Another month! Another fiat delivery to the bank account. Another Bitcoin purchase. Price for early June was ~30100 € / BTC and my 500 units of dirty euro bucks got me another ~0.016 BTC added to the stack that stands at ~3.91 BTC today.

What. A. Month. Brutal! If you’ve heard someone say ‘don’t trade’ and wondered why, now you know. Many people got rekt. They were right. They bought bitcoin. They believed in bitcoin.

But they got greedy.

They wanted more than stacking could buy. And so, they decided to deposit their precious sats on an exchange and borrow fiat to buy more. They thought it was gonna be easy since we are in a bull market. But bitcoin is always gonna do the thing you don’t expect. When you think it’s gonna go down, a green dildo will show up from nowhere. When you think it’s only gonna go up, there will be falling knives to catch. BUT if you simply stack and hold: Hoo-fucking-ray it’s a discount!

This is what Matt Odell means by ‘stay humble and stack sats’ (I think).

On another note, one hero down (again). The brilliant writer / podcaster Robert Breedlove started to shitcoin. I’m as amazed as I was in early 2020 when Trace Mayer did the same unthinkable sin. What the fuck, Bob? At least Trace understood to vanish after such a trick. But Bobby tries to double down and word his way into some kind of relevancy. I believe he will end up blocking every real bitcoiner and having a noob audience to which he will sell some shit. I have no insider info but my guess is he did exactly what was talked about above: he got greedy, traded with leverage, ended up losing all of his bitcoin, was not ready to start stacking from zero, decided to shitcoin his way into having a stack again.

Sad.

Something I thought about a few days back: my stack of 3.91 BTC is valued approximately 120k € atm. When I started to stack in October 2017, the price was roughly 3700 € / BTC. With those rates my current fiat amount translates into ~32 BTC. That’s a big fucking stack! I would’ve never thought I would be able to have as much BTC (and of course, I don’t and never will). But in a way my current situation is similar to someone who had 32 BTC back in October 2017. This feels magical. I feel like a whale. There were times when I was kinda sad realising I will never have 10 or more BTC. Ten coins seemed like a good target (in 2017) to aim for but unfortunately too far away with my salary and ability to invest. Measuring my current fiat net worth in 2017 BTC makes the progress feel more significant than simply looking at the fiat total rising. This is something you can also do. Don’t feel bad if you think you ain’t gonna get that 1 full coin. Focus on getting 0.1 BTC and when eventually BTC gets to $400k, you can look at your net worth and feel like having a full coin in mid-2021.

I don’t know, maybe I’m retarded to think like this. Let’s look at the charts:

The orange line is my BTC stack, the green line is my stack measured in eurozone fiat, the dashed line is the total money put in. Getting closer to the next full coin, nice little progress towards the fourth with the aid of the recent crash in price. Fiat net worth took a big dump, but in all fairness still above levels seen only 4 months ago. A stackers mind is a calm and clear mind. The dashed total is slightly below 25k€.

The bars represent every bitcoin purchase I’ve made so far. Once a month, starting from October 2017, 45 in total. Gives a good picture how insignificant the recent price crash is in the big picture. Every purchase up to February 2021 is still on profit. The best buys are still close to 1000% on profit. Only the most recent purchases are at a loss. The stacking shall continue. Month after month. There will be bumps on the road, get used to it. If stacking was easy, all of your friends would be rich already. But they are not. You are gonna be. That’s because we have the balls to stack this motherfucker. Be proud of those battle scars. No pain, no gain, and so on and so on.

That’s all for now! Hope you’re all having fun stacking the dip that we have been given. Make the best of it, soon it will seem like an opportunity far far away. Eagerly waiting for the 2nd leg of the bull market that will get us to 6 figures in BTC price. Have a great summer!

-B

Twitter: @BitsterStacker

Whooh! Another month, another salary, another Bitcoin purchase! Price paid was 38440 € / BTC which means I got ~0.013 BTC added to the stack that stands approximately 3.88 BTC today. Feb close for Bitcoin was another ATH so naturally this latest purchase was the highest price I’ve ever paid for Bitcoin. That’s five in a row now – monthly closes and buying the tops.

February saw a nice hike in the price following the Tesla announcement. Also a hefty correction after the pump. January was similar so maybe we’ll get a pump & a dip every month throughout the year! =D I could live with that. Though it’s already mid-March so better get busy Bitcoin if it’s to be continued like this.

Last month also saw a new indicator emerge in my personal life. A good friend contacted me about Bitcoin! That was a first. I have talked to several friends about Bitcoin throughout the years, one of them actually bought at the bear market bottom in 2018, and is now a hodler. I’m very proud of that fella, though every now and then he’s still asking ‘when do we sell?’ and thinks I’m kidding with answer ‘never’. But this was the first time a friend wants me to tell how to buy Bitcoin in a bullmarket. Some might say its a classic top indicator, and I would agree if we were talking about anything else than Bitcoin. There simply is no top and traders will get rekt (always and this time especially). So whatever ‘top indicator’ you see during the year – ignore. Focus on stacking and focus on holding. Holding is *not* easy. You do not want to switch to fiat with the intention to ‘buy back lower’ and watch Bitcoin melt some faces with a gigantic pump. But yeah, this was a new experience – a friend getting interested. Eagerly waiting for the next one and already guessing who it will be. Let’s look at some charts:

The orange line is my BTC stack, getting that 4th full coin is gonna get hard AF. The green line is the corresponding net worth measured in eurozone fiat. The chart is actually outdated with the early month prices (purchase price), with the current price I’m already close to 200k. It’s kinda wild this price action doesn’t spark too much emotions. That is because I’ve been waiting for this for 3+ years. It’s has all been expected and now that it’s actually happening it’s nothing new for my brain. Eagerly waiting for the state of bull market when my cool starts to wear off.

The bars represent every Bitcoin purchase I’ve made so far, 43 in total. Obviously on profit with every single purchase, the best ones in early 2019 have recorded +1000% gains. On average, I’ve made +500% with every purchase. It’s a nice visualisation and motivation for future stacking. Don’t you dare stop stacking. There’s always another 10x to be made! Only a matter of time 😉

The orange line is the performance of my BTC savings strategy. The blue line is the corresponding performance of an S&P500 savings strategy with identical input money. Bitcoin strategy at 500%+ gains vs. S&P hardly over 30% for the total money put in over 3+ years. Bitcoin has been more than 10x better as a savings technology and the bull market is just getting warm. It must feel like shit to hold majority of your money in S&P while watching Bitcoin go crazy and not understanding how it’s possible, not expecting it’s gonna continue. Do your research and get off zero!

I’ve been comparing the performance of GBTC and MSTR after MicroStrategy announced their first Bitcoin purchase. The above chart is maintained manually and missing a shitload of data points but paints an interesting overall picture nevertheless. There were times when MSTR was lagging the Bitcoin (or GBTC) performance. In early February, MSTR was significantly over performing GBTC, lately cooling off a bit, still ahead. Interesting to see how the relation is gonna develop over the year with the moves Saylor keeps making, and the Bitcoin ETFs that are coming available.

Gonna leave you with a thought (most likely not original but something i though of today):

With a rising Bitcoin price, more and more people will become free – of their daily jobs, of their crazy government bureaucrats. Eventually the Bitcoin price will hit 100k and we’ll have a certain number of free men thanks to Bitcoin. Then 1 mil and a bigger number of free individuals. Then 10 mil and so on and so on. I foresee a ‘Bitcoin nation’ that will consist of millions of people that are among some of the best human race has to offer. It will be a nation on web. The population only goes up (PgU technology). The more people ‘Bitcoin nation’ has – the better off the world will be. I’m gonna call this ‘the promised land’ and eventually every human on earth will be a member. What a time to be alive.

-B

Twitter: @BitsterStacker