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
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