Early Retirement via BTC - Volume # 2
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Hi there, hope you’re having a good week. Time flies, we are already at the last 4 months of the year.
This is the 2nd post of my Early Retirement Post, where I share how am I doing on my bitcoin investments.
In case you miss volume #1, here it is: Early Retirement via BTC - Volume #1
🚀Bitcoin Wen Moon?
The current bitcoin price has taken a slump for the last 6 months. Basically, since last December 2023 to March 2024, we teleported up only from around 40k to 74k reaching a new all-time high, since then bitcoin has been choppy, going as low as 49k.
If you’re new to bitcoin this is normal, we are still in a bull market (price going up). This is my first time too in a bull market. I first invested in bitcoin back in 2022, that was near the end of the bull run.
If you’re new to bitcoin, DCA (Dollar Cost Averaging) is the best way to invest. You buy whatever the price is. But this is easy to say but hard to implement. It’s easier to buy when price is going high and harder when price is going down. Even though I’m 2 years into bitcoin, I am still guilty of this also.
I started buying when price is 49k in 2022, I bought all the way down to the bottom of bear market in November 2022 when bitcoin went as low as 20k. When bitcoin was at 16k, I didn’t have any money left.
I still did well because last time I check, my cost basis around 30k, same with MicroStrategy. But this has gone up because I continued buying up to the run up to 74k.
I need to update my records to see what my average cost basis is.
With the September interest rate cuts, US presidential election, liquidity/Global M2 going higher, we might start pumping again anytime now.
💵 Fiat Cost, Market Value and BTC Total Stack
This chart includes:
Fiat (black) - total pesos amount I converted to the best asset ever.
Market Value (green) - the market value of bitcoin in pesos.
BTC Total Stack (units) - the total SATS. This is the most important line; it should continue to go up regardless of price.
🧻 Speculative attack
This section is titled speculative Attack inspired by this article.
This chart visualizes the current value of my BTC stack (orange line) &
The fiat value (including interest) of my fiat debt.
Fiat debt line includes repayments, so it may go down and also up depending if I take on new debt to buy BTC.
I don’t plan to add any more debt as of now. To me the best time to get leverage on bitcoin was for the past 2 years.
From this point on, I think DCA is the best move going forward. But of course, that’s up to the individual to decide.
📺 Bitcoin Content
I published some new articles:
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