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"You dont need to spend $50 on that video game. Or that one. Or that one. Actually, just give me your wallet, you can have it back in 10 years." Also, start

"You dont need to spend $50 on that video game. Or that one. Or that one. Actually, just give me your wallet, you can have it back in 10 years." Also, start mining bitcoin.

Fradow 9y ago
I agree for videogames. Starting mining bitcoin on the other had, is hindsight bias, and may well not be a good recommendation anymore. Depending on where you live, electricity costs makes it hard to break-even, especially after you consider hardware purchase. Bottom-line: run the number and think hard before joining the hype.
d0lph 9y ago
Disagree, video games are some of the cheapest forms of entertainment per hour.
- reboog711 9y ago
  Sure, but there are plenty of great games available for less than $50. And if you can wait a year; you can probably get today's great game for significantly less than $50... I know some super financially conscious folks who purposely stay one "Game system behind". Nintendo Switch is coming out? Buy a Wii U and collect games for super cheap. Hour of entertainment at a fraction of the cost.
- toast0 9y ago
  Most of them are just as enjoyable, if not more so, when you wait for the price to drop and the bugs to be patched, though.
- kodt 9y ago
  Just don't buy more video games than you can play. Buy it when you actually intend to play it. Don't buy three $60 games on release day all in the same week. Buy one, wait until you have completed it before buying another. The price usually will have gone down for the others by the time you get around to them, if ever.
snicky 9y ago
Why would you advise to mine bitcoins? If you feel it's a good investment just buy some.
- ac29 9y ago
  Poster was probably 25 around 2010 when you could mine bitcoins without custom hardware. I mined dozens around then (and sold them all when the price spiked to ~$5, thinking that was a silly price).
  - holtalanm 9y ago
    bingo. This is advice for when I was 25. Not for current 25 y/o's. The people that say my advice is stupid clearly didn't read the question. :)
shoo 9y ago
> Also, start mining bitcoin. although i think you aren't being serious, this is genuinely poor advice. > The reader can see my unusual notion of alternative accounting: $ 10 million earned through Russian roulette does not have the same value as $ 10 million earned through the diligent and artful practice of dentistry. They are the same, can buy the same goods, except that one’s dependence on randomness is greater than the other. - Taleb, Fooled by Randomness
- holtalanm 9y ago
  > Also, start mining bitcoin. > although i think you aren't being serious, this is genuinely poor advice. This is absolutely fantastic advice. If my 25y/o self had started mining bitcoin, and held on to that btc, I would be a millionaire right now. Remember, this advice is for myself when I was 25, not for people that are currently 25. Obviously, mining btc right now would be a waste of time/energy unless you have a btc mining factory in your back yard.

"You dont need to spend $50 on that video game. Or that one. Or that one. Actually, just give me your wallet, you can have it back in 10 years." Also, start mining bitcoin.

Fradow 9y ago

I agree for videogames. Starting mining bitcoin on the other had, is hindsight bias, and may well not be a good recommendation anymore. Depending on where you live, electricity costs makes it hard to break-even, especially after you consider hardware purchase. Bottom-line: run the number and think hard before joining the hype.

d0lph 9y ago

Disagree, video games are some of the cheapest forms of entertainment per hour.

reboog711 9y ago
Sure, but there are plenty of great games available for less than $50. And if you can wait a year; you can probably get today's great game for significantly less than $50... I know some super financially conscious folks who purposely stay one "Game system behind". Nintendo Switch is coming out? Buy a Wii U and collect games for super cheap. Hour of entertainment at a fraction of the cost.
toast0 9y ago
Most of them are just as enjoyable, if not more so, when you wait for the price to drop and the bugs to be patched, though.
kodt 9y ago
Just don't buy more video games than you can play. Buy it when you actually intend to play it. Don't buy three $60 games on release day all in the same week. Buy one, wait until you have completed it before buying another. The price usually will have gone down for the others by the time you get around to them, if ever.

snicky 9y ago

Why would you advise to mine bitcoins? If you feel it's a good investment just buy some.

ac29 9y ago
Poster was probably 25 around 2010 when you could mine bitcoins without custom hardware. I mined dozens around then (and sold them all when the price spiked to ~$5, thinking that was a silly price).
- holtalanm 9y ago
  bingo. This is advice for when I was 25. Not for current 25 y/o's. The people that say my advice is stupid clearly didn't read the question. :)

shoo 9y ago

> Also, start mining bitcoin. although i think you aren't being serious, this is genuinely poor advice. > The reader can see my unusual notion of alternative accounting: $ 10 million earned through Russian roulette does not have the same value as $ 10 million earned through the diligent and artful practice of dentistry. They are the same, can buy the same goods, except that one’s dependence on randomness is greater than the other. - Taleb, Fooled by Randomness

holtalanm 9y ago
> Also, start mining bitcoin. > although i think you aren't being serious, this is genuinely poor advice. This is absolutely fantastic advice. If my 25y/o self had started mining bitcoin, and held on to that btc, I would be a millionaire right now. Remember, this advice is for myself when I was 25, not for people that are currently 25. Obviously, mining btc right now would be a waste of time/energy unless you have a btc mining factory in your back yard.