The value of USD is going down fast against BTC.
What type of person are you?, do you want to be the richest man in the cemetery or do you have plans to enjoy a small portion of your SATS savings?
My plan is to buy a new computer, my old Mac from 2016 is slowly dying...so, my purchase will be a new tool to work and play.
Now that you have more purchasing power, have you treated yourself?
I felt the same way 10 years ago. Paid 100M sats for a mechanical keyboard. It broke after 4 years. Now the same keyboard costs 300k sats (99.7% discount)
I could have changed my "life layout" with those sats if I just held for 10 years. But I chose to change my desk layout for a couple years instead. Spend wisely, stacker.
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0 sats \ 1 reply \ @ek 12 Nov
Why did you use bitcoin and not fiat? I assume it wasn't sold for bitcoin only? Did you just want to try out buying something with bitcoin? And was that most if not all of your stack?
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It was my first purchase using BTC. I wanted to prove to myself that BTC was actually worth something so I saved my sats from mining for several months and spent it all on the keyboard to "treat myself".
I had no appreciation for the economics or game theory, mining was just another way to passively earn dollars for me at that time.
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I need a computer. I'll be buying that but absolutely by putting a small portion of my stack as collateral and getting fiat.
I've some fiat to buy it but I would buy Bitcoin instead and then take a loan and with that money I'll buy it.
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36 sats \ 3 replies \ @nym 13 Nov
You could get a used one and throw Linux on it.
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Yes. This sounds about right. But actually I'm not completely sure if this will be good to invest fiat in Bitcoin and take back loan then with the loan I'll be buying a computer.
I'll do this because assuming that this will make my purchase very cheap in future. Read this comment and had this idea.
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11 sats \ 1 reply \ @nym 13 Nov
That's a good point. There is a lot to be said of delayed-gratification.
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That's why I'm thinking of purchasing it with a loan against precious sats.
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97 sats \ 14 replies \ @ek 12 Nov
I plan to get a private pilot license next year.
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Excellent. That was my ambition when I was young. I took lessons but ran out of money to actually get my ticket. I flew a Piper Cherokee Warrior. It was so much fun just practicing touch and go landings at a little used airport. Still, it's an expensive undertaking unless you plan to make it a career.
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152 sats \ 5 replies \ @ek 12 Nov
That was my ambition when I was young.
My first idea as a child what I want to be when I grow up was to become a rescue helicopter pilot. I wanted to help people but the thought of directly being responsible for the life of someone was too much. Would I be able to handle the pressure? Flying a helicopter seemed more manageable to me than to be a paramedic.1 Then I can just fly the people who actually save lives to where they need to be.
Still, it's an expensive undertaking unless you plan to make it a career.
My dream is to also have a commercial pilot license (CPI) and become a certified flight instructor (CFI) so I can get paid flying by teaching other people how to fly but that's obviously still far away since I don't even have a PPL.
I did have some flying lessons in a glider plane (which got me hooked immediately) but that was a long time ago and I didn't like how much time was spent on the ground vs in the air because it was in a club. Way cheaper but I would gladly pay more money to be done faster (and not have to deal with socializing, ha).

Footnotes

  1. /cc @Public_N_M_E šŸ‘€ ā†©
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I was in my mid 20s and my instructor was a year younger than me. He was this crazy Norwegian guy. We became friends. His goal was to become an Alaskan bush pilot. I didn't hear from him for a while, and then he sent me a postcard from Alaska. Never heard from him again.
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You're citing me but I don't remember what for šŸ¤£šŸ¤£ but yes...exactly this, I 100% understand this mentality.
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25 sats \ 2 replies \ @ek 12 Nov
šŸ‘€ cited you because of this:
Flying a helicopter seemed more manageable to me than to be a paramedic.
I 100% understand this mentality.
which mentality? šŸ‘€
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Oh, I thought that sounded like something I'd have said, but I couldn't recall in what context.
The mentality of wanting to help others and finding a way in which you can achieve that, even if you are not directly involved and are only an ancillary piece to their recovery. "Then I can just fly the people who actually save lives to where they need to be." That mentality really resonated with me. I may not have the skills to save someone's life... But if I could learn the skills to get someone who could to where they needed to be. Then in some way, I'd have helped. That really resonated with me.
Part of me for a long time wanted to change lanes and go into physical therapy and help athletes return to tier 1 shape and capabilities. I'm never going to win a superbowl... But I could be a small part of someone else's story who could, and that would be something to be proud of.
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25 sats \ 0 replies \ @ek 12 Nov
But I could be a small part of someone else's story who could, and that would be something to be proud of.
šŸ’Æ
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Have the time to devote to it. If you can fly at least 3x per week, you will do it in fewer hours (and it will be a lot cheaper) than only doing 1 lesson/wk
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5 sats \ 0 replies \ @ek 12 Nov
Good point. Do you have a pilot license?
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Get after it ek šŸ’ŖšŸ’ŖšŸ’Ŗ
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Don't get too carried away, it could cost you your life. If you have leaded teeth, be prepared to removed them. Ahahah!
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36 sats \ 2 replies \ @ek 12 Nov
What do you mean with "don't get too carried away?" Don't get too carried away with what?
If you have leaded teeth, be prepared to removed them.
Interesting, I already did my medical a while ago (might have to redo it) and I think this wasn't mentioned. This might only apply to commercial pilots.
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I was referring to the pilot's license. I know it's challenging and it's many people's dream, but it scares me to know that the slightest mistake can result in death.
This might only apply to commercial pilots.
Maybe that's the way it is.
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38 sats \ 0 replies \ @ek 12 Nov
the slightest mistake can result in death.
I don't think that's true, you can even get into a spin and recover as long as you don't panic and have enough altitude. It's just a matter of training. I think it can be as safe as driving a car. Maybe even safer since there aren't as many other idiots in the air that can kill you, haha
For example, in this video, you can see all he needs to do is to push the rudder with his feet to recover from the spin, no hands needed:
Also, don't forget that planes can glide. Even helicopters can glide via autorotation.
I have to admit though, that last "push" sounded a little concerned from the CFI though haha
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You have a fiat mentality. WRONG.
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I'm sure you will be one of the richest person in the cemetery.
I prefer to enjoy a little bit my life.
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14 sats \ 0 replies \ @OT 12 Nov
Nah... I probably need another full cycle. Besides, I don't want to spoil my kids.
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I am planning to buy a one year subscription to Kagi, the search engine. But I would have subscribed whatever the price is, I was just waiting for a discount.
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Totally worth it
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Hell yeah I treated myself! I went out for a long ass walk, did my pushups and got ahold of a pull-up bar as well (winning!), got a lovely coffee, some Sun, and a big smile from a gorgeous girl, listened to the birds sing, touched some grass, smoked some grass and had a lovely steak to top all it off. A couple of photos from today: #764451
However, keep in mind that I do my best treat myself this way from time to time whatever the sats per dollar measurement is.
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Just prudently borrow against your stack so you don't have to sell now and regret it later.
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I think the same as you, saving and spending is what should be done, in the end Bitcoin should also be used as a currency, it should be spent and bought again and so that is what is part of being strong money.
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Sir, if I had bought bitcoin instead of building a PC mid-year, I could have 2 PCs right now.
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If you need a new PC and you don't have fiat to spend, I agree with you. You can use your sats, but if you have fiat to spend, why should you spend your sats?
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Will making this expense/investment make you get rid of all your sats? or does it only mean a small percentage of your reserve?
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So true, it's time to spend a little bit.
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Not now I don't have enough sats to but pc šŸ’» yet I need to use my old pc
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