I often hear Bitcoiners talk about having low time preference or delaying gratification by cutting back on their personal spending to buy more Bitcoin.
This is admirable in many cases, but I’d love to hear other ways in which Bitcoin has caused you to lower your time preference or defer gratification in other aspects of your life.
agree with the point about biking… i recently got my first adult bike and am amazed at how far i can travel on it… in the city it’s almost as fast as driving too.
Thanks for introducing me to Bitcoinorshit just now. As the owner of a Playstation Vita, this one hurt 😞
https://i.gyazo.com/61efdf7e7c7db8a22b9c65f95f068133.png
Oof
love it, i also started cutting my own hair during covid and haven’t looked back since… it’s definitely a money saver, but it’s also a big time saver.
I'm at that age where people start to "settle down" and buy a house, but knowing what I know about Bitcoin I cannot bring myself to liquidate some of my stash for the deposit. I'd rather hold more corn.
I'd be interested to know where other Bitcoiners fall on the rent vs. buy debacle. I suspect it tilts more towards rent. My own reasoning is that a) Lump-sum deposits on average will leave you with less BTC than the "DCA" of rent, b) Real estate is vastly overvalued due to its SoV quality which Bitcoin will eat into eventually and c) Holding a shitload of BTC offers you greater freedom than owning a house, as the latter can be seized by your government or devalued by ruining the surrounding neighbourhood.
I think your points are right. But nevertheless, it's impossible to say if getting a mortgage is the right choice or not without having specific details on the mortgage conditions.
If you get a great offer with a dramatically low interest rate and perhaps it's fixed, it might make sense to go for it even though real state is a shitcoin.
This calls for a nice spreadsheet comparing both options.
i agree with all 3 of your points and i also arrived at the same decision to rent indefinitely.
If you have a family, buy a house. Its totally worth it
Started to dive into bitcoin during the late autumn of 2019, April 2020 buddy of mine advised to buy bitcoin. I listened, kept working and forgot about it, started to listen again to people talking about it. Was quite moved by the ideology of the community, it made me re-analyse and question everything I was doing in life, this transcribed with me quitting my job to focus on my family and health and I haven't looked back.
Yes start talking, I wanna know as well.