Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm selling almost every day (DCA) to pay for our lake.
We started with regular cars, then lambos, now ranches and lakes...soon whole building blocks and/or villages, then islands, maybe asteroids, planets, stars, etc
You missed out my favourite from the list I'm looking forward to most; the gentlemen's club.
What is this, GTA?
I was careful enough not to reveal specific amounts, but yeah, shopping takes a whole new meaning for a Bitcoin HoDLer. I just buy what I want. I don't look at prices. I'm not talking about extravagant stuff, but before Bitcoin I used to check the prices to be sure I'm in my budget. Not anymore. The good thing is that I'm not into luxurious (read: expensive) stuff, so anything I need is now well within my reach. That's what I meant by "peace of mind" in my earlier post.
The only thing missing (apart from the pump to $1M) is being able to buy stuff directly with Bitcoin.
The only thing missing (apart from the pump to $1M) is being able to buy stuff directly with Bitcoin.
Always a little wary as not caring about the price of things is how so many with new-found wealth lose everything. A jetski here, a Merc for your friend(s) there and soon, your accountant is telling you some bad news. It's good to stay grounded but on the other hand, I could probably be spending a little more for things that need it.
Buying stuff directly with Bitcoin is out for anything under around 2k with fees right now but if you don't mind indirectly, Newegg takes them through bitpay and purse.io works well. I've even seen a scattering of companies willing to roll the dice with LN.
What's nice about some things like, for example, namecheap, and you want to have a domain last a long time, you set aside some BTC from a year ago, put it in a separate wallet, then only withdraw what you need to pay for the renewal next year. You do end up paying a bit more in terms of BTC, but it's as if you've already covered payments for several years into the future.
As for your own personal stash that you are constantly withdrawing for spending purposes, I'm pretty sure most people would (or should) be looking the numbers to see that it would last them for the rest of their life, at least in 30 year time periods, according to how much they are spending now.
Being careless about spending is what leads to problems and disasters. Must watch where the money goes, maybe not all the time, but in general you have an idea if you're still good or need to make adjustments.