Replying to Avatar HODL

A lot of people have heard my moped story, but heres the math on it.

In 2016 I needed $5,000 to pay my wife’s master’s school tuition.

I didn’t have $5,000 cash at the time, but I did have bitcoin.

Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition.

I didn’t want to do that so I sold my car instead for $5,500.

I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition.

So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting.

When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life.

“Oh so you financed your refrigerator? You’re still paying that off huh?”

“You have a timeshare you’ve never been to? How’d you get talked into that?”

People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion.

Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc…

At 100k that decision was worth a million dollars.

At a million it will have been worth 10 million.

And at 10 million it will have been a nine figure decision.

100 million dollars.

I only rode the stupid moped for 8 months.

Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future?

Because there are things you could be doing today that would generate that for future you.

My advice is to have your own moped moment.

Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years.

I think you’re going to be happy with the results.

I already have a good stack, but I’m selling my Tundra right now and will use it to stack some more. And I love this damn truck

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Discussion

i did this 2 years ago and ended up buying the same vehicle 1 year later... the bitcoin did go up in value, but i don't think it really went up all that much. i feel like the sales friction loss really needs at least a 2X on bitcoin to make it worth it because you end up selling the vehicle for 50% less and buying one for 50% more.

but if you are just looking to mix it up, it could be a great way to make a new one pay for itself. i have also heard rumblings that new vehicles may be cheaper this year do to oversupply or something.

It’s a third vehicle and I don’t truly need it, which is why I’m doing it. It’s really getting up there in miles too, so I want to sell it while I can still do pretty well on it.