Grinding the fiat job for yet another month in order to stack some sats! As per usual, I scoop 500€ from the top to buy more bitcoin and live with the rest. This time the effective price was ~39900€ which means I got around 0.012 BTC added to the stack that stands at approximately 4.03 BTC today.
What a rollercoaster are we in. Invasion crash. Sanctions pump. ATH in rubles, not yet in USD. There’s been so many crashes during the past 12 months it makes me feel like we are literally trying to stay on top of this wild horse / raging bull and every time it kicks and jumps some poor souls are flying to the ground aka capitulating and selling their corn. The traders are obviously going rekt, but also some of the ‘holders’ are getting scared and losing confidence. I’m talking about my friend. One of the only ones I’ve ‘successfully’ orange pilled. Sold the bottom, is looking for a long war, some kind of war bear market, and hoping to buy back lower. Wrong mindset. He’s not gonna make it. Hopefully he didn’t sell all he had, but nevertheless will hold less bitcoin going forward. He has done the same mistake earlier and already holds less than he could have by now. He will do the same mistake again in the future. Learn from his mistakes.
Don’t trade.
Whatever kind of shit hits the fan: pandemic hysteria, Elon Musk tweeting, Russia invading, China banning, traders will always lose their shit and their lines on the chart can’t time these events. Hodlers will always be unaffected. Actually, hodlers will be thanking the traders for their cheap coins. Hodlers will be the ones always holding more bitcoin as the time goes by. Traders will be the ones always holding less bitcoin as the time goes by. Anagram for hodler = He, Lord. Anagram for trader = Retard.
The orange line is my BTC stack, the green line the corresponding fiat net worth. Seems to be bouncing back up. Let’s see how long until new ATH. The dashed black line is the total amount of money put in, about 29k € atm. It sounds like a big amount (and it is) but it’s spent during a long timespan of almost 4.5 years. Consistency is key. I can afford to buy with 500€ per month. You do what you can. And try to get a raise, or a better paying job, or start a side hustle. You can always stack more than you’re currently stacking. But the most important thing is: don’t stop. I was at zero gains (actually -15%) at the time of the Corona crash in March 2020. Could have capitulated and said fuck it, this Bitcoin thing is not gonna work. Some did, I would guess. And they must feel like crap now. Prepare yourself for many setbacks and promise to yourself to give it at least 4 years (one full halving cycle). Reassess after four years, if it was worth it and if you should continue. Also, keep learning. You are not simply investing your money, you are understanding something profound of this world. To understand Bitcoin is to understand life. And one does not capitulate on life.
The bars represent every bitcoin purchase I’ve ever made, once per month starting from October 2017, 54 in total. The best buys are currently more than 1000% in profit, seven purchases are currently at a loss ranging from -1% to -24%. On average, I’ve made +400% with every single purchase. The most recent 12 months are kinda flat as we’ve been more or less sideways since early 2021. Who knows how long its gonna last but make no mistake, its going to end some day. And you and me will look back and wish we could buy again with the current prices. So seize the day, stack ’em while you can.
The last chart is the performance of my BTC savings strategy (orange line) compared to a default savings strategy of buying S&P500 with a similar amount (blue line). BTC has given me +450% gains for the money put in, while S&P would have given me only +40% with a similar fiat input. BTC wins hands down, 10x performance as we speak, 100x some day in the near future. I truly feel sorry for the working men who’ve been busting their asses off while trying to save with the S&P (or god forbid some random bank product) not knowing there is the best savings technology known to man available for everyone who chooses to use it. But of course, you need to know about it to make that decision. You and me know it, let’s make our best effort in using it.
That’s all for now! Back to mining some more fiat, and I’ll be back to stack more sats in April. May your hodl be strong during these volatile times and may your stacking abilities be maximised.
Twitter: @RetireEarlyBTC
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