Is, "in the home stretch" a saying because it is the last stretch of road or, is it because it is the last chance to stretch to the limits?
We found out today that while the bank had told us we had until Friday to get the evaluation to them, they have now added more conditions on what needs to be filled, meaning that we instead have until Wednesday to get the evaluation done, as the paperwork for them takes more time. At this stage of the game, that 48 hours matters a fair bit, but again I have to say, it is what it is.
I will be glad when this part of the process is over, whether the result be in our favor or against, just because it has the sense of the "Sword of Damocles" hanging over our heads. Either way, getting it over and done will give us some psychic breathing room, so we can spend time on other things.
I went to the office today for the first time in a couple weeks as I had last week away from work and the week before was mostly spent with a sick kid. When I walked in, a no-coiner said hello and added as a joke,
"I thought you were avoiding the office because of the price of Bitcoin crashing"
lols.
(Because people only know Bitcoin, they think that is all there is)
Back in September or so when a couple colleagues bought into crypto for the first time, this person didn't want to feel left out, so bought some gold.
Gold:
Bitcoin:
Looks like the price in reverse, though the scales are quite different.
Just think, all the way back in September, the price of Bitcoin was about 11,000 dollars and it is sitting up there at 36,000 currently. Kind of interesting what people consider a crash, though I do get it when looking at the daily, weekly or even the last month. However, if looking long, none of that really matters, other than the amount one can buy, if buying.
A lot of people say at 60K "I should have bought at 30" and when it is at 30K, they don't buy because they are worried it is going to go to 15. For many people, it is never the right time to buy.
I don't mind people making fun of me because of the crypto crashes, as if I have made bad life decisions and I should consider myself a fool. Well, I have made bad life decisions and do consider myself a fool for many reasons, but not because of my venture into crypto.
In my view, the future is going to suck in many ways, because the economy that so many people cling to and rely on, is crumbling beneath their feet by design. The entire economy is set up for increasing consolidation, not distribution, meaning that fewer and fewer hands have access to meaningful amounts.
Everyone knows that money attracts money, yet most don't seem overly concerned by the increasing concentration of wealth and their own decreasing ability to purchase, without going into debt. Most don't recognize the connection between how they use money, and the conditions of the current economy, even while they complain about wealth gaps and wish for a change.
“We cannot solve our problems with the same thinking we used when we created them.”
_ Albert Einstein
But, this is the problem when we think we are right and believe that it is the world that needs to change, not us. If we keep on doing what we normally do, without seeing we are part of the problem, not much is going to change for us.
I would like there to be a change in my world and therefore work toward that change. Change isn't always easy and it isn't always positive, but I still think it is better to work toward different than to take the, "better the devil you know" approach and double-down on the status quo.
We made a pretty bold decision at the start of 2020 to get into this house, and I am glad that we did as perhaps if we had waited, we wouldn't have done it and waited for "the right time" that might never arrive. It definitely wasn't a, you only live once decision, but it was risk-seeking in a way that I haven't been before and even if the evaluation doesn't fall our way, we will be able to stretch ourselves to cover what we must in order to keep our view.
We are happier here in so many ways and this is the first time my wife has ever lived in a detached home, so it is a bit of a learning experience for her. One that isn't always comfortable. But, we are experiencing, learning and managing in ways that we wouldn't have if we stayed in our apartment.
Crypto has been the same. A host of new experiences that have been quite challenging at times, but have taught me a lot about myself, the world and changed my own views on many aspects of life in ways that I consider are better. So, regardless of price, my world has changed, as I have changed - I guess similarly to my house, I have renovated myself into something different. Whether I am better or not, probably depends on who you ask.
I am not in the homestretch yet though - only half way around the track, so there is still more time to change and shift my views again.
Taraz
[ Gen1: Hive ]
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The media is usually responsible for focusing on Bitcoin and missing the other alt crypto’s. The sky is falling if Bitcoin drops by $10,000 unless you’ve been mining it like yours truly.
I wish I had got into it much earlier, but I just wasn't ready.
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The thought "is never the right time to buy" occurs most especially when one is looking for a quick profit by buying selling quick. So the fear of the coin dipping is always in mind and so they become confused and don't know when to buy or if they would ever buy.
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No one wants to buy before it drops, but that is always a risk. buying the bottom isn't that easy, or everyone would be doing it.
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My strategy:
When it hits bottom. Buy.
If it wasn't really bottom.
Buy again, but a little more.
If THAT wasn't really bottom.
You guessed it! Buy again, maybe even more. Lol.
Why?
Because at some point, we're going up. As the barrier to entry into crypto is getting lower and more relevant applications are beginning to emerge to the public—people will start realizing there's more to this "internet money" than the local news channel is telling us...
Less and less analysts will be telling the public to "run for the hills" as more outside money and larger investors start to see Bitcoin and other cryptocurrencies as "long-term X 4+" investments.
At that point, we'll start seeing large networks of mainstream influencers advocating for Bitcoin as those investors begin to use media to protect and grow their new investment more quickly.
So, it'll go up.
When?
That's the ONLY part we can't be sure about. 😁
I was having this discussion with friends yesterday who are relatively new. They were happy buying the BTC dips at 50K, but scared to buy the dips at 30K. It is strange how the psychology works around these things.
Right? I stuck in another $1K at around 34K (cause I missed the bottom) I would have jumped at 30K in a heartbeat if I would have been paying attention! 😆
Change and shift views, that is something not enough people do. They have the same attitudes as when they were 18, no growth even as those around them grow and learn. We see life through different eyes when we age and progress through life, it is a shame so many people are afraid of chaining a viewpoint just because people label them as inconsistent or a flip flopper. I have always embraced the changes I experienced, I would hate to live a stagnant life with a stagnant mind.
There are some studies that show how narrow our learning is after we are teens - where we may gain more knowledge, but we don't generally shift domain very far.
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Reading and understanding crypto leads to a vast array of knowledge. You start up just gathering information about coins, next thing you're lead into fintech and defi or something else. You're forced to change one or two things about yourself when you learn so much.
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If it doesn't change us - what is the point?
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Ditto. A lot of people sneer and laugh because they don't understand and don't want to understand what the blockchain has to offer. They can't see long term value, only short term price fluctuations
They focus on the trees.
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Yeah, it is up to us to grow and change, if we ever expect to reach our true potential. I should take my own advice. LOL I have not bought bitcoin, but sometimes wish I had. We all see things from varying perspectives.
Bitcoin, Ethereum,, BNB... the list goes on of what was possible - but sometimes it is good to just bite the bullet and roll the dice.
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There is never a right time, although reflecting back now the time was right making changes. Going into buying ones own home was huge back then, as it is now. Delving into Bitcoin was investing into the future, yes it goes up and down like everything else in life.
Crypto is interesting, all is volatile no matter which you select one must do research, keep watching and make money work this I say knowing I should be doing more learning about keeping an eye on projects.
Family thought I was/am crazy, I delve, enjoy this ongoing learning, am glad you are moving forward, even when hectic times arrive to stick to what you feel is right.
@tipu curate
Upvoted 👌 (Mana: 39/78) Liquid rewards.
Sometimes it feels like a lot of people don't consider the gravity of it now - just spend. Perhaps it is because money is valued differently and people are less fearful of debt?
I like the volatility - it has taught me a lot about myself - though it is scary at times too :)
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Times have changed, having debt was only allowed in the event of home or car purchases. All these cards offering credit, people spending way beyond their needs actually scares me.
Volatile situations keep your on your toes, makes one either dig in deep or get out fast. My gut feel about blockchain technology, is it holds for a better future in many circumstances, not all.
Good luck with all requirements in the home, somehow we scale the hurdles as they confront us, one by one!
Is there ever a right time for anything? If we waited for the right time, we would still be waiting. People don't make opportunities anymore, they wait for them to happen to them.
If I waited until crypto was the right price, I would not have any. Of course, my family looked at me like I grew a horn in the middle of my forehead and I get little texts every time crypto does something "volatile." I can take the heat. I know less than I should about crypto, but, am learning more about it every day. I was looking at a recreational vehicle the other week at a large dealer and they have a sign that says they take bitcoin. Hello? There aren't as many here as there that do. It excites me every time I do. I still do some silver and did gold years ago, but, only for diversity.
I remember when you bought the house and how you had it all figured out with different scenarios if things went to hell in a handbasket. Not everything goes the way we plan, but, you are a man with a plan. You will come out on top, God knows you deserve it.
I hope the evaluation leans your way. I cannot imagine them not cutting a little bit of slack for all the closures that went on and the pandemic in general. I wish you luck!
We really only have "now" to do anything, so I guess now is the time :)
It is unfortunately true.
We aren't there yet - but it i getting closer :)
Thanks - yes, I hope there is a little leniency and the agent doing the evaluation can see that in a few weeks, it will be complete anyway.
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