t is the ultimate marshmallow challenge. Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.
For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.
That is where the real crux is, in my opinion. Where that point is for each whale/minnow.
You sir, are very wise.
Anyone not following a similar recommendation/approach is going to end up with massive regrets before they die.
I see so many here joking about blowing their bitcoin "winnings" on fancy cars, frivolous shit and such, and inwardly I know some of them aren't really joking.
You know what they say ‘Youth is wasted on the young’ by the time we have the mental clarity to appreciate our actions and the long term effect they have on our lives we already missed those opportunities and they are way behind us.
It is natural to be excited about bitcoin and its potential and to want to have an endless party with our earnings when we are young but it is only when you are older when you realize that such thing is simply not worth it, one of those frivolous things are fancy cars, lambos as the community call them, even if they have no intention to buy specifically a Lamborghini, but why do we need one? Who are we trying to impress? It is way better to not focus ourselves in medium maximization and to focus on how we can use that medium to actually achieve happiness.