Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlcoHoDL
on 23/06/2019, 15:17:30 UTC

1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?
Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

Your analysis sounds quite reasonable to me, provided one really, really wants a Lambo (as in "my dream is to own a Lambo"). I never liked sports cars, so no Lambo for me... But a Tesla? Yes! And cheaper, too.

In any case, I'd suggest that spending BTC should be carefully thought out, and must commence when one reaches his/her target wealth. Any earlier use of BTC for purchasing stuff will only delay the attainment of said target. The earlier you spend BTC, the later you'll reach your target.

Good things come to those who wait.
HoDL.