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Author Topic: Don't you think you should invest in Bitcoin instead of burning your money in fire  (Read 828 times)
Imugen (OP)
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June 03, 2024, 10:08:38 AM
 #1

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot. When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years. If we had saved this amount of money in any investment or for the future without spending it unnecessarily during our student life, then the path in life would have been very easy. The most difficult journey of a student's life begins in the years after graduation, when your savings or investments may come in handy.
If a student invests in coins like bitcoin without burning $2500-3700$ in his education life and also while he is busy establishing himself, this amount of money will power the way. Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon. I want to say that since I took the risk, why am I not in Bitcoin!
I have one regret because I have been through this cycle. I know and also know my community who is doing what how. I don't know if there are such members in this forum, but maybe there are many who have grown up or are in this cycle, to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.
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June 03, 2024, 10:29:43 AM
 #2

It's just because they don't know, they don't have the knowledge of it so it takes someone to tell them about it so they can have that knowledge, but to most of them they are addicted to it and it can only take the grace of God for them to change automatically.
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June 03, 2024, 10:58:44 AM
 #3

They don't know what life is and the money that they're burning through that vice is from their parents. Once they grow up and welcomed to the corporate and real world, they're going to take care of the money that they earn. For now, they're not going to understand it but I see some that are extraordinary and wise with how they take care of their money. Those teenagers that are able to have a grit and able to earn some money, they're wising up on how they can prolong that and wanting to invest somewhere else.

The thinking should be like that but not everyone can be extraordinary and they have to learn the hard way before they realize that the money that they have in their possession should be spent wisely. And this isn't just for buying cigarettes but also other addiction and vices that they're burning or putting their money into waste. A day will come that will analyze their situation and will have a contemplation on themselves on how much they've spent already for those things that caused them nothing but throwing money.

While the other people that they're inspired with how they're good in money handling and managing it the right way, they're going to realize it. Everyone has their own time to grow, in money, in life and financial knowledge. Those that have learned it through several mistakes, they're the ones that are likely the successful ones and those that have been trying all of the time, they're seeing themselves that one day they'll also be good. So, save up, invest, buy Bitcoin and other assets that they can afford that they shall hold for a long time.

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June 03, 2024, 11:09:08 AM
 #4

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot. When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years.

Indeed if most people should calculate the amount of money they had spend on smoking since they started till now they will actually be surprised with how much they will realize and funny enough not just only on smoking but for so many other things like drinking and gambling, though I'm not saying that gambling is bad but excessive gambling is not advisable because so many persons who has become an addict today has lost so much money on gambling because I no of someone who lost $1000 a week in gambling and that wasn't actually the first time, so perhaps imagine if he had putting majority of the money into Bitcoin he would actually gone far on his Bitcoin investment now, so actually the best thing is that even if they cannot actually stop it totally but at least they should be able to reduce the rate at which they normally do those things or perhaps diversify some of those money into investing on Bitcoin.











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June 03, 2024, 11:17:06 AM
 #5

As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives.

Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late.

They can do e-learning with free sources on Internet and find jobs in cryptocurrency but it's not main focus for them. It should be their part time activities when they already fulfill their learning at college or university.

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June 03, 2024, 11:18:07 AM
 #6

I have one regret because I have been through this cycle. I know and also know my community who is doing what how. I don't know if there are such members in this forum, but maybe there are many who have grown up or are in this cycle, to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.
It is common to assume that the money we spend on items like cigarettes, alcohol, and other unnecessary things is insignificant. But when we gather the money we carelessly spend for a long time, it can be enough to invest in a profitable venture. So I support op that smokers can quit and keep the money aside which can help them to put it into an investment. I support his stance wholeheartedly because smoking has no nutritional benefits and has severe health consequences. So quitting will be good for our finances and health. If some people calculate how much they have spent on cigarettes for twenty years, they would have been millionaires if they had bought and held Bitcoin for a long time.   

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June 03, 2024, 11:23:44 AM
 #7

to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.
Mate, that is much easier said than done.

Smoking is an addiction that someone can’t easily overcome. I’m sure a lot of them also hope to remove this hobby from their lifestyle but they can’t because they are wired to keep smoking. Because they are addicted to it. Though just like you, I also wish for them to put their money into a much healthier activity like investing in crypto.

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June 03, 2024, 11:34:37 AM
 #8

to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.
Mate, that is much easier said than done.

Smoking is an addiction that someone can’t easily overcome. I’m sure a lot of them also hope to remove this hobby from their lifestyle but they can’t because they are wired to keep smoking. Because they are addicted to it. Though just like you, I also wish for them to put their money into a much healthier activity like investing in crypto.
It is not easy but smokers have to fight to overcome the addiction. They can seek professional help if it has become uncontrollable. Stopping an addicted behaviour is not easy but it is a worthy task to keep fighting for your freedom. I have seen people who smoke even against the advice of the doctor and it ended up affecting their help and even led to death. I have been their before and I can tell you that it needs lots of discipline and determintion.

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June 03, 2024, 11:37:39 AM
 #9

if we calculate how much money is burned by smokers, maybe it will reach hundreds or thousands of dollars in a year. but we are just a third party who can only calculate how much money is spent by others, but what about us? what about the money we spend on gambling or on snacks or other things? because if we calculate it, maybe it will be equivalent to the money spent by a smoker and can we invest in bitcoin? because it is very easy to judge others compared to doing it ourselves. no need to say that smokers should quit smoking to invest in bitcoin, just do it yourself, because you will only waste your time when you lecture others.

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June 03, 2024, 11:46:04 AM
 #10

Unfortunately addictions are things that stick close to your life with the addict having less and less power to control it. Nicotine is highly addictive and giving it up means horrible withdrawal symptoms that the person has to deal with during the process of deaddiction.

Indeed, I have been lucky enough to not smoke or drink and been able to use that money "saved" to invest. But these addictions will continue in future as people are wooed by so called "e-cigarettes" and so on as the companies dont want to go down making these shit.

The only way is to make people aware, smoking does not make you cool, it kills you and your family by causing cancer. But nobody really cares about what we preach.

 
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June 03, 2024, 11:54:52 AM
 #11

OP, nice survey you made, the quote you put up is very similar to your personal life. You must now realize how much money you have wasted. If I'm not mistaken, you mean an attempt to save money from student life and then use the money for the later part of student life. Basically, how many people can actually take these challenges, if very high, ten out of 100 people will succeed. Anyway I mean if you have quit smoking then good and if you haven't then try to quit now keep saving money. Find small sources of income from which you can pool money and invest in Bitcoin, the time is not yet over.
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June 03, 2024, 12:15:29 PM
 #12

The reality is that the last thing that someone that's in a state of addiction will ever think of is to get himself out of the mess and convert the money he he's using for such stuff into investing into his future. If they even invest into Bitcoin before taking care of thier mental health, they will always at some point in time sell off thier Bitcoin and use the money to buy cigarette or any substances they've been addicted into. If you don't take care of some other important aspect of your life, you will end up blowing your investment out when it gets tough.

Investing into any meaningful stuff mostly comes to play when you're able to figure out how to live reasonably and worth out your basic need and then you can now make provision for an amount that's going into your investment and then another than can sort out your basic needs as well as serve as your emergency funds.bif you're yet to fix these aspect of your life, the possibility of being able to effectively invest into Bitcoin or another asset will be too slim.

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June 03, 2024, 12:22:10 PM
 #13

As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives.

Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late.

They can do e-learning with free sources on Internet and find jobs in cryptocurrency but it's not main focus for them. It should be their part time activities when they already fulfill their learning at college or university.

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That's why I never advocate teaching bitcoin investment to teenagers, especially students, there are many things worth learning and many things they need to learn to prepare for a future. Bitcoin is just an investment like many investments like gold or stocks, it is not an essential thing that anyone should have because many people are still rich without knowing what bitcoin is.

But in the scenario OP gave, I would support them saving money to invest in bitcoin instead of using money their parents gave them to use stimulants like cigarettes or alcohol. It not only affects their learning but also affects their health, and even destroys their health and future if addicted.

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June 03, 2024, 12:45:27 PM
 #14

Whether smoking is on the rise currently seems to be a complicated question. It was falling, but then the process was stalled by the pandemic. In any case, there is a significant amount of smokers, and you can add other bad habits like alcohol here as well. It's certainly better to invest the money that could go on these habits into Bitcoin. This way, you're taking a risk with your money, which may or may not pay off, whereas with smoking and drinking you are taking a risk with your health, and there's only a matter of how much you lose but winning is out of question.

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June 03, 2024, 12:59:18 PM
 #15

As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives.

Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late.

They can do e-learning with free sources on Internet and find jobs in cryptocurrency but it's not main focus for them. It should be their part time activities when they already fulfill their learning at college or university.

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Well, you have a point. However, instead of spending for their smoking habit, they should divert that one into learning to save, at least when they graduate from school, they still have savings to buy presents for theirselves or just continue saving to fund their future investment. Although investment opportunities are bigger when they land a stable job, but it’s not a loss for them if they start saving early for their future and not just waste their money on a vice that won’t make any good for them but will only put their health into danger.

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June 03, 2024, 01:02:21 PM
 #16

I smoke, but nevertheless, I still count and make investments of any kind.
Students should not invest; don't teach them to do this as they are not yet mentally or emotionally stable.

Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon.
Bullshit, cigarettes don't affect your age, for real.

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June 03, 2024, 01:05:21 PM
 #17

if we calculate how much money is burned by smokers, maybe it will reach hundreds or thousands of dollars in a year. but we are just a third party who can only calculate how much money is spent by others, but what about us? what about the money we spend on gambling or on snacks or other things? because if we calculate it, maybe it will be equivalent to the money spent by a smoker and can we invest in bitcoin? because it is very easy to judge others compared to doing it ourselves. no need to say that smokers should quit smoking to invest in bitcoin, just do it yourself, because you will only waste your time when you lecture others.
Very well said.

All of us have some addictions probably. Maybe not as harmful as smoking nor as extensive but I am sure a lot of us are spending on things that would have been better if we had spent it on investing in bitcoin. But smoking should really be discouraged just from the fact that it’s unhealthy on the body.

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June 03, 2024, 01:05:26 PM
 #18

It is true, you can save a lot of Money if you saved the cost of every single cigarette you smoke.

But on the other hand I believe the people who smoke would still not save enough Money even if they stopped.  I am saying this because I see a lot of both smokers and non smokers who still have no money put to the side.  Why are the non smokers not Richer than the smokers?

Some body who wants to save Money would save whether they smoke or not.  Whether they are living on the edge or not.  It is all about their mentality.  You can smoke only a little bit less and save the rest.  You can smoke as much as you wish and still save.  If you want to save, just save.

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June 03, 2024, 01:10:15 PM
 #19

Every juvenile once made a mistake at a certain point in life but what determines the gravity of the mistake (either in terms of spending, no decision making, or the wrong company) is the society where the juvenile grow up in and the model of living of his/her family.
The major things affecting us today are because some parents themselves are still kids in terms of maturity and the earlier we correct all this the better we have a society where we will see few or no youths with drug problem.
OP, it is good you learned the hard way, the better is for you to prevent your young ones from making the same mistake you did and let them know the importance of Bitcoin investment.

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June 03, 2024, 01:24:45 PM
 #20

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot.

Sometimes I do sit and think about what some people see in smoking. I don’t see anything interesting or useful about smoking, all I see is people trying to kill themselves. Some people can do everything in their power just to get money and smoke, and after smoking, they will start doing crazy things, causing problems in society. What surprises me most is that even the younger generation is getting addicted to smoking. How I wish something could be done to stop that.

When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years. If we had saved this amount of money in any investment or for the future without spending it unnecessarily during our student life, then the path in life would have been very easy.
Do you think smokers care about there future? They don’t care about future investments, all they want is to get money and smoke. Don’t be surprised that some smokers end up selling their investments when they don’t have money to smoke, and they will end up spending all the money on smoking. Some of them do say they don’t know maybe they will be alive to see the future, which you are asking them to invest for, So asking them to invest is just a total waste of time.

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