$39K BTC... Who would have thought that we would see BTC reaching close to $40k just one year after that $15k bottom? A level from where quite a few bears were expecting BTC to fall further down to $10k and even lower levels. The same way greed takes over one's judgment during euphoric stages of the bull market, so does fear influence certain individuals into believing there's no bottom during the bear market.
Life is full of both the unprecedented and unexpected, and in my 37 years of life, I've learned that you should always invite the unexpected into your life and always leave room for change and improvement. We tend to cling to old and dated habits and ways of thinking. A huge mistake that many make is planning their future, or their kids' future, based on the past or current times they live in.
In my photography post yesterday, I introduced Albert to you, a three-year-old toddler who is the son of a good friend of mine. I've known this guy since we were kids, and we have a good friendship despite the fact that he lives away from our little hometown. Ever since his son came into his life, he changed a lot, and I can understand that.
When you have kids, somehow your well-being is no longer the center of gravity. Their joy and happiness take an important place in your life and priorities, and you find yourself embarked on a journey that has only one purpose: the children's happiness and fulfillment.
This friend of mine is renting in the city he is currently living in, but he is seriously thinking of buying a house. He has an apartment here in our hometown, but he wants to sell that and buy a house. He's thinking of that house more like a need for his child than for him.
The price of the apartment won't cover the expenses of buying a new house, thus he needs to either make more money in a relatively short period or take a credit. I have advised him not to go for credit because I don't believe taking credit at the moment, with all the current interest rates, is a good choice.
I also believe that the real estate market is overinflated and will deflate a fair amount at some point in the next couple of years... This is just my supposition. The guy wants to make all these sacrifices for the kid. But...
But will the kid appreciate all of that? Will the kid need a big house when he grows up? Will he want to live his entire life in the current city they're living in? Is investing based on the current way of thinking and values for a timeframe of a couple of decades ahead worth it?
I believe that the general landscape will change a lot in the next couple of years, and the way we make and interact with money is not going to be the same. I'm not saying he should rent until the kid turns eighteen while staking sats so that he can save Bitcoin for his future...
What I'm saying is that sometimes we need to get ahead of the curve. We have to go beyond the current realm boundaries and set the pavement for a future that could/should not be similar in any way to the present times.
Few millennials would have imagined two decades ago the level of impact the internet would have on the economy in the following decades, and here we are currently living our lives where the internet is an integral part of our daily lives. It's like oxygen.
Who knows what the oxygen of the next couple of decades will be, so why would you plan your kid's future based on your current life values and priorities? Why...
Thanks for your attention,
Adrian
I must admit that I am one of the advocates of the old value system. Not because it was popular in my time, but because these are permanent and basic values but...
Today, man must be adaptable, otherwise he loses the race. Predators and victims.
You need to find a middle ground because extremes do not produce results.
Great topic!
Best regards!
Some of the core values are still highly valuable, no doubt about it but envisioning the future based on past and current conditions is not really my cup of tea.