Another month grinding the fiat job, another salary hitting the bank account, another chance to stack some sats! We go ‘all in’ again and buy whatever we can (In my mind I’m going all in once per month instead DCAing on a monthly basis). In my case it means I put 500€ aside, squander it at Bitcoin, and live the rest of the month with whatever is left. The price I got for my purchase was ~40400 € / BTC which means I got ~0.012 BTC added to the stack that stands at ~3.96 BTC today.

A LOT going on in the BTC world. Last month I thought the dip was over and we would continue with the autumn bull. Well, I still do but we’re not quite lifting off atm. Instead, we got a dip after a dip after a dip. China doing this and that, with a reflection on the short term BTC price.

Hodlers unaffected, traders rekt.

Bitcoin holding is the marshmallow test for adults. The natural (instant gratification) instinct is to eat the marshmallow and trade the BTC. But if you eat it, you have no marshmallow left and if you trade it you have no BTC left. Try to resist the first few urges. You won’t even think about it in no time.

Strike & Twitter joining forces to implement Bitcoin. Seems like a big deal. Bitcoin is the kind of thing that won’t go away and will only grow (not talking about price now). Day after day, year after year. Bitcoin adoption will only grow. Must be hell to be a Bitcoin skeptic and watch things play out. Serves them right, though. Let’s look at some charts:

The orange line is my BTC stack, the green line is the corresponding worth in eurozone fiat, the dashed black line is the total amount of money put in. Time of data is the beginning of every month which is the time I make my purchases. Looking forward to breaking that 4 full coins & 200k eurofiat line, which will come first is the only question.

Here’s a bar chart representing every Bitcoin purchase I’ve ever made. Once per month, 48 in total. Next month marks the 4 year anniversary of my first Bitcoin purchase. Four long years that have changed me as a human, for the better. Very grateful for Bitcoin, grateful for bitcoiners. Someone asked how I’m gonna pay taxes when I eventually sell some coins. I think it’s going to be FIFO (first in first out) and this data will make it easy.

Here’s the performance of my Bitcoin savings strategy vs. a standard (and poor) savings strategy of putting it all into S&P500. Bitcoin has given me a 500% profit for the money put in whereas S&P would’ve given me 50% profit for the money put in during these 4 years. People say you should put 5-10% of your savings into Bitcoin. Start small and all. I get it. Kinda. But the more you know, the more it seems dumb to restrict your exposure. I’d say go 100% all in. If it feels risky, you need to read some books about Bitcoin and try to understand what we are dealing with.

Small exposure means you don’t really understand Bitcoin.

You may not like it, or agree with me, but that’s the way it is.

-Bitster

Twitter: @BitsterStacker

Time flies! Sorry to everyone who’s been waiting for the August monthly post only for it to arrive on the 30th. Trying to behave better from here on out. But the important thing is – one *never* forgets to stack. August price for me was ~33600€ / BTC and the usual 500 eurobucks got me another ~0.014 BTC added to the stack that stands at 3.95 BTC at the end of August.

Last month feels like ages ago, because the Twitter sphere was pretty much bearish during that time BTC hovering slightly above 30k dollars. But the bears got slaughtered like they always will and Michale ‘BS’ (Big Short) Burry deleted his Twitter account. Maybe its too early to celebrate the continuation of the bull market since we’re still below the previous top of 60+ something bucks but it all feels pretty unstoppable now. The fiat clown world is crumbling before our eyes and we are just waiting patiently for the inevitable.

Let’s take a look at the charts:

The orange line is my BTC stack, always increasing, lately flattening. The green line is my stack measured in eurozone fiat, latest ‘crash’ clearly visible but bouncing hard and aiming towards new highs. When? Doesn’t matter. Could be next month, could be next year. All I know is the stacking shall continue. The dashed black line is the total amount of money put in, around 25k€ at the moment.

Here’s a bar chart representing every Bitcoin purchase I’ve ever made, once per month, almost 4 years in total. There are only 3 months that I’m on loss and all of them are obviously very recent. When investing in Bitcoin you gotta have a long time horizon and ignore everything that you’ve been doing the past 1 year. Every single one of these buys has been on negative returns at some point in time. Also the ones currently giving me 1000% returns. So don’t try to catch a bottom. Try to be able to keep buying. Mining fiat to buy Bitcoin.

Here’s the total performance of my Bitcoin savings strategy compared to a ‘normal’ savings strategy of putting it all into S&P 500. My Plan B has given me a total of ~400% return on the money so far compared to S&P giving slightly below 50% returns. S&P investing is the smooth & boring way to go if you have enough money already and only wanna keep the purchasing power. Perfectly fine if you have heart problems, peeing problems or if you’re a pussy. Bitcoin on the other hand will deprive your sleep, cause anxiety, make you doubt yourself and in the end make you rich.

Since MicroStrategy came public with their Bitcoin reserve strategy I’ve been comparing their stock and the GBTC price charts as my understanding during that time was that GBTC was the way to go for ‘traditional’ investors who wanted some Bitcoin exposure. MSTR provided an alternative as surely it would start to perform in tandem with Bitcoin. With all the debt they’ve been getting to buy bitcoin you could almost think of the stock as a leveraged Bitcoin instrument. And surely enough it has been performing better than the GBTC during this time.

Thats all for now. Summers up but the autumn bull shall take from here. Happy stacking!

-Bitster

Twitter: @BitsterStacker