First post of 2023! Sorry for everyone waiting patiently for the January post that never came. Too busy / lazy. I have similarly missed at least once before, and it feels like shit tbh to let you down. Trying to not make this mistake again. But, the most important thing is – one *never* forgets to stack. Jan price for me was around 16700€ / BTC and February ~23300 € / BTC. The usual 500€ per month stacking budget brings me to a total of ~4.28 BTC today. I vividly remember breaking that 4 full coins not that long ago, and now its getting closer to 4.5 coins. Slowly but surely is the way to get your stack.
Finally, the bottom is in? After more than one year of non stop crashing. Feels like the ‘crises’ can’t get much worse after war, rate hikes, lending scams and cryptoscams with FTX as the icing. This is about as low as the bitcoin price can crash atm, you would guess. Thought, we are still relative close to the bottom so the stacking season is as good as it will ever be. I have gladly stacked the whole way down, gladly stacking the current price level, and will gladly stack all the way to the new ATH and beyond. It’s one more year before the next halving so if you are someone only recently getting into the stacking business, be assured – you’re not late, but also – don’t wait for a better opportunity. Seize the day. Let’s take a look at the charts:
The orange line is the ever increasing bitcoin stack hitting new all time highs month in, month out. The green line is the corresponding fiat value, possibly having found its bottom, on its way above 100k again. The black dashed line is the total amount of fiat put in, around 35k euros at the moment, over more than 5 years. The average price per coins has been ~8200€ so far.
The bars represent every bitcoin purchase I’ve ever made, once per month starting from October 2017, 65 in total. The best buys from 2018 – 2019 bear market record 600%+ gains atm while the worst from the past two years are giving me nearly -60% losses. Imagine if you would have started stacking only at the beginning of 2021 (I’m sure some of you are this) and all you’ve got to show is the last 2 years of this chart. Painful journey, but has to be made. Bitcoin will test you, one way or another. Worth it in the end.
Here I’m comparing the bitcoin savings strategy to the standard savings strategy of putting it all into S&P500. If there was a guy saving similar amounts of money monthly and buying S&P while I’m buying bitcoin, his performance for the money would be the blue line whereas my performance is the orange line. The S&P strategy would have given less than 30% for the money put in whereas bitcoin strategy has given me nearly 200% even after all of the recent crashing and burning. Basically no competition here, bitcoin is the ultimate tool for savings.
Many of you have asked for my google sheets template for the charts above. I’ve given it to some of you already but next month I’m gonna post it here with some instructions how to use it for your own charts. Stay tuned. And keep on stacking them sats!
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Stack and withdraw to self custody at Swan
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