Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel
Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again. So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.
Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.
I subscribe to semi-austerity. No Lambos, yachts or fancy restaurant meals.
We buy as much of our costlier foods (meats, cheeses, etc) when they go on sale and keep a well stocked freezer. We get our fresh fruits and vegetables from local family greengrocers and cook everything from raw to eat at home. We do however pay to get dry aged AAAA Prime steaks from a local high-end butcher shop. We get our burger freshly ground from pieces of beef and pork I personally select at a lower-cost family butcher shop. No scraps.
The one exception we make is prime rib roast. To make really good prime rib you need not only the finest beef but also it must be the entire standing rib. None of our ovens are large enough. Also I prefer extra rare while my wife insists on well-done. That means we go out to a restaurant that is the flagship location of a chain of steakhouses and gets the best meat. Even that's for special occasions.
I wear mostly second-hand clothing. Why pay $100 for a pair of Levis when I can get an almost-new pair for $12-$15? I buy only high-end boots but only at discount prices.
I don't drive a car so the only vehicles I own are my ATVs. My workhorse, a four-seat John Deere Gator with all the top-end options, I bought with Bitcoin near the top of the market. The price was based on a dollar value of less than half price even though it had only a few kilometers on it. It was in such great condition that most people upon first seeing it assume it's brand-new.
Our only boat is a pedal boat. No motors on our pristine lake.
We try to fly at the cheapest times and on the cheapest airlines, always economy class. When we stay in Playa del Carmen, we stay in a small family-owned hotel where we can get a spacious room with a small kitchen and dinette for $25USD per night, and cook our own meals.
Most of the bitcoins I've sold have gone into real estate and I consider that to be just a diversification of investments.
No need to splurge and act like a high-roller when that really means just being another consumerist sucker.