Another month goes by, another salary hits the bank account, another Bitcoin purchase added to the stack! As per usual, I market buy with 500€ taken from my freshly delivered fiat salary, the August price was ~22800€ / BTC which means I got around 0.022 BTC added to the stack that stands at ~4.12 BTC today. It has been a nice summer holiday season and tbh I haven’t been paying much attention to the BTC price nor the drama. So it might be my lack of coverage but it feels like there are no more new additions to the failure series of Luna, Celsius, 3 Arrows etc. A bottom might have formed in the fuck ups!
Gonna jump straight into a random thought I had the other day: Bitcoiners are people I like. They are people with good intentions, high morale, kind, helpful, patient, honest (in other words: ‘toxic maxis’). If I know someone to be a bitcoiner, I can say that I will probably like him / her as a person, as a friend. Kinda useful thing to know.
Is this gonna change post hyperbitcoinization?
Surely I can not like every single person on the planet (or can I)? So if/when everyone becomes a bitcoiner, the rule of thumb (bitcoiners are my people) goes away? Or maybe the exposure to bitcoin will change everyone a bit (has changed me for sure)? Is the useful heuristic going away or is the human species as a whole finding more common ground to build upon? Probably both.
Let’s take a look at the charts:
BTC stack reaching another all time high (party every month!). Fiat value bouncing up, trying to pop that 100k again. Mentally prepared to stack at these prices until the next halving (don’t really think that’s gonna happen) but who tf knows! Have seen many people capitulate on the laser eyes (pussies). Gonna keep them until 100k. Join me!
The bars represent every bitcoin purchase I’ve ever made, starting from October 2017, 59 in total. It has been a rollercoaster and I wouldn’t expect anything less from the future. During the time I made my best buys, +600% gains on the chart, the sentiment was exactly the same as it is right now: a big crash had happened, no idea if it was gonna continue to crash even more, how long I had time to stack at low prices / how long I needed to wait for the next bull. Erbie Stax classifies the present time as a good stacking season.
The orange line is my bitcoin retirement plans performance. The blue line is the performance of an imaginary strategy with similar investments, only bitcoin replaced by the S&P500. I made this chart because I used to be obsessed about the early retirement blogs and mindset. They more or less always buy the S&P because it gives you ‘guaranteed’ +7% performance forever. If I had been doing that with my 500€ per month I would have got a whopping +29% performance after 59 months (gotta be worse than inflation?). Bitcoin on the other hand has given me a nice +200% for the total amount of money put in, even at the bottom of the crash we are currently in. Choose your savings strategy wisely.
That’s all for now! Cut costs, stack sats. Earn some extra fiat, sell some useless furniture (chairs). Don’t go leverage, don’t trade shitcoins, don’t look for yield. Stay away from seed oils & soy. Peace and love.
Yours,
Ps. Many times I get asked where to buy bitcoin. I would buy from this guy at Bull Bitcoin. Or this guy at Swan Bitcoin. And self custody the corn.
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