Thread by @Route2FI

The biggest risk with doing crypto 24/7 isn’t necessarily to lose money, it’s the opportunity cost of wasting your time.

A short story and some philosophical thoughts:

/THREAD

Let's look at a short fable that explains my point very accurately.

Then I'll share my takes on the story afterward.

"The Miser And His Gold"

A Miser had buried his gold in a secret place in his garden.

Every day he went to the spot, dug up the treasure, and counted it piece by piece to make sure it was all there.

He made so many trips that a Thief, who had been observing him, guessed what it was the Miser had hidden, and one night quietly dug up the treasure and stole it.

When the Miser discovered his loss, he was overcome with grief and despair. He groaned and cried and tore his hair.

A passerby heard his cries and asked what had happened.

“My gold! O my gold! Someone has robbed me!” cried the Miser.

“Your gold! There in that hole? Why did you put it there? Why did you not keep it in the house where you could easily get it when you had to buy things?”

“Buy!” screamed the Miser angrily. “Why would I ever buy anything? I never even touched the gold. I couldn’t think of spending any of it.”

The passerby picked up a large stone and threw it into the hole.

“If that is the case,” he said, “cover up that stone. It is worth just as much to you as the treasure you lost!”

I really like this story, because it reminds me of how life is for me and probably a lot of other people in crypto.

We're just chasing numbers on a screen. Several times per day we're checking our portfolio to see if it's all there.

To see if we've lost or gained money.

Ask yourself how many hours you spend per day on crypto.

By that, I mean how much time do you spend on watching the screen, apeing into DeFi platforms, talking with others about crypto, thinking about it, writing etc.

I'm sure it's more hours than you can imagine.

The biggest risk with doing crypto 24/7 isn’t the lost money, it’s the opportunity cost of wasting your time.

It's a life lost to chasing money.

I'm all for changing your life, but after you hit a certain number, maybe you're better off participating in more passive strategies and taking some of your time back to spend it with your loved ones.

Because isn't that what our end goal is with making money?

To live the life we want, and to spend it to increase our quality of life.

Ask yourself if you're just like the Miser who only watches the gold, but never spends any of it.

Because, if you never plan on touching your surplus gold (crypto money), why not live life a little too?

You can't take your money with you into the grave.

PS! This writing is as much a reminder to myself as to you.

If you liked this thread, I would love it if you could share the first one by retweeting it

👇

https://twitter.com/Route2FI/status/1498759454464032768