Using TV( GOTV, DSTV) monthly subscription money to invest in bitcoin

[moneystery]

you definitely have a smart tv, if it's just for your child's entertainment you can use youtube kids and it's free (use premium for ad-free but paid) it's much more worth it than paying for a tv subscription which provides almost the same content as provided by youtube kids, even youtube kids is better.

you can use the subscription money to invest in bitcoin as you planned and you can use the DCA method to invest regularly. this plan is much more worth it than paying a tv subscription fee every month.

[1715115534]

1715115534

[btc78]

i was confused why this was such a hard decision when it looks like an obvious one until i reached the end part

i was gonna say this is obviously a good idea because who needs tv these days when you can basically watch everything on the internet through your phone but then you mentioned kids whom i think shouldn’t be spending unnecessary time on the internet just to be entertained

on the other hand, kids shouldn’t also spend too much time consuming content maybe have them focus on learning or playing with toys or outside instead so this is a win-win situation i would say

[CryptoHeadlineNews]

Given the increasing cost of TV subscriptions in my country like GOTV, DSTV, etc. I often find myself watching the same movies every month. Sometimes, I can't even watch them due to a lack of power supply, making me feel like I'm wasting my money. So, I've had an idea: what if I were to invest the money I usually spend on my GOtv subscription, which often goes unused, into Bitcoin?

That's is a very brilliant idea, but only if your decision will be okay by everyone in the family, because one thing I will like you to know is that while trying to sort for funds to invest, never you underestimate the power of family, that few hours of quality time spent with family members (i.e wife/husband and children), as it plays a bigger role more than anything in this world. Henceforth, in whatever we do, let's always remember to put family satisfaction as our top priority.

The package I do is Gotv Supa which is about 6400 every month. I'm thinking of reducing my package to a lower one like  Gotv Jinga which is about 2250 for the sake of the kids so they can watch their favorite cartoon and I  get to save 4150 amount into Bitcoin.

What do you all think about this idea?

With 4150 invested monthly in Bitcoin, it will literally go a long way, only if you can be consistent and not make excuses, because in a year, at least you should be having 4150 x 12 = 49,800, and only of you can continue this in 5years time, then that should be a whooping 249,000, which is quite a good sum of money to start with.

[Jegileman]

That will be a good one OP if you have a means of reducing your expenses on TV subscription and channel most of it into bitcoin investment. The problem with TV subscription is the method in which money is being wasted without using the service, they are not ‘pay as you watch’ method. Whether you watch or you don’t, you’ll have to pay for full subscription for a limited days depending on the package you’re going for. Most of the shows now on TV can be accessed online, you can reduce cost by only watching them online when you’re free instead of wasting money on subscribing full without having time to watch them.

[Issa56]

Given the increasing cost of TV subscriptions in my country like GOTV, DSTV, etc. I often find myself watching the same movies every month. Sometimes, I can't even watch them due to a lack of power supply, making me feel like I'm wasting my money. So, I've had an idea: what if I were to invest the money I usually spend on my GOtv subscription, which often goes unused, into Bitcoin? Many people pay for these subscriptions but aren't satisfied with the content. I'm just thinking out loud, but by diverting the funds from TV subscriptions into Bitcoin, I believe I could potentially achieve greater satisfaction.

I will say it's a choice, but just imagine you are at home and bored doing noting with no TV to watch. How are you going to feel? Everything is not just about investing in bitcoin, I cant stop entertaining myself because I want to invest in bitcoin. If you can survive without subscriptions, it's fine, but to be honest, life will be kind of boring to me, and if you have kids, then it won't really make sense because they will want to watch cartoons, and I also prefer watching football at home. I wont discomfort myself just because I want to invest. I have the amount that I do use to invest in bitcoin, and I also have the amount i do use to take care of other necessary things.

If you end up using your TV subscription money to invest in bitcoin, won't you get bored at home? and I am sure your attention will always be on your investment. If you are always thinking about your investment, then you won't be able to hold it for the long term. Any slight increase in the bitcoin price will push you to sell it, so after investing, you need other things to shift your attention from your investment.

The package I do is Gotv Supa which is about 6400 every month. I'm thinking of reducing my package to a lower one like  Gotv Jinga which is about 2250 for the sake of the kids so they can watch their favorite cartoon and I  get to save 4150 amount into Bitcoin.

If it will be okay with you, then you are free to do that, it's your decision to make, but don't do things that will affect you because you want to invest in bitcoin. Bitcoin investment should be done with the amount you won't be using for a long period of time. When investing in bitcoin, always have some amounts to have fun with. If you keep on depriving yourself of some things because you want to invest in bitcoin, for how long will you do that because nobody knows when the bull run will start.

[Youngkhngdiddy]

That will be a good one OP if you have a means of reducing your expenses on TV subscription and channel most of it into bitcoin investment. The problem with TV subscription is the method in which money is being wasted without using the service, they are not ‘pay as you watch’ method. Whether you watch or you don’t, you’ll have to pay for full subscription for a limited days depending on the package you’re going for. Most of the shows now on TV can be accessed online, you can reduce cost by only watching them online when you’re free instead of wasting money on subscribing full without having time to watch them.

   I feel like you don’t need to deprive yourself the fun of watching tv just to invest in bitcoin, it’s  more of saying you want to starve yourself to raise enough capital to invest. They are daily expenses we can’t run away from. If you need to invest in Bitcoin it’s either you already have the money  saved somewhere or you have the money ready to invest.  If you have to save make sure you remove your monthly bills what ever is left you can decide to save it or invest with it.
  Even with the dstv being boring, it’s still needful for the weekend for the football lovers, it can’t be boring for those that have their favorite show showing on the cable. It’s more the same as buying data for you phone, cause you need data to access the internet and to get that data you will need money to pay for it. If you cut back and look at the amount you spend on internet subscriptions for a month, you would want to use the money to invest, but no !! Because you actually need the data to surf the internet. In essence is that money for investment should be made ready and even if it’s not ready you don’t have to rush it. Bitcoin is going no where they is no late comer investing in bitcoin .

[RockBell]

For almost 5 years, I haven't had any TV connection. Using smart TV through the Internet is better; I don't need to pay any extra TV subscription bills. Because almost everything is available on the Internet and most of our local channels have online broadcasts, For kids, there are a lot of YouTube cartoons, which is enough for them. I don't have much time to watch TV or use my mobile to watch movies, etc. during free time. So I think your decision to invest in Bitcoin instead of a TV subscription is more appropriate.

Recently I had this discussion with some one about subscribing to gotv or Dstv about how they dont show recent films and they keep adding money the only thing I enjoy from my gotv is football and music the rest is zero. But another thing again is that if I want to subscribe to either Netflix or anyone it might be cheaper watching it always will consume a lot of data so in both ways they have their advantage and disadvantages and what annoys me most is when their is no electricity your subscription will waste or if you travel its of no use except if you want to watch on your mobile phone. Maybe downloading and watching later not that bad. The problem is no enough time to even watch movies. I think the TV providers need to work something out very soon instead of increasing money always.

[Cryptomultiplier]

I think that it is a wise choice of thought to consider reducing the amount of wasted time on same old movies or excess of channels that one may hardly get to see because of, perhaps a very busy schedule with work or other endeavors that requires attention, mostly the family.

The first step to activate this good thought OP, is to setup the cold wallet and get a safe place preped up to save your seed phrases.
Another would be to be dedicated and discipline in keeping to this, the wife would love such a brilliant idea and would support to make it successful.

Lastly, research on the best investment strategy and coins to invest in beforehand, as this would save one the troubles of having to learn from a bad experience from investment that went haywire due to market trends and its seasons.

[Z-tight]

If you are sure the subscription is of no benefit to you, neither does it give you the desired entertainment, you should stop the subscription and use the money for something else, and it does not even have to be BTC. Take note that this is not about satellite television being a problem, but that you do not need it and whatever payments you are making regularly that is of no importance to you should be stopped, in order for you to save up money and use it for more important things.