Post
Topic
Board Bitcoin Discussion
Re: How Do You Plan to Make the Most of Your Bitcoin Investment Before the Halving?
by
fokinlipat
on 09/11/2023, 10:52:19 UTC
The countdown to April 25, 2024, the day of Bitcoin halving from today, November 5, 2023, is approximately 6 months, 3 weeks, and 5 days. As for my personal plans to make the most of Bitcoin investments before the halving, I'll focus on regular investments without dramatically altering my lifestyle, ensuring a balance between saving and enjoying life in the present. Here are the habits and behaviors I have adopted to ensure that I make the most of my investing in Bitcoin before that day arrives:

  • I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
  • No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
  • This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
  • I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

- Visiting Mongolia, one of the most beautiful countries in the world. I've seen a lot of  documentaries about Mongolia on YouTube.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?

You have a lot of control on your spending habits. You will always good financially. I have a different approach though and that is to increase my earnings. I have started to outsource the freelance work that I had been doing myself. It is becoming more profitable for me, all I have to do is to find more and more clients and then pass on the work to my workers. I will spend all the extra earnings to buy more bitcoin. Almost, 90% of my portfolio is in bitcoin.