Hey my fellow forum members, so I encountered a situation with a friend recently which taught me a lot of lessons, and also made a great reminder for me to keep holding Bitcoin rather than buying unnecessary items that don't have interest and value and depreciate.
If you have money, then you should spend it wisely, get yourself the necessary things, and invest the rest of your money. There are things that you are not supposed to buy, it’s better you just invest. Since I know about bitcoin, I do spend wisely, and any extra money I have, I do leave some in fiat, and then I will invest some in bitcoin.
Back to the story:
I made a thread here on the board on how my end-of-the-year Christmas bonus payment was used to buy Bitcoin instead of spending to buy new clothes as my friends and colleagues did back then.
But buying clothes is not a bad idea, you have to look good. You shouldn’t look scattered just because you want to invest in bitcoin. Just that when you are buying clothes, you don’t have to buy expensive clothes just to impress people, just buy something that will look good on you. If there is any money left, then you can invest in bitcoin.
Now I am profiting from my Bitcoin investments then and one of my colleagues is now in dear need of financial help, he needs some help, not life-threatening but money, and now I am not ready to loan him any money as long as it affects my overall Bitcoin holdings.
If someone needs help from me, and I know what the person needs the money for is really reasonable, then I don’t care about touching my bitcoin investment just to help the person, so if someone is really in need of your help and you know that what the person needs the money for is really worth it, then you can assist the person even if it’s going to affect your investment.