I don't get overly affected by price, but what I do notice when it goes up or down, that my thoughts drift a bit more into what I might do with it if heading up, or what I won't do with it if on the way down. I am guessing I am not the only one that does this from time to time at least, especially if we have things that we are continually putting off due to the price.
Next week we are having some birch trees cut down in our yard, which we will then turn into firewood and store in our garage for the coming years. We can't put it into the fireplace for about two years, as it has to dry first, but there will be plenty. Because of this, we are going to have the neighbors come and help us cut it up and then they can take some for their fireplaces also.
We have been postponing cutting down the trees because when the neighbor had his done (a few months before he died), my wife asked the people how much it would cost and by their estimate, it was 1000€ a tree. And that was just to do the basic work cutting them into very large pieces. As a result, we never got it done, even though we know that the trees will have to come down.
However, we also have an acquaintance who is a lumberjack, and after two years of asking my wife to contact him, she finally did and he came to have a look. For the three trees, he estimated about 500€ in total, which includes cutting them up into smaller pieces (we will still have to cut them for burning), or taking it all away completely. There is a little "mates rates" in there, but not that much. Essentially, the other group were just looking to price gouge on convenience.
I am not using crypto for this.
I don't know why, but I feel that when I do eventually use crypto for something, it has to be something significant, something meaningful. I think it might be because since early on, I recognized the opportunity there was in it to make a difference in our lives, so this became the guiding force of investing time, effort and money into crypto. Significant change.
But what does significant change look like?
This is going to obviously depend on many factors for each individual, but I wonder if there are some common threads in our experience that overlap. For instance, debt-free, own house, car, opportunity to travel occasionally, cover costs without too much effort, and the ability to choose what kind of work. That last one is a big one for me, as while I feel like retiring would be awesome sometimes, it is more that being able to retire is what I am actually after. I want to be able to keep working, but not have to work in order to cover expenses. A lot of work that seems undesirable, isn't that bad unless forced by circumstances to do it.
Any overlap?
And then, I also consider how I would feel about what I spend crypto on and how I might feel about it later. For instance, if I were to sell to improve my life when the markets were up and Bitcoin was around 100K, how would I feel about the life changes if in five years the markets were reflecting Bitcoin at a million?
Would I still be happy?
At least for me, this is an interesting question to consider, because I think that this is something that is somewhat common for crypto traders, as there is so much volatility, and so much upside potential. In a decade or so, two pizzas were worth 600 million, and people don't forget this. And for most, they have experienced a taste of that volatility first hand, seeing tokens go to extreme highs, 100x or more in the space of months.
Life-changing means different things to different people, but I think that when we are questioning our place in the world, it isn't a bad idea to consider what it means to us. Are we setting our goals too high, too low, or is what we consider life changing, really what we want as an outcome at all. Once we work that out, even if we don't have investments in hand, at least we can start working out the direction we want to take and start investing into what we actually want.
Start planting trees.
But in order to build a decent garden, we have to also be prepared to change what is there, and take down what needs to be removed, to make way for something better, something healthier. Once we have removed the dying and rotting, then we are able to start building - but before we start building, we need to have some plans of what we want the result to look like.
So, what are your plans?
What are you going to knock down, what are you going to plant, what are you going to trim, what are you going to care for?
Taraz
[ Gen1: Hive ]
Posted Using InLeo Alpha
Funny you bring up trees in this discussion. This tree is going to have to come down and i am avoiding even pricing it out because i have other more immediate priorities. If i spend $1000 worth of $.30, then am I signing myself up for a lifetime of regret knowing i paid 3x? 10x? more for it than I actually did when the upside of the volatility happens?
I like to look forward to the time where this investment of time and attention that will reach 10 years before too long becomes very valuable. When that time comes and my upvote is worth $6, will I even be willing to cash that out and abandon the value of that to myself and others?
I will have to get back to the WHY we do this, or anything monetary. For me, it is some of the same things you mention. Freedom and lifestyle. Some numbers in an imaginary ledger will have to become less valuable than happiness and my ability to interact with the universe in a positive way.
By that time, I figure i will have a plan to be in the game and build value without completely cashing out. Harvwsting those seeds for food AND replanting for future value.
Imagine how that story changes for someone who only makes the equivilant of 1 hive per hour in real life compared to, say 1 hive every 2 minutes. Very different conversation!
Has it grown there accidentally? seems like a weird place to plant one.
A lifetime of regret for not selling is another fear! :D
There was a short period where mine was around 12 (a week or two), and it felt crazy. Hard to let go of.
This is what the dream is. 25% to cover debts, 75% to live off forever more if needed.
For sure. This also has to be thought about when people have expectations on their earnings.
If it helps, I can tell you one of my wallets got hacked 2 years ago when Eth was about 1K. I remember about it every once in a while to keep paying attention to security but I do not torture myself thinking how much it represents today that Eth price is three times more.
I guess If instead of being hacked, I would have spent it in whatever, it would be the same or the feeling would be way better as I would have decided myself instead of being hacked.
It must suck to lose a significant amount in a hack - it might be even worse, as there is nothing at all to show for it, other than a bad taste.
I can assure you I felt as a complete idiot for not moving the assets to a hardware wallet as it was quite a bit of money. Bud humans tend to forget bad memories as long as they do not jeopardize your future.
Funny you should post about trees and the cost of things.
We ended up with a dead gum tree as a result of a particularly cold week, and I ended up asking a tree service that was doing some work across the street what they would charge to cut it down, and they quoted 900 USD. It's not a huge tree, and for a professional maybe 90 minutes of work.
As much as anything, the price has little to do with the work, and a lot to do with living in "an upscale neighborhood." Which is purely a side effect of real estate prices, not of gentrification. Meaning that I am being offered a $250 job for $900 purely because our property value is now $1M instead of the $200K when we bought the place in 2011.
Next time our son comes out, we'll likely take it down together. Cost: a BBQ dinner and a few beers.
The tree is definitely not worth powering down and paying for.
Powering down — even at a disadvantageous price — to pay property taxes to be able to keep the house? That was different...
All a matter of priorities.
=^..^=
ridiculous, isn't it? If they were more reasonable, they would likely get more work. I think that it might have been one of the issues for us too - where they assume that people living in a house (most live in apartments or row houses here), we must be rich enough to cover it.
That is a deal. I am not game with these ones, as they are tall, close to the house, and if it falls the wrong way, will hit ours or the neighbors place. Better to have someone with insurance.
Yes.
A profit is a profit. You need to compare with the price you bought, not the price they reach. I you buy crypto A at $100 and sell at $200, that is 100% profit. If the crypto goes to $500 after it is irelevant. You need to take a decision and accept the consecuances, but once a decision is taken, nothing is changed. no regrets, no happy tought. A decision is just that, a decision, good or bad when you take it.
profit isn't enough for lifechanging, unless a fair amount was invested. 100x on a dollar isn't much still :)
However, I don't need 100x ;)
The two trees inmy garden have almost exceed my house 😄 but I think it is not right time to cut trees here.
Why not?
Because the sour cerries have going to be red and walnuts growing.
@tarazkp you are a so unique and regular hive content creator or leader, I am nothing from last 2 to 3 years you are creating very interested and unique content on almost daily basis
Well done brother ❤️♥️
Please forgive me sometimes I don't understand what are you talking about and how I can respond to it because I am not a native English speaker 😅🙏
At least you are trying :)
Yes brother I am trying to become upcoming @tarazkp and @taskmaster4450 ♥️🙏
Woah 1000 pounds to cut down tree... I didn't know that at all.and yes bruv I also think the same about prices....
Woah I also didn't know it had to take 2 years for it to dry. I've learned quite a lot in one read
Yeah, it can be very expensive. And if you burn the wood too early, it will be very smoky.
An additional drop in price increases affects everyone. Trading with crypto is good for buying and selling something. The price of Bitcoin has changed the lives of many. It may change many more people's lives in the future. For that Bitcoin should be held for a long time. Plant trees and save the environment. Trees come in many needs of our life like as fuel you are using trees
Gotta have some to hold some. Too many people seem to think that they don't have to keep holding it, but will somehow benefit from it.
Why would you use 1000€ to cut a tree? Honestly, it is really expensive to me
Very very expensive
Because it is cheaper than having a tree fall on my car.
Ooh well
That’s true
We had a big maple tree taken down and it cost us $2000 USD. Just watch out for mice. They will build homes in the wood pile if you keep it the garage. That's always a concern when we stack stuff like that. Might not be as big of a deal for you.
Cutting trees is a big deal in my area. We need to get approval from the city to cut them, and there usually needs to be a good reason for doing so. The good thing is, when approved, it's usually free. So it's nice that you are able to find a cheaper option.