College Students Should Be Buying Bitcoin

Howdy! Allow me to introduce myself. My name is Nik (@nikcantmine on Twitter if you want to interact with me) and I’m currently a 20 y/o sophomore in community college, who will be attending a 4 year university in the fall of 2020. After graduating high school in the spring of 2018, I realized very quickly that my adult life had started right away. I’m sure many of you can relate to me in some way, as I got a job while in school, and moved out of my parents house at just the age of 19. Although I do have some help from my parents and friends, I’m on my own. You know all too well how stressful it currently is on us, but also stressful thinking about our futures. One way that you can cut out unnecessary stress in your life is by buying and holding Bitcoin (BTC). Let me elaborate a bit more.

Your Financial Decisions

Your finances is one of the biggest areas that impacts your life the most. And at our age, we often don’t make the smartest financial choices. Many, MANY choose to take out hundreds of thousands of dollars in loans to go to school to get a degree that you probably don’t even like. We buy materialistic stuff like Supreme/Gucci clothing, and expensive jewelry to impress people we don’t care much about. We go out to eat six days a week because we’d rather have the convenience of people making us food, rather than buying cheaper/healthier options at the store and cooking ourselves. I’m not calling anyone out and saying these are all bad, because I have done a few of these myself and working on cutting them out of my life. My point to this is, we make a ton a dumb mistakes with our money when we’re young. And hey, that’s fine, because we’re all still learning. But taking the time to learn about your finances and make smart decisions today, can greatly impact you in the future.

High and Low Time Preference

The actions we take today with our money determines whether we have high or low time preference. But what does that mean? Having high time preference pretty much means you enjoy instant gratification. Meaning the day you get paid, you blow your whole paycheck. Buying expensive or even multiple inexpensive materialistic things that don’t mean much to you, and often you regret buying them. You watch too much porn to get off quick instead of creating a long lasting relationship. You decide to go out to a nice expensive restaurant instead of dining in and eating cheaper. Low time preference is the opposite. The saving up and making sacrifices today, that affects you greatly later in life. Meaning you would rather stay in and eat cereal and watch a movie to save money, rather than go out on the town and spend loads of money. Always making the most of what you have. For example: getting every last squeeze out of your toothpaste instead of just throwing it away when it seems like there’s not much left. The best way to save money is to have a lower time preference. This doesn’t mean you can’t spoil yourself every now and then, it’s just the first easy step you can make to start saving more money. With having a lower time preference, you are able to save a great amount of money you probably didn’t think was possible for you.

What Is Bitcoin? And Why Should I Want it?

Bitcoin is a cryptographic money that was born on the internet. Contrary to popular belief amongst “normies” Bitcoin (BTC) is not a scam or ponzi scheme. It’s actually one of the most safe, important, and revolutionary technologies the world has ever seen. Bitcoin was created as a result of the 2008 financial crash, which was caused by nothing but pure greed from the people ‘up top’ in charge of out money (USD). This would be our government, central banks, politicians, and more. This caused the government to bail out the banks, so we wouldn’t see another great depression. But nothing has changed, things have only gotten worse. The money we use today is called fiat. This means it we are forced to use it by our governments, there is an unlimited supply (which governments and central banks can print any amount at any time), and it decreases in purchasing power each and every single day. If you research the history of money, our government fiat money has little to no actual properties of real money. The money we use today is backed by debt, war, violence, corrupted politicians, and more.

Here is where Bitcoin comes into play. Bitcoin is a decentralized money (meaning no single entity like a government controls it) that is limited in supply and has all the aspects of real money and more. It is one of the very few things you can actually own all to yourself, where no one can take it from you, mess with the total supply affecting your purchasing power, stop you from sending/ receiving and more. It is a fantastic store of value, as the decrease in supply happens your coins go up in purchasing power through simple supply and demand economics. Millennials and Gen Zs have a tough time saving by holding the US dollar which constantly depreciates in value. Why not rather store your wealth in a money that goes up in value?

Debt Crisis

Many, MANY people are not financially educated. By doing even the slightest amount of research, Im amazed at how financially stupid people are. The fact that people use a money each and every single day, but don’t have the slightest idea of what is actually is and how it works. If you don’t believe me, research this stuff for yourself, Im sure you'll be amazed. Young people like ourselves have really got a huge problem on our hands. I’m sure many of you have auto loan debt, credit card debt, student loan debt, etc. One of the problems with today’s money is that it is entirely run on debt. You can take control of your life, and opt out of those choices to accumulate debt, and accumulate Bitcoin instead. Because most likely, your rate of return on your investment (yes college is an investment) is probably going to be exponentially higher in Bitcoin.

Don’t Follow The Crowd. Be Your Own Person

This is an incredibly hard thing to do for many people out there. As following the crowd and doing what everyone else does, gives up a sense of security. How many of you college students are doing college just to do it? How many of you don’t have a clue what you want to do in life, but getting a random degree to just “get it over with”? How many of you would rather use the money your using to pay for college on other passions and career goals? If you don’t like what you’re doing or who you are, then grow a pair and do what makes you happy. With that being said, don’t be some lazy bum who plays video games and smokes weed all day. I mean focus on what you love and hustle until your dreams are reality. Don’t settle for anything less, and fuck anyone who tells you different. If that means you stay in on a few Friday nights, don’t buy that brand new $1000 iPhone that comes out every year, don’t buy the Supreme, hustle instead of watching Netflix 8 hours a day, then so be it. Successful people don’t waste time and know how important their time is. You’re a college student. Use your time wisely. Smart decisions made now can pay off handsomely in the future in many ways. Having low time preference and educating yourself financially is one of the best things you can ever do, and I know first hand what that feels like. I started my Bitcoin journey from nothing. And now, I’m well off financially SO MUCH less stress than the average college student, and I’ve learned so much about how the world works. Building a career for myself has never been easier and more fun because of my work ethic I gained through studying Bitcoin. All in all, study Bitcoin and determine for yourself whether you want to buy it. I know everyone’s financials and this is not intended to be investment advice. Always do your own research and discover not only more about Bitcoin, but more about yourself.

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