I started wondering how it would have felt if I had found Bitcoin earlier than I did. Everybody dreams about this. In hindsight it feels it must have been easier: easier to stack, easier to succeed, easier to get the everlasting riches (and BTB). Turns out it most likely would have felt exactly the same. Just as hard to stack, and just as long road to success. Let me explain:
I started buying Bitcoin in October 2017. The ATH was about two months later, December 2017. What if I had started to buy Bitcoin ~2 months before (Sept 2013) the previous ATH? Where would I have been after a similar journey of stacking, nearly 3 years later (June 2016) and what would have happened the following year, 2017?
Turns out with constant monthly buys of 500€ between September 2013 and July 2016 (35 months, the exact same time period as my current stacking has been), the total would stand at ~62 Bitcoin which at the time was worth around 36k€ (Figure below). Even the most recent pump is visible in this chart of what could have been =D pretty amazing stuff.
If you go and check my progress from the previous monthly update, the total is shockingly similar – around 36k€. The shape of this imaginary journey from Figure above, also seems very familiar: BTC accumulation phase when the net worth in fiat more or less stays the same or slightly decreases. And of course, less BTC stack growth when the fiat net worth shoots up due to price increase.
This leads me to my moonmath: If I’m currently in an identical situation fiat net worth wise, I might as well assume I will continue on the same trajectory. Let’s extend the chart above to include the totality of 2017 bull market:
I have circled the fiat net worth increase that was presented in the first Figure. And which I’m also currently experiencing (assumably). Take a look how the chart develops after the red circle: this is my blueprint for the next year (2021), and although I’ve not realistically dreamed of hitting the 1 million net worth next year already. God damn, it might just happen sooner than I realize.
We could further extend the chart to include the bear market lows of 2018 but I wanna end on a high note rather than giving you nightmares =D
Success with Bitcoin is relative and proportional to the time you dedicate to it. There are a lot of early adopters who sold all of their Bitcoins early. There will be a lot of late adopters who hold for decades. Don’t be sorry for missing out on the ‘easy years’ of early Bitcoin history. It was just as hard in the early days and if you’re not gonna buy and hold right now, most likely you wouldn’t have bought and held back then.
Start stacking. Have conviction. Survive the bear. Ride the bull –> Success.
– Bitster Money Mustache
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Cheers! I don’t know, maybe you can read them all in a chronological order – there’s not so many yet.
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