Damus
HODL profile picture
HODL
@HODL
A lot of people have heard my moped story, but heres the math on it.

In 2016 I needed $5,000 to pay my wife’s master’s school tuition.

I didn’t have $5,000 cash at the time, but I did have bitcoin.

Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition.

I didn’t want to do that so I sold my car instead for $5,500.

I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition.

So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting.

When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life.

“Oh so you financed your refrigerator? You’re still paying that off huh?”

“You have a timeshare you’ve never been to? How’d you get talked into that?”

People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion.

Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc…

At 100k that decision was worth a million dollars.

At a million it will have been worth 10 million.

And at 10 million it will have been a nine figure decision.

100 million dollars.

I only rode the stupid moped for 8 months.

Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future?

Because there are things you could be doing today that would generate that for future you.

My advice is to have your own moped moment.

Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years.

I think you’re going to be happy with the results.
14479❤️300🤙71❤️16🔥6🫂5💜4
Finnish Guy🇫🇮 · 63w
thats a great story, i feel the same. its not about how rich you look, its about financial freedom
Herpaderpa · 63w
I've had a guy at work laughing at me for driving an old Mazda, when he spends most of his paycheck keeping his fleet of cars going and paying his part landlord on his part ownership help-to-buy scheme I just smiled, thought of my stack and went on with my day 😄
2Pac · 63w
All it needs is a surf rack and your ballin in Bali
bitcoinlimit · 63w
Love it 🧡
Hallo Bitcoin · 63w
Thanks for sharing. Any chance we have a video chat for my german YT Bitcoin only channel? It will get <2k clicks because it's english, but I would love to have some kinda philosophical takes on Bitcoin and life from you. 🧡 🔥
jamw · 63w
The key message here is to not care what other people think of you. Seriously. I wouldn’t have even bothered wasting my time trying to burst their bubbles. As soon as you start caring what others think of you, you are no longer living your own life but instead living one through their eyes - a ver...
Lindsay · 63w
Wish I'd figured it out that early, kudos. Im doing my best, though - happily driving my 15 year old prius, using my $60 phone, and delicately talking my wife into more economical vacation destinations. Buying a 1/2 cow every year is also a big source of savings which I would highly recommend.
Dr. M · 63w
Fucking legend
Sabatoso · 63w
Love this story and will share with my son. Watch the TV series - Gomorrah, all the Italian gangsters are rolling around on mopeds like that.
LeviJohnson.net · 63w
Good job noticing the truth and making choices based on it.
Dr. Cassone · 63w
Great story. 🔥
Slate · 63w
could have told the wife to pay her own tuition, and bought 10 more bitcoin.....
Piko · 63w
I love it, thanks for sharing man 🙏
Shawn Locky · 63w
Great story!
Btcfeen · 63w
I had my roommate pay me in btc when it was 200 bucks. Not quite the same but worked out
BitKong | Steve Sanders · 63w
HODL, this WILL have been a $100M decision for you. Your friends will be in denial, disbelief, and doomerism.
yermin · 63w
Impressive!
Clay Seal · 63w
I already keep my thermostat low but I went sub-60 after reading this.
Badsamm · 63w
I was hoping you told her to get a second job because you put the $5500 on BTC
davesoma · 63w
I stopped listening to people and their jokes. At some point, they realized on their own that I was right, and now they don’t even try to engage with me because they probably feel foolish. Proof of Moped. https://image.nostr.build/cd5636352802b69c44e8ef3d319276dc2c5845bcce8488aacf85211d68d83196.j...
Diyana · 63w
I once won a brand new sparkling red vespa in a random raffle at an Italian festival in Portland out of 5000+ entries. It was cool but I was too weak for it or just hadn't figured how to get it off the stand and I luckied out to sell it for $3500 to a woman collector and just on time before the rain...
Jake Woodhouse · 63w
Brilliant story. Hadn’t heard it before Personally, I love a good moped, so would never mock that, but wow those roi figures are nuts aren’t they Everything is an opportunity cost against Bitcoin… In 2017 I bought a 1980 Mercedes SL with Bitcoin Cash I had just after the hard fork Circa 5k...
Orange Pilled Dictator · 63w
"Moped, mo #bitcoin"
Haggis · 63w
but this is the issue when creating a bitcoin circular economy, I don't want to buy a beer now that in 5 years will cost me thousands in BTC.... it works both ways, Bitcoin can't be used as money until it stabilses enough to not screw your future self off... pizza day is a fine example at what poi...
₿illy · 63w
I already have a good stack, but I’m selling my Tundra right now and will use it to stack some more. And I love this damn truck https://m.primal.net/NSTA.jpg
toxicafunk · 63w
Ridiculed for driving a moped? Tell me you're American without telling me you're American.
Alex · 63w
Sold my Tesla 2 years ago to stack…
satskew · 63w
Reaping the rewards of a low time preference. Inspiring story https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExZ3hpaXZyeGlwb2M5bTFvb2xndDV1cDdnNDViM3pzcG56c3huOG9jYyZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/d30pGW5MDcrdkz0A/giphy.gif
Sandor Clegane · 63w
I hear ya, but better to skip the moped & get one with a much bigger engine that can go as fast or faster than the cage drivers.
Sandor Clegane · 63w
The costs aren't much different & many look the same but they don't handle like it.
Ancap Revolt · 63w
I bought a motorcycle out of necessity, they are so incredibly cheap
21M Comms · 63w
Legend shit right there. Math checks out. Sold my baby to stack. https://m.primal.net/NXOZ.jpg https://m.primal.net/NXOa.jpg
cyberhornet21 · 62w
Instead of buying a second car, I bought an eBike in 2022. I saved over 0.3 BTC, cycled more than 13,000 km, and gained an additional 900+ hours of time listening to Bitcoin podcasts. I cycled through all kinds of weather—minus 20 degrees, rain, ice, and about a third of the distance with a child...
afea · 26w
This story is great❤️‍🔥🫡