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
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