Another month goes by, another salary hits the bank account, another 500€ gets transformed into the greatest money humanity has seen, Bitcoin. This time with a price of 9020€/BTC which means I got ~.055 BTC added to the stack that stands at a total of ~3.73 BTC today. Every month is a celebration as I’m constantly hitting new ATHs – either in BTC, in fiat or in both. This time it was also an anniversary.
It’s three years in folks. More or less exactly 3 years ago I made my first Bitcoin purchase and it’s been a never-ending dive to the rabbit hole ever since.
My rabbit hole journey has gone through Reddit, Andreas Youtube/Rogan, Bitcoin Twitter, various Trace Mayer content (video, text, audio), the Bitcoin Books & The cream of the Bitcoin podcasts. There has not been a day in the past 3 years when I didn’t think about Bitcoin. I’ve learned a lot, dramatically broadened my understanding of the world, got more confident, got more wealthy and got more optimistic about the future. Hell, I would still be poisoning myself with seed oils if it wasn’t for the crazy Bitcoin carnivores (love ya). This shit takes your life over, in a good way!
I’m a brand new person and I’m grateful for Bitcoin.
It’s funny because Bitcoin really changes your life so much that I realise how dumb/crazy any of this would sound for a no-coiner friend (I don’t dare talk in this tune to them). It’s exactly how a cult freak sounds to every normal person. And of course the cult freak thinks he is right, and that the normies just don’t get it, yet cannot shut up about it. Sounds very familiar =D
Looking back the past 3 years, I’ve spent a huge amount of time and effort for learning what I now know and absorbing everything that makes me as confident about Bitcoin as I am. It’s easy to forget this when I think of or talk to my friends and family who do not get Bitcoin at all (and are not interested in it). They have spent less than 1% of the time I have trying to understand it. Of course they don’t get it. And I can’t force them to invest their time.
I think it was Gigi who said everybody finds Bitcoin when they are ready for it. I think he is right.
Let’s look at some charts:
Approaching the next full coin no. 4. Only a matter of time for that. But coin no. 5 is gonna be more tricky. With the current price, it would take me roughly 18 months to gather one full coin. And I’m expecting spectacular price action in the near future so going from 4 –> 5 coins could take many years. Not to mention six point 15 which might not even be possible. Thats a bummer, but I’ll die trying!
The beauty of constant stacking is nicely presented in the figure above – the orange line only goes up, as it should. The fiat worth on the other hand is kinda divided into 3 phases: the 1st long period below 10k (setting the scene – building the stack), the 2nd phase of bouncing at 20k (refusing to go below) and the current 3rd phase at 30k+ (breaking out). Remember that this 3 year period more or less represents a bear market. I’m not expecting to spend very long at every 10k on the way up. 100k is a nice short term target (next year) and a reason for celebration when it happens.
Above I have basically made a graph of all my individual buys and tracked the return to date. There’s only five purchases that I’m currently down on and 4 of them are very low digits, close to zero. So basically I’m significantly down on only one purchase which happens to be unsurprisingly January 2018, the closest one to the ATH of late 2017. On average I’m up ~50% on every buy. This is probably not the best way to report gains as most investors are interested in annualised gains. Nevertheless, it paints a very concrete image of what’s been happening to the money I continue to put in every month. Also, if / when I need to sell some, I can think of an ‘first in first out’ method and start to sell from the first coins bought.
I wrote about the MicroStrategy news few weeks ago and decided to start tracking the price of MSTR vs. GBTC because I believe the BTC price will be a major factor for MSTR price going forward therefore making the MSTR stock a competitor for GBTC when somebody from the traditional investment world wants to have Bitcoin exposure. Below is the comparison chart with a limited first set of data. Right now I’m updating this chart manually with only a few data points. The chart starts at when I wrote the post. Let’s see if turns out to be an interesting comparison.
That’s all folks. Enjoy these days of relatively low prices, start stacking, continue to stack, increase your stacking capabilities. In short: cut costs, stack sats!
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