Deep but true, when you check out the exotic cars surrounding the loser 🤷
Except it's probably the opposite, hodlers are likely driving cheap clunkers.
Exactly... A true HoDLer would never waste her precious BTC on a depreciating pile of metal parts.
Well, once he gets one or two magnitudes higher than fuck you status there might be a wee bit of a different game going on in terms of whether the HODLer feels that he can sell his bitcoin as fast as they appreciate in value...
Otherwise I agree that a certain level of cushion may well be necessary to achieve first (before starting to overly consume).... ..
If you think about it, reaching two magnitudes is pretty damned high, .. so for example, if entry-level fuck you status is $2 million, then two magnitudes would be $200 million.. ..
Of course, there might be some need to spread the one order of magnitude and then the two orders of magnitude over a couple of cycles, rather than over one cycle. In 2013, there were two orders of magnitude of value appreciation over one cycle but then a correction back down that made it more than one order of magnitude, and in 2017, there was close to two orders of magnitude, but not quite and of course a correction back down to make it really one order of magnitude. Then so far in this cycle, we could argue that we are teetering on one order of magnitude.. if we take approximately $4,200 in April 2019 as our jumping off point. My point then becomes that the orders of magnitude may well need to be measured over a couple of cycles, but at some point fuck you status might clearly be reached and then at another point if there are a couple of magnitudes above fuck you status, there is a lot of cushion (aka excess value causing some of the frugality to be potentially tempered).
Getting back to $2 million fuck you status starting out point, then two orders of magnitude to $200 million is a whole hell of a lot of extra cash (value) that can be used beyond personal goals without really even coming close to putting a dent in the cushion that exists in terms of the personal goals, even if the personal goal of fuck you status was subsequently doubled (to $4million) or quadrupled ($8 million)..
There might be other cushions that exist too, in terms of measuring the actual value of the portfolio such as measuring wealth from the 208-week moving average or from the 104-week moving average that causes even more justification (cushion) to not have any need to compare if the t-bones were to cost $7 per pound, $16 per pound or $100 per pound... and maybe just buy because there is a desire to eat of t-bones... and food has moved from 10% of the monthly budget down to less than .1%, so if there are expenses that cause that portion of the budget to go to 1%, then that still is less than the amount (such as 10%) previously spent.
Similar could be happening with lodging.. It can be like holy fuck to look at some of the costs of lodging, depending on location, but if the level of wealth went up a couple of magnitudes, then paying way more might not sting as badly... so let's say lodging used to cost $3k per month, but whether renting or upgrading, there could be some changes, and sure, those people already locked into an arrangement might not suffer very high differences in prices in the beginning, but if the rents went up double or triple, then sooner or later the landlord will be raising rents, and there also might be some realization that the property values are up too.. so maybe the rent becomes $10k or more per month, but if the value of wealth went up from $2 million to $200 million, there might be an ability to shake that water off of the duckies back. .. and even to over-consume housing property (rentals or purchases).
Same would be true with transportation.. regular car, luxury car, or even a highly-depreciating luxury car with little utility beyond status or symbolic.
I am not even suggesting that there would be no cognizance of a budget, but just suggesting that the cushion becomes so great that there is just a lot of excess.. and sure my 0.21BTC-ish is not really exactly what I am referring to - but still.
[edited out]
Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.
Of course you did not. That may well mean that you did not have $10 per week for the past 7 years either..
sucks to be you.
Maybe you would have needed to reduce your amount to $1 per week then? Poor lil fella... who happens to contradict his lil selfie..
Cannot figure out how to garner up $1 per day or $1 per week, then you probably are going to have to have fun staying poor.
Hard to believe your plea of poverty statements that contradict prior statements, even though for sure you have been begging (with incredulity) for a decently-long time.
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