Replies (72)
Truth.
That zap you just sent? Could’ve paid for your great grandchildren’s college. Wait…
Bitcoin is the ultimate opportunity cost
I’ve been thinking like this for 4-years. Need that price rip to make theory into reality for those of us who went maxi this last cycle.
At some point delayed gratification in pursuit starts to impact mental health.
I like the idea of buying the same 30K car for 1K better.
Fuck, I don't have enough Bitcoin
Fuck you’re right lol 😂
However, we both know that inflation will greatly impact what a $3.2M home will look like in ≈10 years. Honda Civics could start at $120k
Time horizon matters though. Agree bitcoin gets to $2M but if it takes 15 years you may regret not taking the $5k vacation while your kids were young. Everything is a balancing act
I’ve been there. Keep pushing until you breakthrough. It’s the only way.
This is the truth!
Kids don’t need or want 5k vacations. Camping in the woods roasting marshmallows is a million times more valuable to them.
Just keep learning, stay humble, keep learning. As soon as the price rips, a month later you’ll hate that it did.
I took my kids to Italy and it was a fantastic family vacation that they still talk about though years have passed. Agree not a necessity but it was money well spent for me
Nah
I think what they valued was spending time with you bro and being together as a family. That said I’m sure Italy is a nice backdrop if someone can afford it, but not a necessity.
I agree - not a necessity for all to go to Italy or drop $5k on a vacation. You should spend carefully and save wherever you can - in bitcoin. Just don’t deny yourself all of life’s pleasures because bitcoin going to $2M might take longer than we hope.
Literally no more $$$ and any further DCAing is immaterial. Im fully ready to embrace the upcoming price rip with no regrets.
Congrats on 0!
The concept of deflation is really a headfuck to people who have spent their entire existence seeing money as a thing that always loses value.
True, but you can’t buy back time and some memories are priceless. Foregoing consumption for too long has diminishing returns too, especially when that consumption is in the form of experiences with loved ones.
Umm, the the Bitcoin price then will also account for FIAT inflation so the $640 dinner then might not be exactly equal to the 20 dinner today.
A jet-ski in your 30's is worth more than a yacht in your 60's
HODL
Think about it like this.
If you believe bitcoin is going to 2 million.
That’s 32x away from where we are now.
So multiply everything you’re spending in the present by 32 to figure out the true cost of things.
That $20 lunch you had? That could have been a $640 dinner in the future.
The reasonable 30k car you bought? That’s a million dollar super car your future self could have driven.
The 100k downpayment you put on your home? That’s a 3.2 million dollar paid off home.
The 5k international vacation you took last year? That was a 160k baller trip you could have taken later.
Food for thought.
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Yeahhhhh buddddd E!
Im right there with you bud. Im 💯 btc with no more fiat
Damn.
Literally just talked about this on the show this morning.
I couldn't agree more.
Do not spend money on things you do not NEED right now.
Because if you're holding bitcoin (and we're correct), you will be able to buy it soon for a much lower price.
HODL
Think about it like this.
If you believe bitcoin is going to 2 million.
That’s 32x away from where we are now.
So multiply everything you’re spending in the present by 32 to figure out the true cost of things.
That $20 lunch you had? That could have been a $640 dinner in the future.
The reasonable 30k car you bought? That’s a million dollar super car your future self could have driven.
The 100k downpayment you put on your home? That’s a 3.2 million dollar paid off home.
The 5k international vacation you took last year? That was a 160k baller trip you could have taken later.
Food for thought.
View quoted note →
I'm never to sure I'll be alive in the future, I 'm guessing I'll still be living to hit 'post' on this note, but maybe lunch might just cost $640 when the future is here and I'll be happy my past 20 doller in btc can still pay for my future lunch. Although I might just have a wagyu steak and some beluga caviar if I'm wrong😎
🎯 Live humbly in the short term so that your children will never be slaves
For the most part I agree with you. A humble childhood like you’re describing is what I experienced and it was wonderful.
Stack harder, time is short
Bitcoin is my religion so i believe
But I want an Oompa Loompa now!
That’s all so fiat bro
I’m thinking in sats
We must have different units of account
🤣
But I do see ur point if your living in fiat NGU land.
Think about it like this
That 3 million sats that your paying for rent this month
That could buy you a 3 million sat house soon
The question is when... What if you die before BTC reaching 2M and you will have lived a frugal life till then?
Oh no I paid 500 dollars to buy an E-sim card via lightning :D
Just waiting to slay 65k again. Eventually 2 million, always the question of when…
Regretting lunch
I'll probably never forget the 1995 Volvo that I paid $30,000 for in 2016.
Now you're telling me it really cost $960,000?
Not gonna lie. Hurts a bit.
The math is actually worse than that friend. You cost yourself 3.8 million.
At least you spent the slave money on something….imagine leaving it in a bank 🤣🤣🤣
Seriously. It’s a tough week explaining to my kids why we’re all skipping breakfast now 😂
Can confirm the kid loves burning marshmallows over a campfire!
precisely this is the shift in perspective that sound money creates
HODL
Think about it like this.
If you believe bitcoin is going to 2 million.
That’s 32x away from where we are now.
So multiply everything you’re spending in the present by 32 to figure out the true cost of things.
That $20 lunch you had? That could have been a $640 dinner in the future.
The reasonable 30k car you bought? That’s a million dollar super car your future self could have driven.
The 100k downpayment you put on your home? That’s a 3.2 million dollar paid off home.
The 5k international vacation you took last year? That was a 160k baller trip you could have taken later.
Food for thought.
View quoted note →
fishing is an easy one. we had a snail race the day. it was great. he even told me about snails in his dreams the next day. so cute.
95 Volvo for $30k in 2016?
850R?
Two million in my lifetime? Maybe. But I can’t have a time preference of zero.
Love this
You also don’t know if you’ll be on the earth long enough to see that happen.
Your time is even scarcer than BTC. So make sure you create the memories with your family & loved ones when you need to. If that means spending some of your Bitcoin sooner rather than later - that’s ok too.
I started hodling a few months ago and it has seriously changed the way I view spending
XC90
Sounds bad I know but did I mention it had a sunroof?
32x?! by when? 2050? that's a long time to hold off on all my spending 🙈😝
Too true. Everyone has to walk their own line between hodling/living and enjoying life.
yes this, but my gf is watching out , that we enjoy enough, greetings from Thailand haha
If you don’t have fiat, you have to spend btc in order to sustain yourself in the present and accept that its future exchange rate will indeed be higher.
Such bearish comments in the replies 🐻
Low time preference is the key to making it with Bitcoin.
View quoted note →Spot on
Sooo we don’t eat?
Everything he was talking about was denominated in government political ponzi units
Try to think in sats instead
I'd like to add that this is not meant to say "don't spend anything! Save everything and never eat out, never buy fun stuff, never go on vacation!" and so on. Instead it's meant to make you be more conservative and delay gratification as long as you deem it reasonable, do I want to spend my money on cheap stuff now or be more patient and have better stuff later?
Because humanity never stops producing more stuff, and Bitcoin will never grow it's capped supply, relative to that capped supply of Bitcoin units the ever growing supply of new stuff gets lower and lower in cost. This is what
@npub15dql...lm5m meant by "It's going up forever Laura!" and what
@Jeff Booth means when he talks about us living in a world of abundance where everything getting cheaper over time.
But do not forget that while our Bitcoin value grows, we're constantly losing time on the slow march towards the end of our time among the living.
We all have to balance whether the enjoyment we get from getting things earlier in our finite lives exceeds the greater value the finite Bitcoin spent on it will grow into.
For example, I have spent the equivalent of about 0.15 ₿ on my collection of physical media since the end of 2023. But I'm spending far less than I would otherwise because I'm also spending a lot of my free time finding the best deals possible, I find it feels like a treasure hunt! Shopping at thrift stores, online eBay resellers for used copies, or sales direct from the manufacturers.
This collection of physical media is more valuable to me than 0.15 ₿ is, because it's engineered fun for myself and my family and friends that I get to own and use without needing permission from anyone else, for the rest of my life.
Maximize your enjoyment of life, Bitcoin is just the greatest tool to do so. Don't HODL forever, but be more conscious in how you spend your savings and future you will be grateful for it.
That's not what us HODLers mean.
Exactly
$2m bearish
This framing is 100% on point. After hitting most of my super aggressive stacking goals, I have started to relax the reigns a bit and enjoy life more. I now have a cushion that I'm the future will be deemed as multi-generational wealth and that gives me a sense of confidence. I still live with a Bitcoin mentality, but realize that just holding forever and never utilizing that wealth is a fool's errand. Life is about the journey just as much as it's about taking care of the future version of yourself.
Experiences are fleeting, but they change you forever. Share experiences with others, invest in yourself and keep stacking.
This is the way.
Transactions one day secure the network. At that point we will all be more conscious of our spending. It needs to be done, but it will be far more strongly considered. The fiat mindset will be forcefully killed, and through that we can have true earned prosperity.
lol I know I’m being conservative to drive the point home.
There’s value in a paid off home. True fuck you money includes a debt free home imo.
So true. Can’t wait.
Btw, you’re following an imposter scammer acct
🧡👊🏻🍻
