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.

In summer of 2022. Luna, FTX, NFTs, Celsius and other cunts to their thing. Causing the bear market.

I'm in south Mexico at the time. Living in a tent in a low cost beach hostel. Printing and selling stickers to tourists. No fiat savings, no fiat income, tiny sat income. My computer died and was at the beginning of my freelance carrier. Not a lot of opportunities in bear. Fun times.

I lived with bunch of always drunk Mexicans. Any time one of them got salary, it was a cause to celebrate more. Get fancier beer instead of cheap. Buy Marlboros.

A year of struggle. My stack didn't grow, but I didn't lose any neither. I loved it. I had so much fun staying poor.

Waking up hungry with 15 pesos, walking down the road for 2-3h, selling stickers to gringos. I made 50-200 pesos a day. Enough to cover food and drink. Sold few stickers for sats too.

Reply to this note

Please Login to reply.

Discussion

No replies yet.