Living Off Crypto - To Spend Or Not To Spend
I've been considering living off just crypto.
Just bounce the system and be gone. It's a complicated thought.
There is a tipping point when crypto gains so far outweigh my meager fair that I can not worry.
But there is also the thought that every crypto dollar I spend today will be worth 10x next year.
Do I really want to spend 10x on every purchase in opportunity cost.
Yes, I want to completely opt out of they system, but I also don't want to do it at the cost of opting out of the system in epic fuck you fashion with millions of dollars.
It's that waiting game. I can keep working my meaningless job. Play the part of a drone. Despise all the sleeping people around me while I plan my escape. It's near. But when is it?
What is that crypto number? What's the number for you? I'm curious. How much crypto currency would you need on a hard ware wallet to give up working in the traditional sense?
WHAT'S YOUR NUMBER?
If I would have 1mio Euro I could probably live a good life with just the interest of it. I would not quit work in total but would work when and how I want.
Cryptos right now is just a fraction of my investments. I tend to "play it safe". I have a portfolio with my girlfriend and we will pull some cash out to pay for a vacation. This way it's not just numbers but real value for us. And we stay positive and excited for this investment.
well you are fuckin awesome and I'm sure you'll have a good life.
I'm glad you're on steemit. You don't play it so "safe" that youre not willing to adopt new things. That's great.
I totally agree with you that it's all about maximizing happiness. This isn't a numbers game. It's a happiness, life well lived game. Stoked to see you go on vacation. I just bought you a cheap beer for your next vacation. Steemit is rad that way. That's why I love the steem and eos blockchain. Frictionless add of value transmitted to people who add value.
Dive deep. continue your journey. life is good.
Looking forward to the vacation and the beer. Cheers!
My way to play it safe is to only have about 10% of my initial investment in cryptos. A good advice is to never look back and cry over missed investment opportunities. Just don't miss all of them :). And don't just watch numbers - spend your money for things and experiences that last and make your life better.
That is a really good question, I am not sure if there is a number that crypto needs to hit for me to pull some out. I think when it is adopted and the price is steady it would be prime to live off of. Thinking through the same things. Thanks for the post. Cheers.
I had someone comment on another post. They said once they hit 1-5 mil they will be pulling money off the table and investing in traditional assets. That makes sense to diversify after leveraging into a heavy position.
For me personally I am waiting until I am able to earn enough on the steem blockchain that I can pay my bills, save and invest just from my work on the steem blockchain. Then I will be able to escape the corporate slavery. @steem-marketing
go hard. put real effort now. steem blockchain is on the verge with smts coming out. This is the time to make it happen. cheers.
Thanks for the advise I really appreciate it. @steem-marketing
Have you looked into SALT? That is exactly what the platform was created for.
yes. I like salt. I have some.
I wanted to take out a loan but I want to see how it develops.
What do you mean, this is "exactly what the platform was created for"
Elaborate a little.
Nicely written needed to read this
why?