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.
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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