Another month, another salary, another Bitcoin purchase. This time with a price of 8670 €/BTC which means I got ~0.057 with my 500€ recurring buy and the total stack stands at roughly 3.68 BTC. Slowly but surely I’m grinding another .1 after .1 and it feels quite good tbh. If you have a short time horizon, these smallish purchases can sometimes feel useless in the bigger picture. Therein lies also the risk of not doing it at all since the single purchase is close to ‘meaningless’. This, I believe, is also the reason why many people still don’t own any Bitcoin. They might have been years on the sidelines thinking they missed the boat already. They are waiting for something that will never come: a big amount of money available combined with a large dip in Bitcoin price. They might get one but not the other. And even if they got both, they would be too scared to buy because it’s ‘going down’. And then it’s ‘too late’ again when it’s back up. I’m gonna call this the Bitcoin tradeoff triangle:
If you have a dip in price and balls to buy – you’re not gonna have a very large amount of fiat to put in. If you have a large amount of fiat and you’re convinced to buy – you’re not gonna get your dip in the price. If you have a large amount of fiat ready to go AND a dip in price – too bad you’re gonna chicken and wait for an even larger dip and miss that opportunity.
This is why you buy every month. Easy for the brain, easy for the heart, no need to lose your sleep over any sort of price action / Bitcoin drama. Believe me, I’ve seen it all during the last 3 years. There’s been +40% moves in 24h. There’s been -85% drop in 2 months with seemingly no bottom for the price. There’s been China bans, hacks and forks and attacks. Right now, some poor trader is losing his shit over this pathetic drop from $12k to $10k while I’m genuinely happy of the dip that happened to coincide with my payday and recurring buy. Let’s have a look of my journey so far:
You can see two big hikes in my BTC total amount. First, in the very beginning when I sold all of my stocks (less than 1k€) and bought Bitcoin with the amount. And second, in Jan 2019 when I got a bonus from work (put it all in Bitcoin) and luckily the price was at the bear market bottom. That month alone gave me more than a half of Bitcoin and it clearly shows in the figure above. The rest has been quite stable progress according to the chart. Surprisingly stable to be honest. It certainly feels like the price has been up and down like hell during the last 3 years. Still, the stack has grown in more or less constant pace. Seeing this chart gives me a great motivation boost actually as I can clearly see that stacking still pays off. Soon I’ll shoot past 4 BTC and it would be nice to get over 5 BTC before the eventual price increase will flatten the curve.
Hope this gives you motivation to start stacking, keep on stacking and make that extra sacrifice to increase your stacking capabilities.
Cut costs, stack sats.
-BMM
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