Cryptomultiplier (OP)
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August 19, 2022, 09:39:22 PM |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
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Z-tight
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August 19, 2022, 10:58:29 PM |
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Pleasure, satisfaction or like you put it, gratification isn't extravagance or wastefulness. Investment and saving is so important for all of us, it is good to be disciplined with your financial life so as not to create problems for yourself in the future, but you have to reward yourself with some of the money you make, you cannot save it all, as long as you are not being extravagant, there is nothing wrong with gratification. Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
The outcome of an investment can be determined in advance by looking as what you invested in, when, the amount of capital invested, is it long or short term, etc, for gratification, it has nothing to do with it.
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fiulpro
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August 20, 2022, 03:56:07 AM |
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It is indeed very good idea to have a strong mentality like that, But you should understand that delayed gratification generally is associated with a stable life, a stable outcome every once in a while you would have ups and downs in life and might have to take loads of money out from various sources, if you got covid and the overall meds are really expensive then you ofcourse have to let go of that FD that you have been saving for ages. The fact is delayed gratification is amazing but it also needs " no disaster in between the maturation time for either the investment or something else as well " But it's certainly rewarding to have that much patience..
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Don Pedro Dinero
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August 20, 2022, 06:30:35 AM |
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Yes, it's a good idea to delay gratification, but don't delay too long, lest you die before you can enjoy it. It's not a question of delaying the enjoyment until you're 80, if you get to that age. Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
It cannot be determined exactly but you can make approximate calculations to get an idea, bearing in mind that the outcome may vary. For example, on this site: https://dcabtc.com/You can calculate the return from doing DCA with bitcoin, but that is based on past performance, which in the future need not be the same.
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Ucy
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August 20, 2022, 08:48:30 AM |
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That would be much easier if you are a happy person and your happiness doesn't come from things that cost money, you get it for free and easily. From my experience, happiness makes you feel contented and more likely to be patient as long as possible. Sadness could make people search for things that can make them happy and such things typically cost money or don't come free of charge.
Look for your cheap and good source of happiness and time will run fast to help you delay the gratification.
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Republikcoin.com
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August 20, 2022, 09:11:35 AM |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
I think there is no need to starve or delay gratification just because you want to invest in something or a certain product. Because life is to be enjoyed and investment can be done freely and as much as you can so there is no need to be hungry just because you want to invest and think it is your consistency. Because holding back and delaying enjoying gratification until you get sick or die from starvation, it's far more ridiculous than investing in what you have now.
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jossiel
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August 20, 2022, 09:22:29 AM |
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Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
Yes. Those that are successful with investments today, you may ask them how long they've waited for that very moment of selling those stocks and investments that they have that they're enjoying today. I've just learned delayed gratification when I was new into bitcoin and that really worked for me. It's all about being patient and rewarding yourself in the future as long as you're doing the right thing and choosing the right investments.
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Baofeng
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August 20, 2022, 09:27:26 AM |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
I guess this what separates from success and failure. I mean if you have that kind of mindset, to delay everything and think of a long term plan or goal then it could be gratifying down the line 5-10 years. For example in bitcoin, right now we are in a bear market, so it's a period of accumulation. But there will be times that you might be tempted to sell off for nothing. So it will take a lot of mental toughness to have that delayed gratification in the next bull run as you might get a huge profit by investing right now.
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Fortify
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August 20, 2022, 11:08:29 AM |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
Your last question implies that you can predict the future, but it's not really that easy. We can only make a best guess at future outcomes based on all previous scenarios and the amount of data that is available to analyse. Looking at the stock market for instance, we see that over the last hundred years it has returned on average between 6-10% per year but it is slowly trending downwards. There is a lot of data available, it also shows that there is a recession roughly every 8 years and a correction roughly every 2-3 years. If you're talking about Bitcoin, we only have roughly 13 years of information to work with and that is very little in the grand scheme of things. So if you stick with the stock market and buy the right investment products, you have a good idea of what will happen but the same certainty is not available for cryptocurrency.
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Hydrogen
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August 20, 2022, 01:27:07 PM |
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Risk and reward are strongly correlated in finance, business and investment. Strong potential, short term, profits trend with elevated risk. These generalizations are usually accurate within the profile of investments and opportunities. Its uncommon to find an investment opportunity with high potential, short term, gains that is a low risk venture.
The role of an investor and buisnessman concerned with profits could be one of mitigating risk. Balancing potential gains versus risk assessments.
There's a common saying in markets that the best time to buy is when there's blood in the streets. Pro, high volatility, trading. High risk, high potential reward. Those who play that game usually have advantages over other traders in order to profit consistently.
For the average person. It can be beneficial to prioritize long term stability and gains with a lower risk curve. Don't get caught up in the gold fever and swell of emotions which correlates with a flatlining of account balances.
Its well worth it to search for good opportunities and develop perception in separating the good from the bad. Rather than try to take off on every new wave that rolls in.
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Mauser
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August 20, 2022, 02:07:28 PM |
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Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
I don't think delaying the gratification of our investments is the best method to determine the success of our investment. Your are right that keeping our money invested longer usually means we get a higher return. Both consumption or saving in a bank account gives no return at the moment. Together with the inflation the only alternative we have is to invest, but there can be bad investment. In case we pick a mediocre or bad investment it will not lead to good returns, even if we delay our gratification. That's why we need to keep monitoring our portfolio and reevaluate oir positions. Sometimes it's better to cut losses and move on, instead of waiting for something to turn around. Long term investing is still the most important tool to build wealth.
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Gyfts
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August 20, 2022, 03:09:16 PM |
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Depending on the investment, then sure, you might have greater prosperity if you've waived immediate gratification. I think you're overlooking the risks of investing a bit though. Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
Not exactly. You can be disciplined and not spend your funds frivolously -- that does not guarantee the outcome in investing. Investing is still a risk. I'm not sure how discipline with your finances would allow you to predict the outcome of an investment.
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virasisog
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August 20, 2022, 04:12:09 PM |
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You can still invest today while enjoying the things that you have. Investment doesn't mean that you have to cut things that give you joy in life. As long as we know how to manage our finances right, we can fill our needs today and in the future. Investing is still risky and it also matters as preparation for our future but we shouldn't disregard the things that we should be enjoying. We should still put things in balance.
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lovesmayfamilis
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August 20, 2022, 05:37:22 PM |
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The realities of today's life and the realities of today's economy in all countries say that it is simply necessary to put aside all our pleasures for a while and prepare for a life without the pleasures that we allowed ourselves a year ago. And today, if anyone has the opportunity, the right step will be to think about tomorrow. Today has already passed. Feed the family, clothe and warm the children, and enjoy life slowly. And it is investments that will help us (at least I want to believe) that we are acting correctly.
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Findingnemo
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August 20, 2022, 05:44:44 PM |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
If you delay something like purchasing a new car then you have the money right now so you can use it as capital which gives returns to you so later you can buy the same thing you wanted along with the money which you have earned from the capital alone so it means delaying will give the opportunity to buy something with no spending of money.
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South Park
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August 20, 2022, 07:52:49 PM |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
There have been made studies in the past which show that delay gratification is in fact a key factor when it comes to explaining the success people get over time, and it is not difficult to see why, those which can delay the want to purchase something and instead save that money and then invest it end up in a better position later in life than those which were in the same circumstances but which spent their money immediately or even took on credit to make on their purchases, so it is important that before we buy something we want but do not need to think about it first and see if it is not better to save that money instead of spending it.
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tippytoes
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August 20, 2022, 11:38:18 PM |
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There have been made studies in the past which show that delay gratification is in fact a key factor when it comes to explaining the success people get over time, and it is not difficult to see why, those which can delay the want to purchase something and instead save that money and then invest it end up in a better position later in life than those which were in the same circumstances but which spent their money immediately or even took on credit to make on their purchases, so it is important that before we buy something we want but do not need to think about it first and see if it is not better to save that money instead of spending it.
Not many people can hold off when it comes to their investments, especially if they are seeing good profits from it. But for those who can wait, they can reap the rewards and enjoy the fruit of their patience of holding off. But this is only true if your investment is worth waiting for. Because some need to be discarded once you see positive profit from it.
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Rruchi man
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August 21, 2022, 06:26:58 AM |
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Gratifications are never attending, and if you attend to them all, you risk never having a solid investment or no investment at all. It is however noteworthy to say that delaying gratification is not an endorsement to put yourself into suffering because you want to invest, if you die in the course of suffering, you will not take that investment no where, and your next of kin if you do have one may squander the money you died saving.
While pursuing to have a solid investment, IMO do not completely neglect your physical and mental well being, some little gratifications(wants) here and there that is good for your well being both mentally and physically and that will not affect your investing is good, but you shouldn't completely loose focus on the target your have set as per investment, and that is what is important.
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wiss19
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August 21, 2022, 09:16:51 AM |
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Delaying self/instant gratification do have lots of benefits. If you stay consistent of doing this for a long time or during your investment period then you will likely be successful on earning a great profits. The only problem is that it wasn't easy as it sounds but it takes a lot of willpower and I bet that many people are not that perfect about delaying gratification.
I think that's okay as long as we can go back again to our main objectives. Sometimes it is also alright to unwind, relax or enjoy a little bit because this crypto market is stressful. Not only that but also on what we are doing daily like working on our day jobs, doing chores, family responsibilities, etc.
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Ultegra134
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August 21, 2022, 09:58:21 AM Last edit: August 21, 2022, 12:17:20 PM by Ultegra134 |
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To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.
Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
Honestly, it depends on the occasion, but the general rule does apply into building your future. However, there are others who claim that it's best to cherish today, because you don't know what the future holds for us. The majority of people neglects the importance of investing and either simply save their money to a bank or is unable to save at all. In the first scenario, your money is susceptible to inflation and just sits there losing value, while in the latter, you live from paycheck to paycheck. Bitcoin has enabled myself to look forward to a better future, which is essential, especially now, that everything is going downhill. Personally, I'm holding as much as I can accumulate, while investing another sum of money into DeFi, achieving an average of 10% APY, at least till I can come up with a better plan.
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