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Kicking bad habits to afford more crypto?

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by COINS NEWS 97 Views

Reading posts and comments on this sub I often feel like bad habits are mentioned a lot. Chart watching and gambling on moonshots in particular. However, every now and then there is a positive comment on how crypto has helped someone kick a bad habit. This mostly centers around kicking an expensive unhealthy habit to have more fiat for DCA-ing. Examples I've seen on here, or have heard of, are:

-Less money spent on eating out / fast food
-Quiting smoking
-Getting off drugs
-Quitting gambling on shady rigged betting websites / bookies.
-Alcohol
-Fewer nights out passing fiat up a wall

All of the above habit are ridiculously expensive, robbing one of hundreds/thousands of dollars worth of DCA money each month.

The quiting smoking one is particularly noteworthy. Would be interesting for a MSc / PhD student to conduct a study if this emergent incentive mechanism is outperforming those designed by governments to try to get people to quit.

The same thing holds for gambling. This is a habit that robs people of massive amounts of fiat, and, if not kept in check, can ruin lives and families, etc. With respect to crypto replacing gambling habits, I'm talking about healthy crypto habits, so to clarify, DCA-ing into blue chips or well established alts. Not replacing one gambling habit with another (leverage trading and moonshots, i.e., "this is a casino" behaviour).

In addition to kicking bad habits, crypto has taught me a lot about investments in general, and I'm definitely better with my personal finances as a result.

Anyway, what are your experiences? What unhealthy habits have you managed to put aside thanks to the incentive of obtaining more crypto? And what good habits have you managed to establish (Beside buying high and selling low.... )? For those whonhave managed this, what would your advice be to others who are considering this step?

submitted by /u/RedBunery
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