Bit-life crisis: The moment in your bitcoin journey whereā¦
- your stacks stop moving the needle
- net worth fluctuates more than annual salary in a single day
- fiat job losses all meaning
- you lose the ability to self censor
- things that upset those around you barely register for you
- you just stop giving a fuck entirely
Cycles..
a.k.a. freedom
Especially during summerš¤·āāļø
Ah yes many a bit-life crisis has taken hold during the golden summer months
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun."
- Keanu Reeves
I'm not there yet, but I am at "laughing when my friends gripe about their 401k going down 1% in a single day".
True! Nowadays the only thing that gives me purpose is seeing my daughter growing. And bitcoin can support that amazingly!
Or lose an annual salary, like today
For a moment I was relating and proud, then it crossed my mind that half of what you said is simply describing being an autist and I just stopped giving a fuck entirely.
On 1 - interested to hear tipping point for different individuals.
Imagine a year of diligent stacking, this increases the bag by X% (measured in BTC)
What's X below to consider that year not moving the needle? š°
It corresponds to each marginal dollar. Letās say you have 5 bitcoin and earn $120,000 a year.
Bitcoin goes to $1,000,000. You initially put in $35,000 and now have 5 million.
Each additional $35,000 now buys you 3.5 million sats. Your salary did not increase so you still have to work 3.5 months to earn 35k.
Letās imagine you believe bitcoin will increase in value to 10 million per coin over the next 10 years.
Youāll ultimately have 50 million dollars with your current stack.
Each additional stack of 35k will be worth $350,000 at 10 mil per coin.
If youāre lucky maybe you can do a stack a year. So best case 3.5 million. Or realistically more like 1.5 million.
So the question you have to ask yourself is if itās really worth it to work 10 more years of your life, just for an additional 1.5 mil if you already have 50 mil?
Adds some colour, thank you. Eveyone prob has their own way of doing these sums. Very individual, based on salary / cost of living etc. Eg. Different game if you're lone wolf vs family man.
It is well known people work for more reasons than just paying bills. Also ambition is not always full logic, so 51,5mil > 50mil.
Should, a person facing that sort of dilemma, just stop working and go out and do some volunteering or help the family instead.
Well one would work in order to cover living expenses and not have to touch the stack until it reaches that target price.
After that then yeah one would think the utility of working is quite low.
I think physiologically it will be hard for some people to view their stack go down year after year. In fiat land people only care about the dollar value of their portfolio so having less shares of a stock over time is not a factor.
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I am here. Iāve basically said this exact thing.
lmao
I'm probably 2 years away from this
If you think this it's probably closer to like 6 years š
Sir, get out of my head
Bitcoiner's anthem :-)https://www.youtube.com/watch?v=Vqbk9cDX0l0
Big facts šÆ
A worthy goal is to have enough money that you stop thinking about money.
Bitcoin is deliberate, intentional money.
A worthy goal is to have enough bitcoin that you stop thinking about Bitcoin.
This is the goal. When stacking no longer changes the entire stack significantly, you've reached a timeyour no longer NEED to work.
The trick is to find work that you care about regardless of salary. The bit-life crisis gives you this perspective. Take a fiat pay cut, but wake up happy and spend your time well.
