Green-Eyed

Is it safe to look?

Are the markets turning green again, or is it just my hopium kicking in, looking for another run up the ladder? I don't think it is going to be a straight run back at least, and there is very likely to be one of those "40% red" days to come, but I am still living in hope that we won't have to wait too long for some more quality green and a much higher ATH on Bitcoin. And hopefully soon, some proper loving for the alts.

The green-eyed monster.

Jealous much?

I wonder how many people are having token-envy at the moment. All those people who had the opportunity, but for whatever reason, didn't buy anything over the last few years, now seeing that they could have made a conservative 500% on their investments. Throw a bit into a few alts, and it could have been much, much more.

But of course, there are many reasons not to be able to buy, especially when there is uncertainty in the economy and for employment, as there has been over the last few years, if not more. It is hard to invest anything when at any moment, another financial hit comes, like the extreme increases in the cost of living, energy expenses, and a thousand other costs that never cease their climb upward, to eat more and more of the disposable income, until it is eating into the indisposable, and then cuts need to be made.

I was alongside a new Porsche Taycan S, as I was driving home today, and I felt this slight twinge of envy. Not because of the car itself, but because someone is in a position to essentially throw €230,000 ($250,000 USD) on a car. Even if they don't own it outright, the monthly repayments are a lot higher than my mortgage, as the car is worth a small house. The feeling of "envy" was quickly replaced by curiosity, and I was wondering if other people here, have the same feeling.

I have never been in the position where I would be able to "waste" (personal opinion) significant amounts of money on a depreciating asset. The closest I have come is probably going on a holiday occasionally, where there is no financial return on the experience at all. However, I also wonder what kind of money availability I would need to have to put a quarter of a million into a car. I suspect, it is a lot more than most of the people who are driving around in a Porsche in Finland have.

We each value things differently, giving weight to different aspects of life, while regarding something else as worthless. For instance, I wonder at what point there is a division in the market valuation between Bitcoin ETF and "physical" Bitcoin. At least for me, the "not my keys, not my crypto" policy, holds firm, and a lot of the value that is driving price now, is definitely not on private keys.

As I have mentioned before, there are 63,000,000 millionaires in the world, which means that at full emission and none locked, if Bitcoin was spread evenly amongst them, they could each have 0.33 Bitcoin. Of course, the ETFs mean that they don't have to actually hold Bitcoin, to buy and sell Bitcoin, but it is interesting to note. There are also 3,200 billionaires in the world - I also wonder what percentage of them have crypto exposure. If even a small percentage of these two groups buy in, how many are also going to want to have their keys to their assets, and own Bitcoin.

For me, money is about opportunity, and I wish I had the opportunity to be able to put money on a Porsche, even though I would never take that opportunity, because I don't see the point of spending that kind of money on a car. Though, if I had a lot of opportunity to spend, perhaps there would be a point where I could buy a luxury car. I am not opposed to them, especially the electrics, I just can't warrant spending on it now or in the near future, when there are so many other things that I deem more important for me.

Off the top of my head though, I think that in order to spend on a car like that, I would likely need to have a house paid off, an investment property earning, and a steady source of income from multiple investments, and paid work. I would need to have diversified financial security, with investments of various types, not just a well-paid job.

I am not there yet.

And I may never be, but if I do get to a point where I have significant financial opportunity, I wonder how I will use it, and whether my opinions about what is a waste, will change. I know some people who have gone from nothing to very high wealth and have barely changed. But, I also know of some who have gone from nothing and got a moderate amount, and changed completely. We never really know which we will be, until we are in that position.

There are a lot of jealous people in the world.
No one sets out to be the jealous type.

Taraz
[ Gen1: Hive ]