Stacking ’em Volume 8 (January 2021)

Twenty-one! What a great year (and century) to have a bull market in.

First bunch of sats stacked at a personal ATH price of 24690 € / BTC. This time I was able to burn 1000€ of dirty fiat money instead of the usual 500€ due to a small Christmas bonus from work. I was able to get ~0.04 more BTC to the stack which grew to ~3.85 BTC in total. Fiat net worth at an all time high, BTC net worth at an all time high (obviously, like every other month).

Wow, what a month. The longest in my life. As I’ve said before – Bitcoin is life extension 😉

It really is a bitter-sweet feeling to stack at these prices. It all happened so fast, just a few months ago I could have had 3x the amount of sats with this amount of fiat I’m burning. On the other hand, my net worth has increased substantially and is nearing 100k euros – something I would have never believed of myself (before Bitcoin) and something that makes the 1 million € ‘target’ feel realistic, reachable, inevitable and kinda close actually. More and more I think I’m gonna hit it this year.

Bitcoin critics at Twitter are currently funny as hell. Amy Something, Peter Zeitgeist and Frances Coppola to mention a few. I’m not sure if the Bitcoin critics have always been this dumb? Or if this is the first time I’m watching such people struggle a thought with a sufficient Bitcoin knowledge myself. Because, tbh, in 2017 I was a fucking noob myself. Still, the level of brainfarts these people let out is amazing. Is the decimal place really that hard of a concept for grown up adults? Apparently it is. Bitcoin has had critics of various levels all the time, even Michael Saylor dismissed Bitcoin in 2013. But the smart people learn as they go and so the crowd of critics that stay gets dummer on average year after year. Just like the 200 week moving average of Bitcoin price has always gone up and continues to go up, the average IQ of Bitcoin critics continues to go down (Figure below). Eventually there will be only one left, with a super low IQ, and he (or she) can’t understand how the rest of the world doesn’t realise something that is obvious to him (or her). Interesting to see who it’s gonna be.

Time for some performance charts:

The orange line is the amount of Bitcoin I’ve managed to stack during the past 3+ years. The green line is the corresponding fiat net worth in euros. The orange curve is flattening while my net worth is shooting upwards. My BTC amount is gonna have a ‘top’ not too far from where I’m at right now (asymptotically approaching all the time), but the corresponding fiat net worth (or purchasing power) has no top. It’s around 95k at the moment, 100k party any day now. What’s amazing is the timeframe all of this is happening. Two months ago I was below 50k still. How’s the chart gonna look like in 2 months from now? How about 4 months? Six? A year? God damn, how am I gonna get any work (at my fiat job) done in 2021 =D It won’t matter though, I’m not planning to stay there for much longer, sovereign pleb life awaits 😉 Next chart.

The bars represent every Bitcoin purchase I’ve made so far. Once a month, starting from October 2017, forty in total. At green (obviously) with every single purchase. On average, I’m up ~300% with every purchase. It’s a simple visualisation of the power of stacking. And also a great motivator for continuing the stacking: Do I wanna spend an extra 500€ next time the salary hits my bank account? Or do I wanna turn it into easy 2000€ by simply using the best monetary technology ever available. Next chart:

The orange line is the overall performance of the money I’ve put into Bitcoin. The blue line is the corresponding performance if I would have used the boomer savings technology, S&P500, instead. Boomer tech would have given me a measly 30% return so far whereas Bitcoin has served me with a 300%+ overall return as we speak. Quick math tells me Bitcoin has been 10x better as a savings technology and I’m expecting it to further outpace S&P during the year. Sometimes I go to the normie investing subreddits to mention Bitcoin but the folks there are simply hopeless (and I’m now banned). Nevertheless, I can’t help but feel sorry for the slaves that are blind to the world and blind to the solution. They will yell ‘Ponzi’ for the next decade and it will always be ‘too late’ to join. The reality is:

It’s never too late and it will always feel too late.

Your only battle will be with your own mind. You must overcome yourself to free yourself with Bitcoin. I can try to help but I can’t help. This has been evident with many of my friends and relatives, even then smart ones. One more chart:

Few months back when MicroStrategy announced their first Bitcoin purchase I wrote a brief piece about MSTR stock and GBTC performance. Since then Ive been updating the above chart which starts at the date of my aforementioned post. I update this chart manually and I’m at times pretty lazy – therefore there’s a hell of a lot data points missing but the trend is more visible with less noise as a consequence. The overall trend seems pretty similar but MSTR is not getting the full boost that goes into GBTC. Though, at times MSTR will get its own boost that is not coinciding with a general BTC/GBTC boost. I initially thought MSTR would be the better pick of these two (don’t ask why) but currently GBTC ‘leads’ with 170% vs. 135% – returns since the start of this chart. Let’s see how it goes during this year, maybe I’m asking for too much from a stock to outperform the king Bitcoin. But if any company were to do it during a bullrun it will obviously be one with a massive BTC stack on their balance sheet.

That’s all for now. Have a great year 21 of the 21st century. I think we will all be surprised by Bitcoin, again. It never seems to fit into our ‘models’. And that is good.

-Bitster Money Mustache

PS. during the writing of this post 100k was broken, popping the bottle right now, cheers!