When does one sell their ₿itcoin?

The answer is simple when something means more to them than their ₿itcoin.

I wanted to create a memory of my dad & I going to a track day together, racing motorcycles around the track, battling each other for a better lap time, stopping for lunch chatting about how each other is riding & all the rest of that jazz.

I have watched him race many times before, albeit only ever from the side line, with his health deteriorating fast to the point he may never get on another motorcycle again, I decided I needed to act quickly & I would sell some ₿itcoin to achieve this goal when I mentioned to him I wanted to buy a bike he told me I was "too old to learn how to ride a motorcycle".

That didn't stop me wanting to buy one, I decided I was going to ask for forgiveness instead of permission.

This didn't sit right with me though, so I told my father I'm buying a bike regardless, he said "ok if I can't stop you at least get a bike I want to ride as well & I'll go you half's". This was great I would only need to sell half as much ₿itcoin as I thought.

Although I couldn't shake the feeling of, in 4 or 5 years time I would look at the current ₿itcoin price and work out how much the bike actually cost me.

I then decided to play the fiat game & I would look at getting a loan for the bike.

When I was looking into loans, the companies that would be making money off the interest they charged me wanted to give me more money (so strange right?). I thought why not get more fiat, I took a loan out for the bike plus an extra amount which worked out the same as the price for the bike, I told my dad to keep his money I bought the bike and bought the equivalent amount of ₿itcoin.

The loan is for 7 yrs very typical. Now not only do I get to keep my original ₿itcoin, I got the motorcycle, I'm creating memories with my father before I can't anymore, and I also got to increase my stack.

I have something real, the bike.

I have something strategic, the ₿itcoin.

but most importantly,

I have something priceless, memories with my father.

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That was lovely to read. Safe Riding. 🏍️🦵

So you got a personal loan from a bank?

No Bitcoin is at risk?

Absolutely I would never put my #bitcoin at risk!

Great, enjoy life, make memories !

Thanks for sharing.

On the financial part...

I understand most reasoning.

But I came to a point I hate the Governments, Fiat, the System, so much I can't by any sane means support it any more.

And not doing so is hard.

I hate that "you own nothing and be happy" but to some extent that IS needed to starve the beast.

If you buy something you pay VAT, if you own a house you pay tax etc etc.

And by paying them you give them the means to control, abuse you...

We are paying them the money they use to suppress us...

And I love nice stuff.

I put aside a funny #Bitcoin amount some 7 years ago with the funny idea this will be a saving account for my dream car.

It became twice as expensive since then, but I can buy a new one from that little saving I set aside...

To come to the conclusion I still love that car but no fu.. way I'm going to spend so much and knowing a large part of it will go to government....

#Bitcoin really changes you, or perhaps I should say shows you things you have not seen so clearly before.

Now I have some financial independence I'm more thinking about how can I use it to make this a better place, help others ?

I hear that mate, I borrowed from my future time (the loan) I will pay it off in by the end of the year, to fuck the loan company out of their interest I did this so I didn't need to give up my future financial freedom and at the same time enjoy the time I have left with my father. Bitcoin is great but it will always be here my dad won't.

Inflation dwarfs what they collect in tax & registration fees.

Pay the minimum you're required to & keep saving your excess in sats.

What's the worst that can happen? They repossess the bike? Big deal. Statistically speaking you're likely to crash the bike before the 7 years is up anyway.

Don't store your keys under the seat 🤣

The keys are on paper 😬

So true, when you reach that safety point, you really start thinking how to make the world a better place

And he lets you ride it in the house???? Your dad is a legend!!!

Yep 😏

very nice

Nice bike!

The point of Bitcoin is to spend it, it's a currency. Just acquire more than you spend.

Spent !

Well played, winning.

delightful

I did the same thing last year when shopping for a new work truck.

I 'bought' the truck 0% down. I took on a personal loan at the same time, for half the truck MSRP. Stacked a bunch of sats that could today just about pay off the truck entirely, only 9 months later.

Before that, a few years ago, I leveraged up my borrowing on my primary residence; down to 20% equity. I've safely handled the increased mortgage payment and the sats stacked. I am very glad I did this.

When all you want is the sats, it makes these nice-to-haves feel fairly fiat. But it's nice to have notes and other stuff, every so often.

Have fun with your Dad!

It's the first I've heard about it but it's not the last time I'll be doing it that's for sure.

Well played.

When you understand how the system works, you can work the system. Well fucking done mate 🫡

Nice! We’ve had a presentation at bitcoin meet up today from the owner of Lendasat. Very very interesting. Bitcoin-collateralized loans. No rehypothecation, no KYC, no credit checks. You put up bitcoin as a collateral and receive a stable coins loan.

Savings is, ultimately, for spending

#bitcoinstandard

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enjoying life > coveting bitcoin

Bitcoin exists to make memories and give us time back with those we love.

Right you are ser 🫡