Day: January 10, 2025

My wife and I passed on a family wedding due to a ‘no-child’ rule. We’re now attending a friend’s nuptials without our kids. Are we hypocrites?

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Five years ago, I was invited to my cousin’s wedding in Portland, Ore. There were no children allowed. We couldn’t take our 2-year-old and didn’t really have someone to care for her (I don’t think that we asked my in-laws to care for her that weekend).

This Memorial Day weekend, my wife and I are going to a longtime friend’s wedding in the Caribbean. My in-laws are coming to watch our 7-year-old daughter and her 2-year-old sister (we now have a house with a bedroom where they can sleep).

Am I a hypocrite for going to this wedding and not the family wedding?

Guilty Guest

Related: My girlfriend and I are having a symbolic ‘wedding.’ She does not want to lose her health benefits — and I don’t want to lose my shirt.

Dear Guilty,

Your money, your choice.

Attending a destination wedding is expensive, so you should only go if you want to go. You could have sent your family your regrets, adding, “We’d be there in a heartbeat, except we don’t want to go.” Most people would not be so blunt. They’d weigh up the pros and cons (“we don’t want to leave our child alone for three days, it costs a lot of money and it’s not worth it as we won’t have that good a time to justify the hassle”) and send a gift and their regrets. The hosts don’t need an explanation, and you don’t owe them one.

There are also a few things that are different this time around. 1. You’re no longer new parents, so you have more bandwidth and willingness to travel without your child and you’re probably less sensitive about the no-child rule. 2. After years of married life as parents, you understand the mental-health benefits of getting away by yourselves. 3. The location is more exciting this time around. 4. You may like this couple more and have a better connection with them. 5. You can choose your friends, but you can’t choose your family. 

Destination weddings and a ‘no-child’ policy are two ways to whittle down the guest list.

They are two different weddings in two different places, so you have the right to choose one over the other. This poll by the personal-finance platform LendingTree found that destination-wedding guests spend about $1,400 on average, including on travel, gifts and personal items, and they spend upwards of $2,500 for such weddings outside of the U.S. That’s close to a monthly rent or mortgage repayment for most people, and it’s money that you could spend on your children’s schoolbooks and clothes, and/or summer camp.

What’s more, destination weddings are expensive to host and expensive to attend. So having a wedding in a far-flung location is one way to whittle down the guest list; you get to invite people who expect to be invited, but you know a higher percentage of those invitees will send their regrets, while closest friends (for the most part) will probably be more likely to attend, especially if they’re there with a larger friend group. The “no-child rule” is also a way of whittling down the guest list. Many parents won’t leave their kids at home.

Here’s my macro take for anyone who is invited to a wedding, whether it’s a destination or otherwise. The world doesn’t stop just because two people are getting married. You don’t have to turn your life upside down, fly in the in-laws to mind your children, and spend thousands of dollars on gifts, clothing and air fare and hotels to show up for a couple to say “I do.” The best weddings I’ve attended have been held in a village hall in the English countryside or the backyard in a house in Long Island. 

The bigger the fuss, the more stress. That’s why micro-weddings are growing in popularity. 

The bigger the fuss, the more stressful the wedding. That’s why micro-weddings are growing in popularity. People understand that intimacy and having a wedding without the need to post pictures on social media adds value to the day for everyone involved. It turns it from an off-Broadway production that nobody wanted to see into a special event that not only doesn’t cost $30,000 (the cost of the average wedding if you believe some wedding websites) but has that rare quality in the 21st Century: privacy.

Does anyone remember when weddings were supposed to be fun? Your relatives who married five years ago don’t need to read about your friends’ wedding on Instagram META, but nor do you have to hide it from them if it comes up in conversation. It’s a different wedding, at a different time of your life and, therefore, you made a different decision. If they are truly concerned about people who sent regrets to their wedding and had the nerve to attend another destination during their lifetime, they have bigger problems than the one contained in your letter. 

Enjoy your guilt-free trip to the Caribbean sans kids. 

Related: ‘Marriage sure does make love suck’: My fiancée wants a big, expensive wedding — I want to a downpayment for a house

You can email The Moneyist with any financial and ethical questions at qfottrell@marketwatch.com, and follow Quentin Fottrell on X, the platform formerly known as Twitter. 

The Moneyist regrets he cannot reply to questions individually.

Previous columns by Quentin Fottrell:

‘We’ve had two cars for 40 years’: With congestion charges, insurance and gas prices — should we sell our second car? Or will we regret it?

‘I’ve never been happier’: I married a wonderful lady from Ukraine. I have two successful kids. Do I put my wife on the deed to my home?

My sister made frequent withdrawals from the ‘bank of Mom and Dad.’ Now our family is torn apart. What can I do?

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Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis

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DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ —  Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors. Past week’s data indicates heightened uncertainty in market dynamics ahead of Trump’s anticipated Jan. 21 inauguration, highlighting shifting investor sentiment during this significant political transition.

Key Insights:

Perpetuals Took a Winter Break: The perpetual swap market experienced a notable decline in liquidity over the holidays, with trading volumes winding down throughout Dec. 2024, leading to decreased realized volatility across the market. Notably, open interest maintained stability compared to levels preceding the great expiration of options contracts in Dec. 2024, indicating conservative positioning and limited hedging activity in perpetual swap markets.

Wide Disparity Between 30-Day Implied Volatility and 7-Day Realized Volatility: ETH’s options markets signalled an unmistakable preference for call options. In contrast,  BTC’s open interest is rebalancing after the expiration in Dec. 2024. Both ETH and BTC have experienced notable changes in their term structures heading into the new year. The sharp divergence between implied and realized volatility is at its largest since the U.S. elections, suggesting that options traders are paying a premium to price in a higher level of risk or volatility despite the calm at the surface.

ETH Calls Gaining Traction 

Sources: Bybit, Block Scholes

There has been a reshuffling in ETH open interest. While put options still hold sway in terms of total volume, call contracts have seen an uptick after Dec. However, the optimism comes with a caveat—the decline in realized volatility in the year so far has given options traders pause. The volatility term structure has steepened further, with short-term volatility (measured at a 30-day tenor) still sitting more than 15 points above its realized counterpart. This gap is the widest since the pre-election period of 2024, when geopolitical uncertainty fueled volatility premiums. Today, however, the premium seems driven more by general speculation than by any specific event. Even as the market settles, investors remain cautious, signaling looming uncertainty.

Access the Full Report here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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