We are at this point in the crypto market cycle, if we still follow previous patterns with this market, where you'd wish you bought them all. Don't you have that feeling when seeing random coins pumping like... I was thinking to buy this one, or why have I traded it for the other?
I had this particular feeling regarding SUSHI, after reading what they're up to with metaverse, this morning, as metaverse projects seem to be the next level hype in crypto. I had some SUSHI ETFs(dumb investors longs) on Binance, that I traded for some TLM. TLM is now performing quite good, but was thinking what if SUSHI outperforms it?
I guess you never know that, until you actually buy and HODL. There's some type of mentality in crypto, though, that I'm not a fan of, a matter of fact I hate it. I don't know if you have such persons in your following list, but I have some that once in a while come with that type of narrative: "if you wouldn't ate that cheeseburger, you could have bought X number of sats...*
Guess what, life is not all about crypto, we don't live for crypto and for staking sats. I'd say we should start thinking more and more on how to live off of crypto. Isn't that its purpose? To offer us financial freedom and revolutionize the current financial system? Well, here's you chance, spend the sats and buy the cheeseburger.
Photo made by yours truly, back when I was still rocking a DSLR. Doggo not mine...
That's what I've been doing for over a year now. Probably some of you know already that I live off of crypto, most of my revenues coming from Hive and I don't regret spending my hard earned crypto. I know that, if I would be able to hold for years I would probably be able to sell HIVE for $100 each, but life happens now, not in five years.
I might not even be living by then. When it comes to investment money, I don't see any better option than crypto to put your money to work, but saving everything, getting cheap with your life and over reacting on this matter, I don't see as a healthy mentality towards crypto. I see it more and more as a spending currency, as much as I see it as an income earning one.
I congratulate whoever is able to HODL a bunch of bitcoins for decades to come, but I don't blame the ones buying burgers with em. No one can predict future, thus what's the point of stacking and investing everything in crypto if you may no longer be in this world five years from now to enjoy the fruits of that HODLing?
I'd say a "balanced crypto diet" is the best way to go along. Put some extra cash in Bitcoin or whatever, it has proved to perform great over the past decade and the industry is just getting started, but don't be cheap on yourself, you only got one life and you have to live it outside crypto as well, that's what I'm telling myself all the time.
There's no perfect lifestyle, but exaggerating in anything is bad "for your health". Learned that from my own experience. If any hardcore Bitcoin HODLer reading this feels insulted, don't be, life goes beyond sat stacking and you should once in a while spend some sats and buy something nice. What's the purpose of life otherwise?
I know someone will use some BTC to buy herself that brand new C Klasse, cough @whatsup, and I'm happy for her. Crypto without life fulfillment purchases is nothing but a dry investment. Have a great day folks and see you to the next one.
Thanks for attention,
Adrian