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I've been very frugal these past couple of years for obvious reasons.
Whenever it occurs to me I need to buy something, I stop and reflect: If I wait a month or two, I can buy it more cheaply. For example, I need a couple of wooden fence panels on my property replaced, but why buy them now if I can wait a bit and buy them for half or a quarter of the price? So I come up with makeshift solutions to keep them going for a bit longer.
But I'm tired of this and looking forward to the unfolding of the bull, so I can finally take a breather, buy something nice to eat, maybe go on vacation etc. without feeling that 'fiat wh*re' guilt that the Bitcoin / Austrian / low time preference maxis have instilled in me (as grateful as I am for it).
My neighbour next door did his kitchen up recently, which made me realize how lacking his awareness was of what's going on in the world. It must have cost him 15M sats' worth. I couldn't help but wonder Why now??? It can easily wait! but I didn't say anything. I don't want him to know I know better than to incur a postponable expense in early 2024; I'd have come across as a looney and it would have been bad opsec.
At the same time I realize this is timing the market, which goes against the whole point of Bitcoin, but these sacrifices are my repentance for being relatively late (and shitcoining in my earlier days) I'm happy to make to catch up by that little bit.
20 sats \ 3 replies \ @OT 29 Feb
I also have a similar problem. It's hard to spend sats as we generally know how much they're really worth.
I have bought a few small things, but its more planned and executed (not spontaneous). It is something I'll have to get used to over the years as it's not going back to fiat.
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There needs to be a balance, and it's all too easy to take it too far and sacrifice health for example. Or social interactions.
I'm not going back to fiat either, but
:)
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Ramen is bad for your health. Health determines how long you live. How long you get to live is a commodity scarcer than Bitcoin. Time I get to live is worth more than Bitcoin.
Eat a steak.
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“Well done, anon. You finally stacked 1 bitcoin.”
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Embrace the suck. The benefits will be grand and you’ll know when to take your stand!
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The real unlock will be when there are good options to use your bitcoin stack as collateral to borrow fiat to finance the lifestyle you want.
I am not suggesting you never sell a sat but you probably don't want to try to time the market and get out at the top hoping to buy again during the next bear market. The end goal of each cycle should be to have more sats then you had last cycle and then to arbitrage the fiat melting ice cube as your stack grows.
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I'm not timing the market trying to sell at the top. It's more about: what percentage of my disposable income should I put into stacking vs enjoying life. Different market stages (bear vs bull) have different answers and if I get it wrong, I'm not losing sats, I'm just stacking less and living more instead.
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Gotcha. My mistake.
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why do you imply there aren't good options for it already?
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I shouldn't have implied that. I have not done enough research on all available options to assert that there are no good options.
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Patience or sacrifice is not infinite for anyone
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Sounds like a horrible way to live.
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The fatigue comes only from fiat mindset.
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