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.
For me, both "yes" and "no".
I still live like a middle class, but with 'upgrades': take an extra trip to an interesting place at least once, maybe twice, in 12 mo, upgraded (renovated) the house, etc.
Still fly economy class, but at some point would upgrade too 'cause sitting on those tiny seats in Transatlantic flight, being surrounded by heavy people, is rough.
At some point (if and when btc goes to millions), peeps, including myself, would probably need need to upgrade the lifestyle...or it will come 'naturally": your wife will leave you (and take her 50%) is you would force her to live frugally when she knows that you have the resources, it is as simple as this. You can still have a relative balance: not buying multiple residences, but just buying nice clothes and jewelry for her/him. BTW, nice clothes are ALWAYS better than cheap one's. I bought an expensive leather jacket a few decades ago, and is as good many years later.