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. 1
BTC = 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.Fair enough regarding the differing purchase preferences.
Also, fair enough regarding what wealth thresholds are preferable to be met prior to going on any kind of spending spree.
Surely, with bitcoin's volatility, each of us would need to be careful regarding going into "fuck you" status too early. So we should make sure that we have our bases cover first before we start burning too many bridges in terms of our historical ways that we had been able to make money, presumptively through work.
No matter what these contemplations should not necessarily be framed in terms of all or nothing thinking, because even though there are no certainties in bitcoin, we could still frame our BTC wealth in a kind of minimum expected rate of return. Currently, my thinking is that I can presume that I will not ever have to cash out my BTC below $5k (even though that is not a 100% certainty, it currently remains a base in which I am willing to consider myself likely BTC value and returns over the years to come).
Guys and gal are going to come to differing conclusions about what is their base value and whether they can start to spend some of their value or at least begin to increase their lifestyle a little. So instead of buying 10 year old cars, start buying 3 year old cars and things like that. After a while, there will be weekly steak dinners or some other previously conceived extravagances that are happening on the more regular as the wealth increases or at least getting towards the goal becomes closer and closer and even perhaps reached prior to actually meeting the threshold amount.
I guess what I am trying to say is that there is likely no real black and white, even though I understand the idea of threshold and attempting to make progress towards certain thresholds before getting too wild in terms of spending... so surely we are on a similar page, there.