The Hidden Benefits of Spending Your Bitcoin/Crypto
“To increase the flow of money, you must exercise your ability to spend it. This is no different from increasing physical energy by exercising your body. Pinching your dollar to save money is like staying physically inactive to conserve energy.” — Tom Montalk
You want to buy something. But your money’s in Bitcoin. If you buy it, that means you have less Bitcoin. What do you do? Even if not all your money is in BTC, you can use the cash to buy more Bitcoin instead of going for that purchase. You struggle with the decision.
Whether it’s for a holiday, a gadget, a course — the dichotomy between investing in yourself — and Bitcoin is a difficult one to manage sometimes. It can be confusing. For example, you may really want to go on that soul-enriching retreat and spend that £1000 but at the same time that’s a lot of Bitcoin to spend. As of today, £1000 is 0.04 BTC.
Being a Bitcoin investor forces you to think more about your purchasing decisions and the opportunity costs. That’s a good thing. But on the other hand, it can mean you stop yourself fom buying anything.
Yet the more you reflect on it, the more you realise that spending the money for the appropriate opportunities is more likely to create the breathing space mentally and emotionally — for you to feel your best and grow as a person.
I recently decided decided to invest £2.3k (0.07 BTC) in a training course because I know that it’ll be good for me on so many levels — particularly for my health.
I spent 6 months abroad in Africa and spent 0.20 BTC.
I had to go through a lot of the mental constriction I spoke about at the start of this article. But after working for years, I wanted to do these things. Everyone’s case is unique and some people will be able to spend more than I did or less — the point isn’t how much you spend.
The point is doing something you really want to do and can afford to — despite Bitcoin and the potential rewards.
Conclusion
There is a balance here. I minimise the purchase of DRD (anything that dusts, rots, or depreciates) e.g. a car. But if I really want to buy an experience or investment in my education and my soul is calling for it, despite Bitcoin, I’ll go for it.
Delayed gratification taken too far is a road to depression. Balance between delayed gratification and present-fulfillment is a road to harmony.
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