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10 sats \ 5 replies \ @Fabs 4 Apr freebie \ on: My Speculative Fiat Attack Fantasy is Over! bitcoin
You went into debt to buy bitcoin? Can't you just pay the outstanding debt with future gains?
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0 sats \ 4 replies \ @OgFOMK OP 4 Apr
I was already in debt and I thought I was smart so I increased that debt but I did not fully keep score and I became reckless. So, no I could not outspend and not would I want to. I foolishly invested my Bitcoin in other things that did not work out and I also ended up wasting FIAT instead of conservatively dollar cost averaging.
That was my epiphany of understanding that if 1 Bitcoin could buy $1,000,000 USD THAT WOULD NOT BE ENOUGH because maybe a car costs 1,000,000 USD.
It's all about balance. That's the beauty of GnuCash, anyway, is being able to see the big picture.
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10 sats \ 3 replies \ @Fabs 4 Apr
Hm, and now you're practically waiting to break-even on it, for which Bitcoin would have to reach astronomical prices? That absolutely sucks squared.
Care to share what you invested your bitcoin in?
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0 sats \ 2 replies \ @OgFOMK OP 4 Apr
I tried to do mining via a mining retailer. I bought two miners and the facility didn't pan out. To make a long story short. I would have done better to save my Bitcoin and just stack.
I was given the option to sell my miners back but Bitcoin doubled in value so I was only given the Fiat Price!
Also getting hyped up on the purchase and neglecting my regular needs...
Then, to be honest, giving up and not caring but making worse decisions based on emotions and not data!
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10 sats \ 1 reply \ @Fabs 4 Apr
Hm, clear. Thanks. I hope you can get back on your feet faster than you expect!
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0 sats \ 0 replies \ @OgFOMK OP 4 Apr
Thank you, brother. I feel good about seeing things as they are. I'm very frugal with my spending and I can see a good outcome. I still have much to learn.
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