I bought an expensive thing with my earned bitcoin for few years, not literally bitcoin of course, which I had to convert it to fiat. Yeah actually I regret it a bit deep in my heart. Not because of that bought item, but it's my greediness which I think if I could held it a little longer, I might spent less to buy that thing lol.
Same here, I also bought expensive items with Bitcoin and even paid my debt way back 2017 with my earned Bitcoin after converting it to cash. I was in a hurry to pay the debt because of the monthly interest. I regreted paying that debt too soon because if I waited for another 2 months, my BTC valuation would have tripled its purchasing value and I could have paid that debt in just a third of that Bitcoin amount.
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It’s such a waste to spend Bitcoin on things that loss it’s value overtime because Bitcoin is an investment.
Good point but for some people including me feel that rewarding yourself a fancy thing after worked hardly isn't considered as a waste. Of course it depends on the balance of your earnings and lifestyle.
I never thought that giving oneself as a reward is a waste of money. It serve as motivation and satisfaction at the same time. It enables us to continue with great enthusiasm because these rewards serve as the trophy of our endless endeavor in life.
I have spent many bitcoins a few years ago (ca 2012-2013) in local shops and still think that it was very good for the Bitcoin ecosystem. It is bad for me though obviously but also I could have bought more Bitcoin then so actually I do not regret it. I hope people will also spend more bitcoins in the future, since Bitcoin is a currency and not an asset.
I'm sure all of us have been in the same situation and perhaps still experiencing it every time bitcoin price rises. Though I myself considering bitcoin as an asset instead of currency because of its unstable price.
Well, we all go through that experience. And to lessen the effect to make us regret our actions when purchasing anything, I always think of Bitcoin at its present purchasing value and not its possible future value. Greed will always make us restless so better control it for our own peace of mind.