Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...
I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing? and you also did it at a kind of weird time in terms of when you got your Tesla, no? or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.
There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo
I think this balance is so important. I have thought a lot about what I will leave my kids. And to be honest one thing I am afraid of is just handing them more money than they could ever spend, and possibly ruining their lives by doing so.
This is as compelling a reason to enjoy the fruits of my risk even when it might not be "the best time". I have several times told the story of buying my wife an I a trip for an anniversary. A week on an island cost an amount that would equal a really nice car TODAY. And I expect that sometime in the next few years the expense will be a significant percentage of a house on that same island.
And my smart wife asked why we were going to do that. My answer was simple. We had lived through thick and thin with this stuff, and there are two basic outcomes if we spend a little now:
1. Bitcoin goes up so much tat our trip will have cost a car or house worth of money in the not so distant future.
But this is a 'problem' we most certainly WANT to have!2. Something unexpected makes Bitcoin not work, and eventually what we have is worth very little...
Well, we got a week in paradise out of it at least!
Win/Win. And at least 'till now it's turning out to be #1. And I do not regret it one bit.
We die. And random ass shit can take us out. And a bunch of 256 bit number are not going to mean ANYTHING after we are gone. And like I said, though I want to bless my kiddos I don't want to make life so easy they drown in it.
I *WILL* be buying my Lambo, or Ducati, or East TX ranch, or island house (it's that last one, by the way...), and it will be filled with the finest wine, and whisky, good food, and whatever accoutrements my wife wants. And maybe one day Strawbs will come over and drink some of that whisky and look at the sunset. Maybe others of you can come for a visit too!
And it's not going to be that far in the future either... Many of us have been at this for over a decade. There is NOTHING wrong with enjoying the spoils. Just as there is nothing wrong with living simply and dying rich if you want to. But I'll be doing the former.
*EDIT* The Dude said the same thing, but with much greater economy of words.
We save BTC to be financial free…
Which is; providing us some tools which makes us happy….
Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…
The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….
I know my choice.
Seems that bitcoin provides an opportunity that you are likely to be able to have both...
Remember?
Why not both?
Now if you try to cash out way too much too soon, then you will never be able to build up enough principle.
But getting through a whole cycle provides quite a bit of freedom and options, and getting through a couple of cycles provides more freedoms... especially if you maintained some semblance of management over your BTC stash..and sure a bit of front-loading at various points early on or just aggressively DCA'ing has historically been helpful to provide more options later, too..
I am not a very BIG prescriber to valuing your BTC in terms of what it ended up being valued at later (like complaining that you spent too many BTC blah blah blah), because you did have the choice to splurge by using your BTC or by using lesser forms of value such as fiat and/or even to spend and replace portions of your BTC so that you were not necessarily spending your BTC at a bottom of a correction, without mitigating some of the impact on your total investing/savings preferences.
