Just Another Good Source Of Motivation For You ...

[michellee]

If people could see that the biggest reason for buying Bitcoin was to make a profit, that would be enough for them to start buying Bitcoin. But unfortunately, many of them have heard that Bitcoin can deceive them and cause them to lose and lose all their money.

They need the right knowledge about Bitcoin to change their minds. It depends on the users themselves. If users want to use Bitcoin for their own good in the sense of making a profit, they can certainly do so but on condition that they learn more about Bitcoin.

Meanwhile, other people still think that Bitcoin is too high to buy right now, so they want to wait a while for the price to drop and then buy. But when the price drops, they don't buy either and say they want to keep waiting. But what happens is that the price can immediately go up and they don't buy Bitcoin. And that led to disappointment for them. And when they decided to buy at that time, the price was already above and caused panic when they saw the price was corrected so they sold it at a loss. That's what happened so far.

[Yatsan]

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  , is this not us indirectly cheating ourselves?

It is indeed a great idea to share especially with non-crypto investors. But if we would dig down the idea, what's pushing people away from investing to this technokogy? One reason is impression. There is an impression that investment amount should be huge in order to generate bigger profit but in reality, there's no minimum or maximum amount to invest, only an amount you can afford losing. Ofcourse  we would envy those who have the privilege to invest and earn big but what can we do about it? Just go with something inside yoyr capacity and you're good to go. No matter how big or small it is, the fact that you have tried is alrwady something big. If you have invested a small amount right now  what more eventually right? First step is the biggest.

[Nheer]

The concept is quite impressive. Imagine if you had embraced this idea a decade ago and held onto your investments without selling. By now, you would likely be one of the wealthiest individuals in the world. This thought experiment is something I occasionally indulge in.

I sometimes engage in the same, and it makes me feel so bad because, looking back, I had the chance to be one when I earned my first cryptocurrency, but because I didn't understand it well enough at the time, all I cared about was selling and getting my meagre payout. I still resent what I did up until this point and am angry with myself. I am aware that I previously abused the chance, but this time it won't happen because I now grasp the advantages of long-term investing and have learned more about cryptocurrencies. I have so far been saving up a portion of my weekly income to enable me to hold onto bitcoin for an extended period of time.

[Sandra_hakeem]

200 Dollar for just a one-time dinner?? Shittt!! That's luxury right?? Somebody tell me what I really need to Know. Cus I'd better be thinking from my country's perspective.. i sure hope the cost of daily meals aren't as big as that.
Yeahh... It's quite a good motivation for alot of peeps that thinks it's best to save up than investing - when investing, you tend to make profits at the end of the day, with your Capital untouched but Saving up doesn't make any difference. I still feel that motivations are the highest you can do for neighsayers - as long as they keep doubting, let them be.

Sandra 🧑‍🦰

[Wimex]

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.

It is that in theory said motivation that the op intends to carry out, is directed towards those people whose pocket is considerably stable, it is recognized that for a person who lives from day to day this is not an option that can be taken lightly, but for those that do not make good use of their assets having the possibilities of growing with it, is a good point of view. In the times we live in no person with the ability to grow economically should waste their money, because their situation could change, so you have to make sure before having a good time and take advantage of investment opportunities such as bitcoin to face future crises. The problem with these individuals is their financial immaturity, which leads them to think that their money will last forever and they find out when they go bankrupt just when it is too late.

[panganib999]

It does make sense. Some of us out here spending so much on food and other stuff that wouldn't really last nor provide us with the security in life that we need soon as we retire and we're shying out on investing, not even with bitcoin but with investing in general cause we have more excuses and less reasons to do it. I get that some of us out here's not that fortunate when it comes to upbringing as well as with the income level which disallows us to invest money but for those who are able to but aren't doing so, what is your excuse really? What's not clicking my friend?

I think OP doesn't mean to make you think that should cheap out on important shit like food and utilities, but what this boils down to is you having enough motivation to invest for your future as much as you have motivation to buy that daily starbucks coffee, or that weekly food trip you go out to with your friends.

[Asuspawer09]

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  , is this not us indirectly cheating ourselves?

For sure I mean when I budget my salary I already put around 40% just on savings and investment, because you need to save more than your spend if you spend more than your saving it is just going to be a difficult thing to do. I'm watching a lot of podcasts about financial stuff and how can I become rich and I really learn a lot, It doesnt really matter if you have a very high salary in my country the minimum salary was around 13k PHP, even though your salary was around 50k PHP it doesnt make you rich if your spending is really high, What matter here is how you save, if you're just gonna spend all of the 50k PHP, in the end, it was just useless. There are times that even though you have a high salary already you think that it still wasn't enough because you keep increasing your lifestyle instead of increasing your investment and saving.

So yes in my opinion investing is something that is not a waste and you could easily do that for your future, that make a lot of sense since we did spend on a lot of things without wanting some kind of profit or return, but when it comes to investment that could potentially give us profit we just doesnt want to.

[Blitzboy]

The constant tug-of-war between having fun and making money. On one side, the smell of a juicy steak is enticing. On the other hand, there is Bitcoin's cold, hard promise.

We people are strange, wouldn't you say? We're happy to spend money on a one-time meal, but we're not so sure about things that could help us get ahead financially. You know, because "risky" Bitcoin is. Like when it fell... and got back up. Then it fell... and got back up

If you are ready to bet on a meal that will be gone by tomorrow, why not bet on Bitcoin? It doesn't always go up, but every time it falls, it always goes back up. Now, if only my diet worked as well as that one...

[avp2306]

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..

I think this is applicable when bitcoin is so early since by now that amount will became a lot of money even if you buy 1 bitcoin when this is at early phase. But now er can still able to buy it but not the whole one since its expensive especially for people who earn low and for sure the only amount they can afford is less. But who knows even if they bought 0.001 maybe this figure will be lift since bitcoin supply is limited and we don't know what will happen to it in future.

[Hypnosis00]

That was a sort of encouraging us people to spend money wisely rather than spending it on useless stuff that gives us nothing. Even though we have enough money to buy luxury things and eat in expensive restaurants, still we think that this can't be forever and we need to prepare for the future as well and most especially, as inflation continues. Savings is very important even we are rich because not all are within our control and the situation educates us how to be mindful on our spending habits.

[demonica]

If you really have the right mindset, it doesn't matter how big or small the amount of money you invested in Bitcoin because you'd still make some profit from it. And I agree on what he said. We sometimes get scared of risking our money on investments, but why do we have to be scared to lose an amount of money that we don't even doubt spending on expensive random or unnecessary stuff that we buy on our daily basis. If we can afford to lose some funds on things with no return, why would we be scared of losing money on something where we can expect a gain?

Well I guess, it's just that others don't have the rich mindset or doesn't really think of spending in a smart way.

[tbct_mt2]

I agree with you in principle, but it is difficult to find individuals who have the luxury of saving 100 to 200 dollars for several years and then waiting for several years to achieve wealth. Most people do not have enough money for food and drink expenditures.
The solution can be to try to reduce it to a minimum and then try to have a surplus, but this requires severe discipline, as human nature loves spending a lot.

Life is not always rosy and we must have savings as our plan B when we lose our jobs or our salary drops or for emergency. Using all money we receive each month is risky for our future because when emergencies come, we have no savings to deal with such.

It is more popular in GenZ as I read many articles on newspaper that they use all money because they see it as how they enjoy their lives. They follow YOLO, You Only Live Once, buy luxuries, traveling and don't care about future.

This is if we ignore problems such as unemployment, high taxes, customs duties, inflation, exchange rate problems, insurance, etc.

The pandemic gives them lot of warnings because many people lost jobs during pandemic and after that. I believe many people did not imagine such terrible things will come to their life.

[Negotiation]

Pandemic has taught many lessons to every person who has gone through the most difficult time of life. Hence our conscious approach to finances means clear planning of purchases and avoidance of hasty spending. Only the minimum cost includes products that need to be implemented at extremely low prices by doing this it is possible to save a little for the future. To increase the saving rate income must increase or expenditure must decrease if expenditure is greater than income saving is not possible. And if someone can do both even better the spending areas should be specified if one can specify the spending areas, then it becomes easier for him to take control of the money.

[alastantiger]

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  , is this not us indirectly cheating ourselves?

As hilarious as this sounds, I like the logic behind it. It is letting the procrastinators or know that they have no excuse for not investing in Bitcoin or something making an investment in something that would drastically turn their lives around. This same logic can be applied to learning a skill and increasing your earning potential. For instance instead of spending 2 hours with the boys, that 2 hours can be spent on learning cryptocurrency trading or Blockchain development. Simply put, no excuses for not making one's life better as there's always something we can do improve on our conditions and earnings.

[Mauser]

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  , is this not us indirectly cheating ourselves?

Spending 200 USD per day on food seems crazy to me, if you do this 2 times per week it would be 1600 USD. On top of that comes all your normal food that you eat the rest of the month. Maybe I just have a bad job, but spending 2k per month on food and drinks seems really high. In case you make 10k a month then you can clearly afford it, but he must be a lucky guy. Eating out in a fancy restaurant is luxury that only happens a few times a year for me on birthdays. I couldn't even afford it if I wanted to do it more regularly. Cutting back on those luxury items and invest the money instead seems like a good choice that I would recommend anybody. Also eating at such expensive places regularly, doesn't it make it less appealing? Getting used to caviar and champagne is not a good idea, better to stick to a well cooked home meal.

[kryptqnick]

If someone can afford $100-200 daily on food and beverages, it's certainly better to put the money into Bitcoin instead. It can bring profit, as well as be a positive health influence because that kind of money on food and drinks isn't likely to be healthy. But I'm not sure how many people can relate to that, to be honest, as it can easily be 10, 20, 30 times more than many of us spend on food per day.
But occasionally eating out at a nice restaurant, especially if it's with the people close to you, is IMO better than putting away everything to invest in Bitcoin because pleasurable experiences are worth having once in a while.

[lizarder]

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".

That's the case for people who have stable financial resources and the only other reason why investing in bitcoins is so much more profitable is for reasons of volatility, regardless of how much risk the volatility itself carries. At one level people will begin to understand why investing in bitcoin is the right choice, although buying certain assets and properties is also an important part to try, there are many reasons why bitcoin is a much better priority.

It is a lifestyle for people who have big opinions and when their life is used to this pattern it will be difficult for them to get rid of the habit. People like this never think about how much money they always spend and maybe it's because the income they earn is large that the expenses incurred are not really taken into account and are never felt for them.

[TheGhostMan]

     Like many here, that comment caught my attention because it is true... but one factor that we do not take into account is that, not everyone has the financial means to invest in cryptocurrencies, especially if the person has difficulties to cover their most basic expenses, such as food and services, because not everyone has the joy of spending $100 or $200 on food. With that in mind due to those kinds of financial constraints, it would be a challenge to get into the world of investing with BTC. unlike those who have a solid financial footing and can afford to put more money into investments. Since There is the possibility of obtaining considerable profits in the future, although the profits may vary.
     In my opinion, I think it is of the utmost importance to carefully assess the financial situation we currently find ourselves in before entering the world of BTC or cryptocurrencies in general. If our resources are limited, it might be wiser to look for additional income streams that allow us to save enough money to invest in the market while taking into account our risk tolerance, among other important factors.

[tjtonmoy]

This is interesting. This proves how ignorant we are. Everything is in front of us and yet we ignore it or don't pay enough attention to see it. People are buying this and that and saving up to buy it in many cases. What they do is, they buy it immediately after they have saved enough for it. For me, the concept is different. When I am able to buy two of that same thing, then I will buy one. I will save until I am capable of buying two.
To do that, what's the best way besides investing? This is why we should always keep in mind what we use every day and what it costs, if we can manage to bring the cost down and save some from it, we can invest it later.

There are so many small things that we can do in order to save some money. But we choose to ignore it.

[Alpha Marine]

It's interesting when you look at it from this angle. Most times people feel that a certain amount of money is too small to invest with. This may be true in most investment, but not Bitcoin. Just saving your money in Bitcoin is an investment.
Saving money in any other fiat currency is just savings, because in three years time, you'll still have just the amount of money invested with lower value due to inflation, but with Bitcoin, your savings may have increased by a certain percentage. And even if it does not increase, all you have to do is leave it for more time and it will increase