This is a story of stacking sats to glory. Hopefully that is, as I’m not there yet. But a good way to the journey and confident to get there. I decided to take you along, let you know about the mistakes I made, the feelings I lived through, the feelings you might also get, and whatever else related comes to mind.
My journey started during the great bull market of 2017. I was of course a complete noob and made all the noob mistakes. Bitcoin is a hard thing to get, and even when you think you got your head around it, it will take another year to really get it, and even then you probably still don’t get it. Patience is needed. And motivation. You need to have genuine interest for Bitcoin to fall down the rabbit hole and come out victorious. Nobody can force feed this information to anyone and nobody can understand it for someone else. What you can do though, is spark an interest and hope that the person goes on to fall to the rabbit hole by himself. Or alternatively, just keep it to yourself. That’s also fine. Actually, that’s why this blog starts now (2020) instead of then (2017). I decided to keep it to myself, which seemed like an OK decision back then. But looking back to all the bear market drama, I’m regretful that I didn’t keep a weekly diary reporting it all: the feelings, hesitations, dedication, bad and good takes etc.
Stacking sats is a way to say buying Bitcoin. But it has a reoccurring ring to it. You stack sats every paycheck (for example) as opposed to buying Bitcoin with all you got. Stacking sats is a great meme but there’s little concrete evidence of what can be achieved and with what timeframe when you devote to stacking sats religiously.
A few years back I ‘found’ financial independence / early retirement sphere, the likes of Mr Money Mustache etc. Never had I thought one could live ‘free’ without the need for a monthly paying job. Never had I also understood anything about the markets and/or investing. I then became obsessed and read more or less everything related to the subject. I started to invest in stocks for the first time in my life. I was ~30 and thought why the hell had nobody told me about this stuff earlier.
After finding Bitcoin the two things merged. Financial independence and Bitcoin. Saving in Bitcoin. Frugality and stacking. I began to put aside 500€ every month and buy Bitcoin with it. This is a story of how it has been, monthly reports of where I’m at, where are we going, and eventually – victory.
The target is enough Bitcoin to declare myself financially independent – I have figured this amount to be 1 million €. Of course when that is achieved, the journey goes on. More will be stacked and Bitcoin will continue to appreciate. But that shall be the initial target and the point in time when victory will be declared.
Cut Costs, Stack Sats
-Bitster Money Mustache
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