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I’m really struggling with lifestyle FOMO right now.

I have been a good HODLer for the last many years.

I sold some BTC in 2017/2018, after taxes I used the money to invest in companies, diversify into real estate and take some trips / make some films etc general lifestyle improvements.

I wanted to buy a Tesla X and build a dream home.

After some thought, I chose to frig the Tesla (even easier decision to stick with when Elon started shilling DOGE) and take the same money I’d have spent on 1 dream house to instead use it to upgrade my family’s living arrangements.

For myself, I did some minor renovations and landscaping on my existing house and we purchased and renovated an older home in Cape Breton and a Class C RV to drive back and forth with for summer visits.

That felt like the right decision, a modest lifestyle upgrade for myself while elevating the standard of living for my family and investing in Bitcoin entrepreneurs building bitcoin startups.

I even managed to buy back some BTC with the leftovers, albeit at higher prices.

I’ve been practicing delayed gratification for many years…however over the last 2 mths I’ve been experiencing a very big desire to upgrade to a more comfortable home.

We found an estate locally that is incredible, my wife fell in love with it, and I’m really struggling with the decision.

I know this is the absolute wrong time to sell BTC.

The real estate market in Ontario Canada is likely to see big drops over the next few years, and BTC is likely to see big gains over the next 2 years.

I’ve regretted selling too much bitcoin in the past, yet here I am wanting to do it again.

I really don’t think it’s a good idea to take on a large mortgage right now either since rates are so high … I’d hate to be a forced seller of BTC at lower prices in case we don’t see a raging bull market.

Is anyone else struggling with this?

Is this a top signal 😅

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Discussion

Dimi 1y ago

If you can’t buy it twice, you can’t afford it 😇

Brad Mills 1y ago

Great rule

eee8f902... 1y ago

Guess I can't afford my groceries this week then

Dimi 1y ago

djmeistro✝️ 🍊💊⚡️ 1y ago

Valid, delayed validation is difficult... Much easier being single... But I'll start spending some after the halving in 2028

NotBiebs and 69 others 1y ago

Stay humble, stack sats

Steve R 1y ago

Do you have money coming in from your investments? If so feel free to sell some bitcoin to do just the down payment on the property. Use the income to pay the mortgage as CAD debases over time.

Brad Mills 1y ago

Not really it’s most long term angel stuff

unit 1y ago

What's your back telling you, Brad?

Brad Mills 1y ago

I’ve had to go to the chiropractor twice this month, leading up to ETF launch.

Post ETF flop I feel much more comfortable

unit 1y ago

Everything is in alignment

You should spend some #bitcoin and live your dream

David 1y ago

I’m feeling excited, but not acting. Starting to plan the next move, but planning to have it happen 1-2 years out. Will be my first sell since 2017/18.

What is helpful for my mental state is that I have numbers that I wrote during the bottom of the bear saying when I would allow those life improvements and what small amount I would peel off.

Agent perspective on housing right now- I think the market is stronger than most think because of the same reason buyers don’t want to buy (rates). Sellers don’t want to let go of those low rates either and inventory is low. 60% of homes have mortgages and many people with those mortgages refinanced under 4%.

I think right now is a great time to buy because you won’t compete with as many other buyers in many price ranges. If you finance, you can refinance if rates drop again rather than waiting and having to pay 250k over list price because everyone else will also be a buyer if rates drop.

John James 1y ago

I feel you man… For what it’s worth, I’ve sacrificed buying a home completely, sold everything I owned, and have been living the good life on the cheap down here in Central and South America… I stack my balls off and go all-in as much as possible and HODL… my goal to upgrade my life was to HODL for a minimum of 5 years… just a little longer and it’ll be time… but NOT YET!

My 2c… we are on the verge of massive institutional adoption 🚀 and you’re 11 months from a bull run that is probably going to rip our faces off 📈

I tell myself that being a man and leader of my family demands that I set aside emotions and make rational decisions, especially when it comes to finances. It sounds like you’ve done the smart thing and been responsible, and certainly deserve the upgrade, but I think the smart move is to take it in 11/12 months (earliest) so you aren’t killing your stack. Your family will thank you, and you’ll enjoy that upgrade a lot more by hitting the cycle at the right time 🤜🏼🤛🏼 but hey, whatever you do, you’re a fucking winner and nobody can judge you, good luck 🫡

Brad Mills 1y ago

Very good advice

John James 1y ago

🙏🏼🚀 just 11 more months 🗓️

Bitcoinium 1y ago

Why sell Bitcoin? How about a Bitcoin mortgage from Ledn? They are a Canadian company.

Brad Mills 1y ago

They shut that division down i thought

Bitcoinium 1y ago

That's too bad. I wasn't aware they discontinued Bitcoin mortgages. I was waiting for them to come to the USA.

phenixfalconer 1y ago

You know what to do!

SpacemanSpiff 1y ago

Yep, slightly diff details, but same. We pulled a bunch out of the market anticipating a big dip and, 3 years later... a small fortune losing 10% a year in t bills and an approved home design with quotes 40% above what we planned for. Eh, #UnicornProblems. I consider myself extremely lucky that this is the thing that keeps me up at night. You're in a no-lose quandary when it's all said and done right?

Brad Mills 1y ago

If I don’t leverage up to buy the dream house I’m in a no lose scenario.

If I sell some BTC and the global economy hits a wall and BTC tanks for a few years, I’d be in a lose lose scenario for a bit.

Nuts in a vice potential

Bing 1y ago

It's a tough one. Ultimately, if you delay gratification forever, you'll be dead.

I have a general rule that I'll DCA Bitcoin until retirement, but if the price reaches a predetermined amount during a bull run, I'll sell a small amount for something that will change my life in a meaningful way (e.g., paying off my mortgage balance).

Mioto Satoro 1y ago

Didn’t you also sell during the corona crash?

Seeing your impulsivity, I would recommend you to rent an identical dream home, sell some btc for that, it will costs you much less coins than selling a big bunch now. Also fix yourself an exit price where you would feel no regret selling, for example between 69 and 80k to stay conservative since it will be revisited probably in the next 2-3 years after bull. At that moment you could fully purchase a home.

This is my strategy, to rent everything without compromising on comfort until target price is reached.

Brad Mills 1y ago

I bought all those Covid coins back. It was a short term thing.

Julian Figueroa 1y ago

I bought land with Bitcoin in 2018 and it has lost 70% of its value in BTC denominated terms since.

Not a single regret in the world because that specific piece of land will NEVER be available again, and I have made a ton of countless memories + grown as a human because of the learning experiences building it up.

I knew the odds of it losing BTC value going in, and was more than happy to accept it.

If you don't feel this way immediately, then either don't buy it or get a mortgage for it instead.