Early Retirement via BTC - Volume # 3
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💸This newsletter is focused on achieving Early-Retirement through Bitcoin!
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🚀Bitcoin Wen Moon?
We haven’t had new highs yet, the last high was $70k something around March this year. Price is currently at $64,000
Most of the tourist that bought bitcoin when price run up from 20k last October 2023 to as high as $70k this March 2024 are probably now gone.
If you are new to bitcoin, you are probably bored also, but this is what bitcoin does, it shakes out greed and fear constantly. It doesn’t matter how good of trader you are; you probably can’t predict its day-to-day week-to-week or even month-to-month moves, the best you can do is just DCA. Bitcoin will shake out investors through its volatility.
We went from $20k to $70k in just matter of months, then went back down to as low as $49k.
The conditions for bitcoin to have another parabolic move is now present:
FED easing
Global liquidity going up
It’s just a matter of when we will see another run up. $100k bitcoin is still possible this year, if not this year, maybe Q1 2025 (not financial advice).
💵 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.
I now updated this chart to include my traditional IBKR portfolio. That is why there is an uptick on the cost (black line) and market value (green line).
My total sats haven’t increased that much ( the orange line) because I’ve been buying a lot lately on my traditional IBKR portfolio.
🧻 Speculative attack
This chart visualizes the current value of my BTC stack + IBKR portfolio (orange line) &
The outstanding 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 can’t help if but took another loan to stack more (not financial advice). This is probably the last loan I took on buying.
If you’re new to BTC, DCA is the best path forward IMO especially today that we might be on the early innings of a bull run.
I am very irresponsibly long BTC and bitcoin related proxies on my IBKR portfolio. This is not financial advice and this has risks.
I took another loan to buy MSTR + MSTR call options. I will write more about this on my options series blog posts.
Obviously, I’ve redacted the amounts in my charts because I don’t want to dox myself.
But here are some analytics to paint the picture of my positions:
My outstanding liabilities that I took to buy BTC is 1.02x of my annual salary.
Market value of assets is at 2.06x of my annual salary.
I am up 61% on my investments.
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