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Author Topic: Just Another Good Source Of Motivation For You ...  (Read 647 times)
Fivestar4everMVP (OP)
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July 26, 2023, 05:32:25 PM
Merited by coolcoinz (1), Eternad (1)
 #1

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".



Sure nothing special about this statement, but I just find the analogy interesting, maybe its because this is something we do everyday and have come to terms with it as the basics of life and existence, many of us tend to easily without looking back, spend good amount of money on things that add very little to no profit or value on our financial lives, like eating out in an expensive hotel or restaurant, but when it comes to spending on that one thing that has the potential to add some positive figures into our finances, we begin to do a lot of calculating and analyzing  Grin, is this not us indirectly cheating ourselves?

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July 26, 2023, 05:57:52 PM
 #2

I keep telling people that it doesn't really matter how much bitcoin you have, but at this point having no bitcoin is plain stupid.

You know it has potential and a disruptive technology that is changing world finance as we speak. Because of bitcoin governments are spending money on developing CBDCs because they know how important it is to counter the trend of private cashless and global payments. Their only idea is to make a system that offers global cashless payments that aren't private, but endorsed by them and with higher acceptance rate.

You know it's safe to buy and that it's not a scam, so why not have some of it? Just skip one beer a day, stop smoking, walk or take a bicycle to work instead of driving there, at least once a week. Maybe stop buying unhealthy snacks, or sweet drinks. Do yourself a favor and spend that money on bitcoin, even if it means saving $10 a week. By next halving you're going to have some bits saved up.

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July 26, 2023, 06:20:45 PM
 #3

This pretty much applies to investing in general and saving money in general. But a huge majority of people aren't really interested in investing (or worse, saving) unfortunately.

Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.

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July 26, 2023, 06:44:15 PM
 #4

This pretty much applies to investing in general and saving money in general. But a huge majority of people aren't really interested in investing (or worse, saving) unfortunately.

Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.
I agree with you, i most financially stable people will rather spend that money on food and drinks rather than invest it.

Good food is a healthy habit and health is wealth they say!

Anyways for a middle-class individual looking to build a financial stability, investing bits of their earnings in saving or buying assets that have some future profits guarantee like bitcoin is also a smart way to build a financial cashflow for future foods and drinks at least a retirement plan.
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July 26, 2023, 06:49:59 PM
 #5

I value food over anything since my parents and culture teach me how to show respect on it since we are all striving to earn money just to eat since we can’t leave without food while we can leave without anything else except food/water alone.

This a good motivation if you are wasting money on fancy restaurants that serves an OP dish while you can eat the same on other restaurants for lower price with a little bit low quality. But if you are sacrificing food in general than to invest, I think I will not do this kind of motivation.

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July 26, 2023, 07:11:29 PM
 #6

This is a good motivation and I think it is really nice to realize that one can save out some cash from food and drinks just to think of the getting some bitcoin weekly or monthly depending on the income of the person not just saving to get some bitcoin but other things that will be of good profit in the future. This post reminds me of a man on YouTube who talks about how getting bitcoin everyday makes him happy regardless of what people think or say about it. I think this is the right approach and everyone who thinks about the future too should consider getting bitcoin probably every day no matter how little the amount will cost.

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July 26, 2023, 07:16:26 PM
 #7

This pretty much applies to investing in general and saving money in general. But a huge majority of people aren't really interested in investing (or worse, saving) unfortunately.
Exactly.
If there are no inherent skills in thrift, then there will be no inclination to invest.
Most of the people around you are spenders and they will never be able to afford even a share of bitcoin.

Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.
Good food doesn't have to be expensive. 100$-200$ food, what's so unique about it in terms of the enjoyment that food can give? Undoubtedly, this food is overpriced, because the owner of the establishment wants to cash in on you. The same applies to other pleasures and entertainments. A lot of things in this life are overpriced and a lot of good things, like good food, can be had for less.

By the way, it is not the price that makes the food good and tasty.

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July 26, 2023, 07:19:49 PM
 #8

TBH, not everyone in this world can afford that much in a day because then, he'd need at least $3k-$6k a month just for the sake of food and drinks and rest expense isn't calculated. And it's literally not possible for anyone to earn that much a month because if you can, I don't think you need an extra source of income because you're already living a luxurious life as you can definitely visit countries if you earn that much a day or a month whichever relates.
However, the example is nice but he tried to set the tempo high of his comment, but I'd definitely say that it's actually motivating for those who spend a lot behind food and especially beverages (my dear heavy drinkers, yes I'm talking about you people) Cheesy

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July 26, 2023, 07:21:04 PM
Merited by Zlantann (3), vapourminer (2)
 #9

This is just human nature, and there is literally little to nothing that can be done about it unless one changes his own mindset. At some point, investment decisions should also be added to one's list of needs and not wants, as they are also important parts of one's life.
 
People are just fine. It is very easy to spend money on their wants and pleasures without giving it a second thought, with the belief that those things are contributing to their happiness, which gives them a rest of mind that can equally guarantee their health and safety. When it comes to investments, you and I (Op) know that those are not easy decisions to make. The guy on YouTube used the illustration based on his own financial status, so those 100–200 dollars could just be like a dollar to him. But for an average earner, he needs to consider where his money is going,  the risk involved in it, if it's worth it or not, and if he is unsure of it. Sometimes it is better for them to spend it on things they think will add to their nourishment than put money on things they don't know what the outcome will be.
 
 

R


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July 26, 2023, 07:23:53 PM
 #10

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".
...

Enjoying food and drinks is a whole different concept than making an investment. You shouldn't limit your entertainment too much just to make investments imo. It is always OK to save money to buy bitcoin but living like a plant will harm you mentally in the long run. I would never advise this to any of my friends. If you are not going to enjoy a good meal and some drinks every once in a while, I can't call that "living". It is more like being a slave to me and I can't live like that. Nobody should because we are all people. Obviously that doesn't mean that we should spend all of our monthly income on booze. I don't mean that. There should be a balance.

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July 26, 2023, 07:33:49 PM
 #11

not just buying bitcoin  it is motivating for doing any investment. I am gonna save it and read it everyday.
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July 26, 2023, 07:35:42 PM
 #12

Sometimes I need motivation. I live in a small town where Bitcoin is not very wide spread and sometimes I would also wish to find sources of motivation to keep working in small projects I like to start, but then, I end up giving up on them because new things came up! That shoul be solved with some motivation, for sure!

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July 26, 2023, 07:47:22 PM
 #13

I keep telling people that it doesn't really matter how much bitcoin you have, but at this point having no bitcoin is plain stupid.

You know it has potential and a disruptive technology that is changing world finance as we speak. Because of bitcoin governments are spending money on developing CBDCs because they know how important it is to counter the trend of private cashless and global payments. Their only idea is to make a system that offers global cashless payments that aren't private, but endorsed by them and with higher acceptance rate.

You know it's safe to buy and that it's not a scam, so why not have some of it? Just skip one beer a day, stop smoking, walk or take a bicycle to work instead of driving there, at least once a week. Maybe stop buying unhealthy snacks, or sweet drinks. Do yourself a favor and spend that money on bitcoin, even if it means saving $10 a week. By next halving you're going to have some bits saved up.

I agree with you, some know that Bitcoin has made some people millionaires yet they don't do anything to be able to invest in it or when they do they start shaking their heads and saying they don't understand anything and don't know how to do it.  It's absurd because it's not true that they don't understand but the truth is that they don't want to understand.
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July 26, 2023, 07:53:14 PM
 #14

The transaction volume limitation on Bitcoin heavily limits its long-term positive potential. The average global salary is something like $7,000 USD per year, and so a 20% savings rate would be $3.84 per day.
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July 26, 2023, 07:54:42 PM
 #15

Indeed, there are two points we can discuss regarding the comments embedded in that picture.

Every individual eats and drinks daily, not only to fulfill basic needs but also because some do it for pleasure. This context is quite fitting when applied to a situation where investing in Bitcoin takes precedence over indulging in temporary delights of food and drinks.

I perceive the order of priority from the three contexts above as follows:

1. Eating and drinking for sustenance and nourishment.
2. Bitcoin investment.
3. Eating and drinking for leisurely enjoyment.

Moreover, investing in Bitcoin not only holds great potential for profits but also, under unfavorable circumstances, can deplete one's funds. The money that could have been spent on creating momentary happiness ends up lost due to weak investment strategies in Bitcoin.

Regardless of the perspective, I concur that Bitcoin investment should take precedence over eating, drinking, and reveling in fleeting festivities. We can celebrate and enjoy ourselves later, once we reap the benefits from Bitcoin, which deserves top priority.
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July 26, 2023, 07:57:22 PM
 #16

For me, it’s about scale of preference. The difference between wants and needs is basic economics but unfortunately it is a concept that many fail to acknowledge in their lives. People will spend money on things they consider important, for some going on dates and expensive vacations may be their priority, and bitcoin investment may not be on their list of preference, this could be because they do not have knowledge of how bitcoin works.  

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Queentoshi
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July 26, 2023, 08:13:29 PM
 #17

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".
The profit in eating is nutrition for the body, so the food is not a complete waste as the person who made the comments makes it. His point is that it is important to try to get the attitude and habit of investing daily in assets as you eat and drink daily. investing little by little may not look like you are doing enough, but little gets to much with a consistent habit of gathering little. Also, we can also say that as you try to consistently invest, do not do it at the expense of food, that is you skip meals and eat less nutritious meals just because you want to invest. Good food is necessary for good health.

R


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July 26, 2023, 08:28:25 PM
 #18

Eating and drinking is part of the basic needs of life, and it does not mean that everyone who can afford to buy what to eat or drink can afford to buy BTC. Before one can invest in assets they must have first taken care of the most basic things in their life like food, drinks and shelter, the post in the op is not a motivation in my honest opinion. Buying BTC is a good plan, but for the people who can afford it, so i believe the post is for people who live comfortably but spend their money lavishly and have no investment.

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nelson4lov
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July 26, 2023, 08:38:42 PM
 #19

~Snipped.

Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.

This makes a lot of sense. At the end of the day, we have to strike a balance in our financials. As much as our investment portfolio should be booming, we should also take time to take care of ourselves. That's what matters at the end of the day and it's the reason we even work or hustle in the first place.


This is a good motivation and I think it is really nice to realize that one can save out some cash from food and drinks just to think of the getting some bitcoin weekly or monthly depending on the income of the person not just saving to get some bitcoin but other things that will be of good profit in the future. This post reminds me of a man on YouTube who talks about how getting bitcoin everyday makes him happy regardless of what people think or say about it. I think this is the right approach and everyone who thinks about the future too should consider getting bitcoin probably every day no matter how little the amount will cost.

The motivation doesn't apply to everyone. I believed it's mostly for people who lavishly spend their earnings unnecessarily when they could have devoted most of those spare money to investment/Bitcoin.


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Lida93
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July 26, 2023, 08:41:13 PM
 #20

To say the least there are people that spends so much on luxuries like clothes, fancy shoes and cars, embarking on series of vacations, spends a lot at the bar on bitches but talk to them about investing in bitcoin they can come up with countless excuses as why they don't trust the digital coin.

How does it feel spending money on things that has nothing  profitable not even a 0.1% of a chance of profit in contrast to putting your money into something that has the potent and capacity to yield you substantial profit hereafter.

In today's world anyone that knows how to make use of the internet and doesn't own sowm amount of bitcoin no matter how little or is still contemplating about it is taking a bigger risk to staying hungering.


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