I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/
[...]
Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.
Funny, those are the first things I would skip to not have to spend my bitcoins.
Meh, I do understand P_shep, if some things can bring joy in your life then you gotta do some of those things.....
I feel a little bit badly, because similar to Jimbo, I am likely transitioning more into a kind of liquidation phase of my life, but that should not signify that I do not understand the trade offs that take place when guys (and gal) are in an accumulation phase.
Accordingly, I doubt that it is a good mindset to get into comforts of consumption and asserting that bitcoin has allowed you to consume more, especially if you are exercising that consumption and taking those rewards in such a way that is robbing from your future self.
Yeah, do whatever you want, it is your choice and your life, but I really doubt that I would be anywhere near as comfortable as I am today financially (which also gives psychological benefits, too) if I had been overly rewarding myself along the way. Sure, there are ways to be frugal with your consumption and still live it up in various ways, but until guys and gal establish means in which they do NOT have to draw from their BTC in order to consume or NOT able to time their consumption towards ensuring that they are ONLY cashing out during times in which the BTC price is at high points rather than stripping themselves of their BTC stash, there should remain efforts to assess if guys (and gal) are still largely still building their BTC stash, especially during what they would be considering their accumulation phase.. and within parameters of their stash targets.
Sure, when I got into BTC in late 2013, I was likely advantaged in several ways because I already had a decent amount of capital that I could move from other investments into bitcoin, but I still wanted to attempt to control my entrance into bitcoin.
I created some BTC accumulation targets for myself, and I had some FOMO feelings, too, and I was kind of feeling stress that I was NOT going to be able to meet my own BTC accumulation targets... because the way that BTC prices were kind of staying high, so yeah, I welcomed dips and continued to buy, and some people would accuse me of being dumb because I was buying BTC all along the way through the whole 2014 downtrend, rather than waiting for the BTC price to go down (which was far from certain in my thinking and so in some sense I had to hold myself back from blowing all my allocated wadd of fiat too soon in terms of my ongoing purchasing of BTC and to continue to pace myself throughout).
There is a certain amount of artificiality in a lot of these considerations about goals of how many BTC is wanted or how many dollars should be spent and blah blah blah because sometimes my goals would be established in terms of quantity of BTC that I artificially thought that would be good to have, but then there was also some measurings in terms of the dollar value, which was kind of strange too, in a kind of juggling sense. So, everyone likely can appreciate what was happening to me during the 2014 and 2015 period, there was some perception of the amount of BTC was surely going up, but the dollar value was going down and not even close to the value of what I had put in... sure other guys have talked plenty about that, too.
Even after I had felt that I had largely accumulated enough BTC in late 2014 and reached my goals (as my goals had gone up, too), I still could not feel comfortable spending BTC through the vast majority of 2015 or 2016, even though my BTC holdings had largely gone into profits territory.. so yeah, there was a bit more comfort the more that the holdings were in profits, to shave a bit off here or there and even reconsideration that I had already largely met my goals by late 2014, anyhow, so based on my having had really overinvested by continuing to DCA through 2015 and 2016, it was not like I was feeling like I had any shortage of BTC... in terms of considering my initial goals.. and then the subsequent price movements of BTC greatly going beyond the most bullish of expectations.
Accordingly, I might feel some guilt in some sense that I have no really druthers about shaving some BTC off here or there and even living it up from BTC, to the extent that I want to, yet I doubt that I could have reached such a status in my 20s or 30s because there is almost no way that I would have had enough capital to have been able to reach such a comfort levels, and surely my amount of leveraging, in any situation would have been limited, and even with decent leveraging, it would have been quite difficult to reach real comfort levels in terms of feeling that I had accumulated enough in order to transition into consumption with my BTC.. and then regretting the consumption later, anyhow, I am going to stop for now, since I might
(perhaps?) be getting a bit repetitive here anyhow.. not that it matters, too much...
You should start offering some paid financial/investment advice ASAP.
