philipma1957
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December 10, 2023, 04:22:45 PM |
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buddy is a bit tired from the 35k to 45k move.
he is relaxing this weekend.
I see a nice move the next work week.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 10, 2023, 04:31:49 PM Last edit: December 10, 2023, 06:39:18 PM by JayJuanGee |
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ChartBuddy's 24 hour Wall Observation recap . .That 24 hour review does end un highlighting the poofed-ness of that wall, and such poofed-ness might cause some of us to wonder whether it is going to come back or not. That is one of the interesting things about actually noticing walls, and wondering if they serve some kind of a purpose, and sometimes they will also move quite a bit, and it can be a kind of demonstration that some entity either has coins to sell (on the ask side) or money to buy BTC (on the buy side), and surely one of our favorites do play out if the walls are eaten rather than moved around and there have actually been some times in which walls were eaten really quickly, which will sometimes cause some of us to speculate that maybe the bluff (or the play) did not end up working out as planned. . but that it is one of the risks that any whale takes when s/he might be trying to keep the price within a range, and the play does not end up working out.. getting back to the idea of fake walls versus real walls, and it is difficult for anyone (outside of the person who put it up) to really know if the wall is real or fake.. we can ONLY infer. Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
This is a nice description of some of the trade-offs that many of us make, and I personally believe that if you have built a life-time and a habit of living within budgets, you should be able to determine at what points you are able to both increase your spending and to justify increasing your spending. Surely there can be questions regarding whether you are still in a stage in which you are trying to grow your investment size (so you have a cushion or whatever) or if you might be in a maintenance stage or a liquidation stage. Many of us longer term bitcoiners likely realize that even if we start to spend more and more of our bitcoin, we are likely not going to go into heavy liquidation stages, unless we are either coming close to our death (and we are not planning to pass our bitcoin down) or we are facing some kind of a life-threatening (and maybe black swan?) kind of emergency... In other words, there is likely no better place to keep and to maintain your value aside from keeping most of it in bitcoin, even if you may well be getting into a practice of shaving off value from your BTC from time to time. In other words, maybe there would be a lot of us who might feel that we have built up decently-sized BTC stashes to start to spend from a variety of other resources before we even start to dig into our bitcoin stash... surely we can play some of the price waves a bit, but still it seems difficult to justify playing the price waves with very large portions of our stash.. even as tempting as it might be sometimes. Maybe LFC could chime in here.. surely he was saying that he ended up playing around 25% of his BTC stash and even if he did not end up getting the top and the bottom exactly right, it might be quite difficult to not get stressed when we are playing around with those kinds of levels of our BTC stash, even if the whole thing does end up playing out in a mostly positive way. Another example of a famous person who played the BTC wave quite well is Preston Pysh. He has frequently told the story regarding how he got into bitcoin sometime before the 2017 BTC price rise and he ended up selling all of his BTC towards the top and then buying back, so he ended up playing that price wave quite successfully.. .but at the same time, he has subsequently been saying that he is never going to try to play BTC that way again, and part of his rationale is that he currently knows the value of BTC and at the time that he made that earlier trade, he did not know BTC well enough in order to know the risks that he was taking.. so he attributes his success on that trade to be lucky rather than smart. [edited out]
You won’t take all your money to your grave, so I advise you to spend a little on yourself at least once. UnDerDoG81 already said that he is living in a kind of luxury while still maintaining a budget. So I don't see that there is any vacuum (or suffering) as you seem to be implying, even though surely sometimes it is can be quite satisfying to splurge a bit. In my own life, I can see over the years ongoing increases in the amount that I spend, even though I had always been conceiving myself as being on a budget, at least in terms of making sure that I am mostly spending less than I make and even having around a minimum cushion of 10% in order to invest, and surely sometimes I even invested more than the 10%, but then after a while the amount that your investment is growing becomes more than the amount that you are spending, so sometimes you can get to a place in which you have to figure out more and more ways to spend more. I am not going to claim to know exactly where that place is, but sometimes even if you might have been on a budget of $60k per year for example (which would be potentially comfortable but not overly luxurious), yet if your income (cashflow) is showing that you could easily spend $100k per year and still have $10k to $20k left over, then maybe you could increase to $80k per year prior to moving to $100k per year and you might not even need to max out, if you are still worried that you might not be growing (or providing a sufficient enough cushion for your future income).
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d_eddie
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December 10, 2023, 04:38:13 PM |
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The great Italian director Federico Fellini has a stoning of a woman scene. It is a perfect work around for
"He who is without sin cast the first stone?" {credited to Jesus}
In the Roman Catholic religion you are born with original sin it need to be washed away by baptism.
So you get baptized and are sinless. Next rule you are too young and stupid til you are 7 years old so you are incapable of sin.
So in Fellini's movie the town wants to stone a woman to death.
They give a rock to a 5 year old boy and he already knows to cast the stone .
So the town followed Jesus's rule "He who is without sin cast the first stone?"
10 or twenty people stone the woman.
Which movie is it?
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ChartBuddy
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December 10, 2023, 05:01:15 PM |
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ChartBuddy
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December 10, 2023, 06:03:27 PM |
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JimboToronto
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Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
I subscribe to semi-austerity. No Lambos, yachts or fancy restaurant meals. We buy as much of our costlier foods (meats, cheeses, etc) when they go on sale and keep a well stocked freezer. We get our fresh fruits and vegetables from local family greengrocers and cook everything from raw to eat at home. We do however pay to get dry aged AAAA Prime steaks from a local high-end butcher shop. We get our burger freshly ground from pieces of beef and pork I personally select at a lower-cost family butcher shop. No scraps. The one exception we make is prime rib roast. To make really good prime rib you need not only the finest beef but also it must be the entire standing rib. None of our ovens are large enough. Also I prefer extra rare while my wife insists on well-done. That means we go out to a restaurant that is the flagship location of a chain of steakhouses and gets the best meat. Even that's for special occasions. I wear mostly second-hand clothing. Why pay $100 for a pair of Levis when I can get an almost-new pair for $12-$15? I buy only high-end boots but only at discount prices. I don't drive a car so the only vehicles I own are my ATVs. My workhorse, a four-seat John Deere Gator with all the top-end options, I bought with Bitcoin near the top of the market. The price was based on a dollar value of less than half price even though it had only a few kilometers on it. It was in such great condition that most people upon first seeing it assume it's brand-new. Our only boat is a pedal boat. No motors on our pristine lake. We try to fly at the cheapest times and on the cheapest airlines, always economy class. When we stay in Playa del Carmen, we stay in a small family-owned hotel where we can get a spacious room with a small kitchen and dinette for $25USD per night, and cook our own meals. Most of the bitcoins I've sold have gone into real estate and I consider that to be just a diversification of investments. No need to splurge and act like a high-roller when that really means just being another consumerist sucker.
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OutOfMemory
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December 10, 2023, 06:14:57 PM Merited by JayJuanGee (1) |
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Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
If you want (or buy) is what you (really) need, i don't see much of a failure. Just because it's money, doesn't mean it has to be spent for things you don't need just because you can. Maybe the lambo and yacht people are just bored with their lives and try to compensate for it through luxury goods and lifestyles. Don't get me wrong, i don't have a problem how others spend their wealth, as long as they don't want to put themselves on top of others, feel more important or valuable through showing their richness. In the end, most of all stuff we do or buy, we expect to make us feel better, feel alive. When you think twice, the little things and relations are what serve this purpose the best, imo. There are whole industries telling us every day what makes us feel good or valuable, but again, if you already know how to get there, you don't need all these things they want to seduce us to throw our money at. Sorry for my awkward semantics, i had an exhausting day today. I think most of you understand, though.
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Biodom
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December 10, 2023, 06:24:54 PM Last edit: December 10, 2023, 06:38:37 PM by Biodom Merited by vapourminer (1), JayJuanGee (1) |
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Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
For me, both "yes" and "no". I still live like a middle class, but with 'upgrades': take an extra trip to an interesting place at least once, maybe twice, in 12 mo, upgraded (renovated) the house, etc. Still fly economy class, but at some point would upgrade too 'cause sitting on those tiny seats in Transatlantic flight, being surrounded by heavy people, is rough. At some point (if and when btc goes to millions), peeps, including myself, would probably need to upgrade the lifestyle...or it will come 'naturally": your wife will leave you (and take her 50%) is you would force her to live frugally when she knows that you have the resources, it is as simple as this. You can still have a relative balance: not buying multiple residences, but just buying nice clothes and jewelry for her/him. BTW, nice clothes are ALWAYS better than cheap ones. I bought an expensive leather jacket a few decades ago, and it is as good many years later. I subscribe to semi-austerity. No Lambos, yachts or fancy restaurant meals.
Most of the bitcoins I've sold have gone into real estate and I consider that to be just a diversification of investments.
No need to splurge and act like a high-roller when that really means just being another consumerist sucker.
I guess to me buying unneeded RE is being what you described, but to each their own. Habits differ. People here are buying expensive boots...which I never understood, but it is interesting. I would definitely splurge on a car in the future, just to try several brands over my life..used to drive bland cars, now a "muscular' car, then maybe some vroom vroom car (when btc is at a cool million) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . The main idea is not to change who you are very much, but enjoy the journey.
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WatChe
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December 10, 2023, 06:27:21 PM |
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buddy is a bit tired from the 35k to 45k move.
he is relaxing this weekend.
I see a nice move the next work week.
I think buddy is the only one who works 24/7/365 and never takes break just like Bitcoin ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Hopefully we will see 50k next week. Have a nice week ahead.
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OutOfMemory
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December 10, 2023, 06:28:55 PM |
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BTW, nice clothes are ALWAYS better than cheap one's. I bought an expensive leather jacket a few decades ago, and is as good many years later.
Also more durable/sustainable, when properly handled. In the end, quality wear often induces less cost, over time. EDIT: I just remembered me buying a 10-pack of cheap t-shirts on amazon, two years ago. One wash later and they were like half sized. I gave em to my kids, not a single one lasted longer than a few washes, mainly because of the poor stitching.
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Biodom
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One interesting extra point about bitcoin and lifestyle. Since owning bitcoin gives you no direct cash flow, in order to spend, you would need to sell bitcoin, which many bitcoiners find at least in part objectionable, 'cause "number is going up". Personally, I am not sure how to deal with this: so far, I was selling very infrequently, then mostly re-investing in various assets.
There is also a difference between people who are still working (steady paycheck) and those on a fixed income (pension, social security, etc). Right now, $1 mil in money market fund gives you 53K in interest yearly, so $2 mil would finance a middle class lifestyle (a bit more than $100K/year in interest) in most of US (not in SanFran or NY) without even a need for pension or social security (or they would come as a nice bonus). It is unclear how long will this situation continue, though.
There are some interesting places on the web to read about various ways to be retired with money: i sometimes lurk on the reddit.com/r/FIRE....a bit of snobbish attitude, but also quite interesting. One point I read there: if you are working at a job you don't particularly like and your investment exceeds you work salary for many decades, like 30-100 years, then quit and retire to what you really like. Chances are, you would make even more money with your stash and will be free at the same time. Personally, this is not for me since I still enjoy working, but for many people, that's the "ticket".
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ChartBuddy
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December 10, 2023, 07:01:16 PM |
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modrobert
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December 10, 2023, 07:07:02 PM |
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I like seeing Bitcoin on the rise, but have this eerie feeling it will not mean much by the time it really takes off (hopefully wrong about that). No need to splurge and act like a high-roller when that really means just being another consumerist sucker.
Yes, and it's even worse when not enjoying spending, turning into a jaded consumerist. Remind me why we do this again?
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SamReomo
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December 10, 2023, 07:16:53 PM |
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Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
Why don't you move to a better place where things are much cheaper and the rent doesn't cost you 700 euros per month? In many countries people live for less then $200 per month and that life isn't just simple living but fully enjoyable living for that amount. I know in many places the rent for a whole house if around $100 to $150 per month where you can get 2 bed rooms and 2 bathrooms plus a 1000 sq ft area. If you purpose is to save money then my suggestion would help you better but if your purpose is to save your money and not utilize your Bitcoin earned wealth then you might do whatever suits you better. We have got this life for one time only and we must have to enjoy it fully. We won't return to planet Earth after departure so it's not really needed to live below average life when you have the money that you can spend to acquire things that make your life more enjoyable. I won't say that it's fair to waste money but utilizing money is needed sometimes in order to have pure happiness in our lives.
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AlcoHoDL
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December 10, 2023, 07:26:47 PM |
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AYH attained. Everything's green on my screen. Q1 should be fun.
Chopper's rising high, Soon to reach $70k. Elon's rocket next?
Buffett said it best: Getting richer while you sleep. Living while awake.
Pre-Halving action: ETF, then God candle. Then Halving top-up.
First they ignore you, Then price gets to 6 digits, Then you get the calls...
No coincidence, That "religion" and "prison", Rhyme well together...
Not much else to say... Even with a U-shaped dick, A coiner life's good!
#7wodigestsundayhaikus
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vapourminer
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what is this "brake pedal" you speak of?
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December 10, 2023, 07:31:39 PM |
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BTW, nice clothes are ALWAYS better than cheap one's. I bought an expensive leather jacket a few decades ago, and is as good many years later.
Also more durable/sustainable, when properly handled. In the end, quality wear often induces less cost, over time. EDIT: I just remembered me buying a 10-pack of cheap t-shirts on amazon, two years ago. One wash later and they were like half sized. I gave em to my kids, not a single one lasted longer than a few washes, mainly because of the poor stitching. i have a charlie daniels band tshirt i bought in the 1980s that i can still wear edit yes its been washed lol
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vroom
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December 10, 2023, 07:34:38 PM |
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ChartBuddy
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December 10, 2023, 08:03:24 PM |
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Hueristic
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December 10, 2023, 08:37:18 PM |
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Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
Freedom is what counts, NGU is a side effect that gives you the toys but you lose a bit of freedom with every toy you buy. For what it's worth, my experience with people of faith (mainly Christians, bus some from other religions), has been pretty negative, on average. I find many of them to be among the most aggressive, intolerant, arrogant, stubborn, closed-minded, bitter, toxic individuals I've ever met. For me, the fact that someone is deeply religious is a pretty accurate predictor of one or more of the above traits. There are exceptions, of course, but the norm seems to be like that.
It's sad, really... I wouldn't wish it on anybody.
You forgot they are the biggest hypocrites that walk the face of this planet.
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