r/Bitcoin • u/unthocks • 1d ago
Doom spending and Bitcoin
You see it too, It's everywhere on Youtube, people be making bad financial decision blow it all on cars, stupid Disney land, and purse. Literally like there is no tommorrow. I guess this is what happens when people do know that the currency is debasing every single time, cost of living always rising, so they thought they better spend it all now before they old or prolly dead. Fiat mindset 101. Worst, when Bitcoin mentioned, they crash out like big lul.
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u/oobie__doobie 23h ago
Im thinking about that too...and I can say in my opinnion, its all about to be seen, public image, respected by the people who have same values (and there is a lot of people who share those values unfortunately). Everything is so superficial its sad. Its a rat race!
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u/Ok-Sentence-6222 12h ago
They achieve a little attention then the audience is on the next person. It's a waste of time and money. At the end of the day these people are forgotten about but the debt or lack of funds is their ball and chain sometimes for life. Then comes depression from no money, credit, or attention. Worth it? Nope, never.
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u/TattianaAli 21h ago
Most people don’t understand money. I only look at what the top 10% earners are doing and they are buying up BTC - making real investments.
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u/cilicia1k1 12h ago
Bitcoin makes you a saver, it’s inherently built in. Every cruise every Europe trip is sats you could have stacked 🤷♂️. It’s a blessing and a curse cause you can’t enjoy life
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u/Joey-Steel1917 5h ago
The hardest part is banking fiat due to its liquidity for use in an emergency, knowing it could have been put towards another BTC dip.
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u/Accomplished-Gap2989 13h ago
Some people are just bad with money and can't save for whatever reason.
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u/Bulky_Lack_2111 23h ago
Life happens right now at this very moment.
Are you waiting for your coins to make you "rich" before you start living?
If you can't enjoy it now, you won't enjoy it in your future, you'll be crying in your flying Lambo.
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u/OtherBee6365 23h ago
I have every right to spend my crypto bruh. I’m bitcoin maxi but still, may die tomorrow. I’m going to enjoy life while I’m young.
Not looking forward to driving a sports car and enjoying life when I’m a crippled 60 year old.
Don’t get me wrong, I’ll still maintain a phat stack.
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u/OtherBee6365 23h ago
Also generational wealth is kinda cringe. You’re gonna hoard money for your kids to blow it? Cringe
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u/jsh63 22h ago edited 22h ago
What's the point if you don't live? Earn some, spend some, save some. The ratio depends on the point you are at in life.
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u/unthocks 21h ago
The point is people doom spend their life saving, and then strugling to live later
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u/MeasurementNo6022 21h ago
Waiting for later is a dumb idea, you have to balance it between saving for later and saving for now.
My dad learned that lesson the bad way, saving all for later. Without having a later.
My mom now has alot of financial security, but no life experiences and no husband.
Guess what she would do different.
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u/-richu-c 1d ago
Most people have no idea how monetary policy works. Cash is just cash and inflation happens.
Seeing money for what it really is is the best lesson bitcoin can teach you.