Another month goes by grinding at the fiat mine, another dirty fiat salary hits the bank account, another stack of sats taken out of the market by yours truly! As per usual I make a 500€ hair cut to my monthly budget and market buy Bitcoin with it. October’s effective (fees taken into account) rate was ~19870 €/BTC and I got another ~.025 BTC added to the stack that stands at roughly 4.17 BTC at the moment.
It’s also an anniversary this month. It’s been 5 (long) years since I started stacking bitcoin every month. Five years ago I set myself a goal of 1 million euro stack, at which point I would be comfortable quitting my fiat job and ‘freeing’ myself of the need for a fiat mine (hamster wheel).
Initially, I thought 5 years would be enough but as it stands I’m currently less than 1/10th of the way to a million. Not feeling sorry for myself, and not saying its gonna take 50 more years to accomplish, but just letting you know how I estimated back in the day. The current ‘feeling’ is its going to happen during the next bull market which might not happen earlier than ~1 year after the next halving. This, of course, based on past bull markets 2017 and 2021. So, mentally prepared to stack at these prices for the next 2-3 years. But of course, as with Bitcoin always, nobody knows and Bitcoin’s gonna do what it always does:
The unexpected.
You get the gist from the legend, but the orange line is the size of my forever growing BTC stack (left axis), green line is the corresponding value in dirty eurozone funny money (right axis), black dotted line is the total amount of money put in (right axis). Keep in mind this chart is made by my monthly purchase datapoint so you are missing the true ATHs and deepest crashes that often locate somewhere else during the month. For example, during the Corona crash of March 2020, my stack value was briefly -15% below the amount of money put in, but you can’t see the green line dip below black dashed line in the above figure during that time. This is something I like to point out of my own journey to more recent stackers: During March 2020 I had been stacking for a pretty long time, ~2.5 years, and my bitcoin strategy was giving me negative gains. Did it suck? Yes. Did I quit? Hell no. Think about if you started to stack today 500€ per month and in March 2025 you would have nothing to show for it. You would have been better off stacking that fiat to a bank account. This is what you need to prepare for, mentally. Stacking bitcoin (and holding bitcoin) ain’t always easy. Your hodl and conviction will be tested. One way or another.
The bars represent every bitcoin purchase I’ve ever made, starting from October 2017, 61 in total. The best buys were made of course during the bear market 2018 – 2019 and they still give me more than +500% for the money. The worst buys from last 2 years are down -60%. On average, I’ve made +130% with every single purchase.
The orange line is the performance of my bitcoin savings strategy. The blue line is the performance of a similar strategy (same amount of fiat used, similar purchase dates) but with bitcoin replaced by the S&P. This is in a way the standard savings strategy for someone who does not understand bitcoin and wants to systematically save every month. I’m basically trying to find out how much superior the bitcoin strategy is when compared with a ‘normal’ savings / investment plan. The verdict is, even at the bottom (?) of the current bear market, the bitcoin strategy is 10x better when compared to S&P strategy (15% vs. 150%). During the next bull market this difference will most likely hit 100x leaving fiat bros in disbelief. Choose your savings strategy wisely, folks.
That’s all for now! Happy accumulation to fellow stackers, remember to celebrate the next Holy day that is the white paper day at 31st October. Let’s rebrand that fiat as fuck Halloween ;D Cheers!
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