It’s a new year, a new month and a new possibility to stack some sats! As per usual, I use 500 dirty euro bucks fresh from my salary and buy Bitcoin with whatever the rate happens to be: this time it was ~41500€ / BTC which translates into roughly 0.012 BTC and increases my total stack to ~4.01 BTC.

I remember a year ago feeling kinda euphoric going into the year ’21. It was the year 21 of the 21st century and we were going into the phase of the 4-year cycle that had previously meant a major bull market. The previous ATH was broken and the sky was the limit as a 6 figure price seemed inevitable during the year. In hindsight it’s easy to say it all felt too comfortable, too certain. And as always, Bitcoin did what Bitcoin has always done and will forever keep doing:

The unexpected.

In my mind the year ’22 for Bitcoin is now like a blank canvas. Theres no historical trends that we can expect Bitcoin to emulate. In a way, the 4 year cycle is broken. Very excited how its gonna progress. But in the end, it doesn’t even matter. Whatever the price – we stack sats. Whatever the journey – hyperbitcoinization in the end.

Let’s take a look at the charts:

The orange line is my BTC stack, always increasing, lately flattening. Finally I got the fourth full coin. It took me 8 months to stack that last 0.1 BTC with an average price of ~39700 € / BTC. At times it felt impossible to reach another 0.1 with the price increasing moving my target further away. But the dips will always come and consistency as in everything else is also the key in stacking sats. I would say 0.1 BTC is ‘the target’ for a newcomer who is starting to buy Bitcoin right now. Do everything you can to get that zero point one. It’s doable and it will play a BIG part in your future. Back to the chart: The green line is the corresponding fiat value of my BTC stack. Back below 200k euros, sidewayish movement recently you could say, with a potential for big swing upwards during 2022. The black dashed line is the total amount of money put in, around 28k€ during the span of over 4 years.

The bars represent every Bitcoin purchase I’ve ever made. Once per month, 52 in total. Buying Bitcoin is something you need to do for a very long time to see the results. You can call me lucky cause I was around in 2018. But I can assure you that every single one of these buys has been under water and this chart looked very boring for a very long time. Bitcoin is mostly boring but when it pumps, it pumps hard. This is good for the patient stacker. Bad for the impulsive trader.

Here I’m comparing my Bitcoin savings strategy to the default savings strategy of putting it all into S&P500. I made this chart because I used to read the early retirement / financial independence blogs where these guys invest as much as possible, basically exclusively, into S&P500. They had figured out it always goes up and it’s the best way of saving money in the long term. So I was interested in how much better performance I can get with my Bitcoin savings strategy compared to these ‘professionals’. And we all know the result: Bitcoin is the best savings technology known to man.

I’ll end with a thought I had one day: The whole world is already using the same money. There is only one money, let’s call it ‘peso’. You are using pesos, I am using pesos and people in Zimbabwe are using pesos. But just like you can have a common water supply with different quality pipes giving you different quality drinking water. You can have a common money with different quality pipes giving you different quality experience with the money. Right now we live in a world where some people have good pipes to the common money, some people adequote, some people bad and some people don’t have pipes at all. Bitcoin is the best possible pipe there can be and it is equally accessible both to the rich and to the poor.

That’s all for now. I hope you have a successful 2022 and end this year with more sats than you start with. The New Years celebration has faded out but today we have an even bigger party with the Bitcoin birthday. 13 years, Bitcoin is a teenager. Hope you have some sparkling wine left. Cheers!

-ERB

Twitter: @RetireEarlyBTC

Ps. Every time I post somebody asks me where I buy my Bitcoin. I can say that I will not disclose it as I don’t wanna endorse the (local) company that used to be Bitcoin only but now also sells shitcoins. However, if you’re gonna buy from somewhere I can at least try to direct you to a great Bitcoin only exchange.

Affiliate link: Swan Bitcoin

Another month goes by mining fiat at the office. Another salary hits the bank account. Another Bitcoin purchase increasing the total stack. Last month of the year 21. Last stacking of the year 21. The price for December was 50410€ / BTC and my usual purchase of 500 euro bucks got me another ~0.01 BTC added to the stack that stands at roughly 3.995 BTC atm. Next year shall start with finally getting that full coin number four then.

The year has been unlike expected. It started with a bam with Bitcoin hitting 60k already in March for the first time. But ever since, price wise no progress and here in December we are currently below 60k again. I was definitely too bullish, thinking we would be way into the six figures already by now. Then again, I also thought that after peaking late 21 we would be up for a ‘normal’ (long) bear market in 2022. But as always, Bitcoin does something you don’t expect.

Hodlers unaffected.

I don’t really care how Bitcoin progresses during the next few years. I know where it’s heading and I know what I wanna be a part of. If it takes a little longer – good I get more time to stack them sats (and so do you). If it gets there faster – also good, can’t really complain when the price rises and you’re already 100% in. Nevertheless, everybody is thinking and speculating how the future is gonna look like. Currently imo it seems we are hovering on a launching pad and next year is definitely *not* gonna be a bear market but a major bull play that will lead to the six figures and above, finally.

In a way it’s weird that the world is much more fucked up than I would have guessed a year ago: More nazis and more clown world mental gymnastics everywhere I look. And STILL Bitcoin is chilling with a relatively modest price. Not what I would have expected. Let’s look at some charts:

The orange line is my Bitcoin stack, next update shall break the resistance level of 4 coins. The green line is the corresponding fiat value (in euros). Still above 200k at the time of stacking (not anymore at the time of writing =D). The dashed black line is the total amount of money put in, roughly 28k€. The year 2021 gave me my first six figures net worth and also doubled it from 100k to 200k. Can’t be disappointed despite the most recent dip. Eager to see how this chart develops in 2022.

The bars represent every Bitcoin purchase I’ve ever made. Starting from October 2017, once per month, 51 in total. As you can see, the historical purchases have given nice profits (obviously) but most of the purchases this year are currently in a modest gain status (<100%). Bear in mind that also the beginning of this chart has looked like 2021 currently looks like. Everything is modest until it’s not. Bitcoin investing is a game of endurance. If you commit, you will succeed. Bitcoin investing is *not* a game of genius bottom buys and smart top selling.

The last chart is my evaluation of Bitcoin as a saving technology. I cannot just look at the gains and feel good without having a reference to compare it to. The reference here (blue line) is the default savings strategy of putting it all into S&P500. Over similar time period if I would’ve put similar money into S&P every month, I would’ve made ~50% gain for the total amount of money put in. Whereas my Bitcoin savings strategy has given me more than 600% gains for the total amount of money put in. It’s not even a competition. All you need to do is have some balls to handle the downturns (like the one right now).

In the end, you wouldn’t even want it to be easy. This is the reason why most of your friends never get into Bitcoin. They are scared. You are not. You deserve your gains.

-ERB

Twitter: @RetireEarlyBTC

Missed another one (last months post), sorry about that! I don’t know how that mofo Marty makes it *every day*. Crazy son of a bitch. Boss. But the most important thing is: One *never* forgets to stack. Uptober price for me was ~40550 €/BTC and my 500€ got me another ~0.012 BTC added to the stack. November price was ~52700 €/BTC and the usual 500€ purchase got me around 0.009 BTC. The total stack atm stands at approximately 3.98 BTC, slowly but surely approaching that four full coins. We got a new ATH in BTC price, I got another ATH in purchase price – never before have I paid so much for Bitcoin as I did this month. I’m also at an ATH in my personal fiat net worth. While we’re at it, let’s look at the charts:

The orange line is my Bitcoin stack, always increasing, slowly approaching no. 4. The green line is the corresponding eurozone fiat net worth, recently shooting past 200k to a new ATH number. The dashed black line is the total money put in, around 27k € over four years (October was my Bitcoin saving 4 year anniversary). Speaking of anniversaries: I’ve started to add Bitcoin holidays to my family calendar. Last Sunday, we celebrated the white paper day with a chunk of beef and bottle of red wine. We will do this every year from now on, and talk about a mysterious guy who released the plan to free mankind of eternal slavery on an online forum. Other celebrations I’ve decided to have: Network launch 3rd of Jan (nice continuation for the New Years celebrations), Pizzaday 22nd May (we will always order Pizza on this day and do a little calculation) & the day Satoshi disappeared (last message) 12th December (Easter vibes). Maybe I’ll add more in time, but starting with these. Outsiders looking at this stuff might say I’m crazy or in a religion =D And I wouldn’t deny. I’m fine with that. A quick comment on the net worth situation: It took me almost 3.5 years to get from zero to 100k net worth. It took me less than 9 months to get from 100k to 200k net worth. I suspect I don’t need to wait for another 9 months to get the next 100k achieved.

Gradually, then suddenly. As they say.

The bars represent every Bitcoin purchase I’ve ever made. Starting from October 2017, once per month, 50 in total. Naturally, I’m on profit with every single purchase and the best ones record more than +1500% gains. These were made in the middle on the bear market and believe me or not, I’ve been at loss with these buys at some point in time. So, no point trying to time the market. Focus on earning (mining) fiat and being able to constantly buy Bitcoin. In hindsight, you will be genius.

The orange line is my Bitcoin savings strategy performance ((Holdings value – money put in) / money put in). The blue line is the corresponding performance of a baseline savings strategy of putting it all into S&P500 instead. As you can see, Bitcoin is clearly the best savings strategy available for mankind. All you need to do, is handle some volatility (your emotions).

That’s all for now! Congrats to everyone who survived the mini ‘bear market’ of last 6 months. Hold on tight, you might catch yourself going through some high time preference emotions when the bull market gets crazy. Hold & Stack. Rinse & repeat. Good luck.

-B

Twitter: @BitsterStacker