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689 sats \ 3 replies \ @ek 21 Feb freebie \ on: What are you even gonna do with the money? Personal_Finance
I'll try to keep it short.
Around the time I was 16, I set myself some goals I wanted to achieve before I turned 30. I did this because I had some existential dread and life in general sucked really hard for reasons I won't go into here. I thought to myself:
Apparently, we call this in German "Torschlusspanik".
At some point, I discovered bitcoin and I had a feeling that this might be it:
I then set myself some more specific goals related to bitcoin like not selling for 5 years at least. Pretty basic stuff you could say so I'll also spare you the details here. But I knew the hard part was to actually follow through with the plans. So I literally used to talk to myself in the mirror and say stuff like "Bitcoin is the future. Bitcoin will prevail.", lol.
https://m.stacker.news/17016
But it worked. I took a leap of faith with bitcoin, my stack growing the more I learned about it and it changed my life pretty fast in ways I would say are mostly positive. I kind of manipulated myself you could say.
So now I still remember the goals and plans how to achieve them from years back. I can feel the urge to change them thanks to the price going higher and thus the opportunity to achieve my goals getting closer. I wonder if I should update my goals in accordance with the knowledge and conviction in bitcoin I gained during these years. But I also know it's greed. I don't want to sell a chunk of my stack when the price might even go way higher in a "not so short time". But I also know that this is essentially trying to time the market which I thought was something I wouldn't do anymore.
So even though I was crazy enough to talk to myself in a mirror, I don't really know what I will do when my goals are finally within reach at basically the press of a button. Will I skip on the opportunity and regret it later, thinking there will come a better time?
I don't know but I know that the chunk that I am willing to sell in percentage points is indeed getting smaller and smaller. It's as if my future me gets more and more important to me so I want to keep all doors open for him. But I also know that we're all constantly running out of time and at some point there might be no future me of me anymore.
So it's a very good question. I realized I wrote all of this and didn't even answer your question yet.
My answer is basically this: my goals are mostly based on "experience stuff". So I wouldn't say I have materialistic goals. My goals are more like "live in a foreign country for some time", "jump out of a plane with a parachute" and "get a pilot license".
I think life is not only about awareness but also about experiences and bitcoin is just a means to an end. Just to which end exactly is the question that everyone has to answer for their own life though.
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Piloting your own plane (or someone else’s) is the ultimate freedom, and responsibility, just like Bitcoin. If you like freedom and responsibility, and flying interests you, definitely get your pilot certificate.
There is a lot to learn and you never stop learning. It helps to be humble, and stoicism helps too. Hubris and inability to keep your “monkey in the cage” (keep thinking while SHTF) is how pilots get killed. A few pilots are Bitcoiners.
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Will I skip on the opportunity and regret it later, thinking there will come a better time?
That's the side of the thing people miss out on, imo. They're so fixated on building their nut that they don't see the danger in waiting for some better time to spend it.
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