Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
bitzizzix
on 08/02/2025, 20:14:21 UTC
⭐ Merited by JayJuanGee (1)

Of course, young folks if they do not have a job, they may well need to spend time, energy and money to train themselves so that they have an income.  Of course, if they are trying to continue to build their bitcoin investment in order to get it to a large enough size that they can live off of their bitcoin investment, then they still have to spend some time getting their bitcoin to a sufficiently large size, since if they start to spend it too prematurely they will end up being a low coiner or a no coiner, and since they are still young then they have to start over accumulating bitcoin, which would be dumb to sell your bitcoin too soon, since you likely want to keep building your bitcoin to get it to a size where you can start to live off of it and not have to work, except that if you are young and dumb, you might end up cashing out way too soon and fail to calculate how to make a system of sustainable withdrawal including that perhaps you are going to want to upgrade your standard of living too.  So as a young person you might have several things that you need to learn and you might not even know all of the things that you need to learn until you explore for a bit and perhaps even get into some careers..and perhaps trying to find a career that is suitable and comfortable to you without having to sell any of your BTC until later down the road when you are actually ready and have built your stack (stash) up to a high enough level..
I agree with your comments that if young people want to earn from Bitcoin, they must keep Bitcoin basics in mind. In order to build a strong financial base and be the future leaders of the world, they should inculcate a savings mindset in advance. Bitcoin is a long-term financial system. The longer you hold BTC, the more successful you will be. And for this, our young society is perfect because the young society has time to build the future, so if they want, they can hold their income for a few years. But for this they must broaden their income stream by acquiring skills. And for this work they can find a second source of income on any digital platform or by starting a business. In this way anyone can easily build a BTC stash with another income support. So I would say young people can build btc stash better than old people.

I think that I was saying something else, including that sometimes young people can become quite cash-strapped if they might be trying to learn and build their skills so that they can get better jobs later, so it can sometimes be difficult for them to continue to hold bitcoin that they had previously bought... Yet, I don't necessarily want to make any kind of a blanket statement - even though it may well become easier when young people find good paying jobs to then be able to save and invest, but if they are in school it might be hard for them to save/invest into bitcoin when they might not have much of an income and they may well be spending a lot of time and energy learning skills with goals of improving their income later down the road. Surely not every young person invests into trying to get higher paying jobs down the road, including some young people might not be in a good position to be able to invest their time in that way...so there are a lot of differences in situations, including inequalities of starting points, that may even have some geographical elements.

Of course a good job with a big salary or at least minimum wage is a must for young people. Because it can support what they want including investing. So it is very important for young people in their brain development period to learn and improve their skills in order to easily get a job because currently skills are one of the most important things to make it easier for them to get a job and so that their future is well directed and having a permanent job and a good salary will make them able to realize their desires especially to save and also invest and also other desires for a better future.

And in my opinion if young people who are still in school if they have to save and also invest it is difficult and not as easy as what is said, because their finances are limited and they also have to focus on learning and developing their skills so that after graduating there are results that support them if they want to save and also invest from the results of the work they get because education is also an important investment so that after graduating or in the future the education obtained can generate money and the money can be saved and also invested. And if both of his children are still in school, then he must save or invest where the money is obtained, while the money given by his parents is only enough for school fees, and besides that, in investing there will be risks and it also involves psychologists and this will interfere with his studies.