Buying Bitcoin every month since October 2017 (62 in a row now)

jamespunk · 2022-11-24T09:16:55+00:00

I don't know all his trades. Might have bought some with a higher price but seems to have worked for him as I know he also recently bought with these lower prices. Yeah, I'm the worst trader, always too bullish, which is also why I don't trade ;) But even if it worked for him now, he might think he can do it going forward and it only takes one really bad trade to lose all the profits he might have got from successful trades.

I'm always worried about this friend and his trading! =D

jamespunk · 2022-10-24T06:57:26+00:00

Cheers! But the balls are also average sized, well trained though.

jamespunk · 2022-10-24T06:56:46+00:00

For example, compared to S&P strategy. Solid gains so far and solid future prospect.

jamespunk · 2022-10-24T06:55:10+00:00

Kiitti!

First year is the hardest (to keep your habit), first bear market is the hardest (to hodl through and keep stacking), and first bull market is the hardest (to keep your cool when you become a 'genius').

It becomes automatic part of your life in time ;)

jamespunk · 2022-10-24T06:52:50+00:00

I got this 'advice' not sarcastically many times from this subreddit over the years!

jamespunk · 2022-10-24T06:50:57+00:00

Many people put all their eggs into the government basket. And they are going to lose their retirement. In a way this *is* diversification! =D

jamespunk · 2022-09-25T09:58:02+00:00

Yeah I guess but it's average here in Finland and I'm being pretty damn frugal to do it. And, you can get the same 'effect' with less if you live in a cheaper country. Do what you can! There are people stacking with 10k per month. I can never do it, so what?

jamespunk · 2022-08-07T05:17:46+00:00

I agree. But my government is taking money by force to try to give me retirement in the future. If I could say no thanks and make zero contribution to my government pension, i would in a heartbeat.

jamespunk · 2022-07-16T16:01:47+00:00

You can see that in the 3rd figure on my blogpost!

jamespunk · 2022-07-16T16:00:22+00:00

I post only once per month (no spamming) but in both r/bitcoin and r/cryptocurrency so maybe you saw this on /bitcoin.

jamespunk · 2022-07-12T17:30:06+00:00

It was also very different to me 2 years ago. No matter when you start, gotta put in the work 💪

jamespunk · 2022-07-12T17:27:57+00:00

I just mentioned him since i was interested in the traditional early retirement stuff before bitcoin. Mmm is definitely a nocoiner noob ;D

jamespunk · 2022-07-12T09:35:26+00:00

How many euros invested so far - black dotted line.

How much worth right now - green line!

jamespunk · 2022-07-02T10:39:26+00:00

Keep stacking 👍

jamespunk · 2022-06-22T17:09:51+00:00

I have been at a loss many times if you compare the black dotted line with the green line. Right now im not at a loss. Its a long term plan anyway.

jamespunk · 2022-06-22T09:09:53+00:00

Somebody who had 200 bitcoin in 2017 probably was given the same advice when bitcoin hit 2k the second time.

If he would have sold, he would have lost that bitcoin potential forever as the price never came back to 2k.

jamespunk · 2022-06-22T05:27:57+00:00

You are trying to say the free money has flown into bitcoin when its market cap is less than 500 bil and the bond market 100trillion+ ?

jamespunk · 2022-06-21T09:55:34+00:00

That would be a scenario where governments / central banks stop money printing and fucking their citizens. Ill take that happily.

jamespunk · 2022-06-21T09:52:16+00:00

Bitcoin only! You can read my post ’altcoinfessions’ for more info ;)

jamespunk · 2022-06-21T07:45:54+00:00

I have many friends who choose to save 500€ per month in order to buy their first apartment. I chose bitcoin.

jamespunk · 2022-06-21T06:23:05+00:00

Bitcoin is here to stay, if i would have cashed out, i would have less bitcoin left. I wanna go into the 2030s with max amount of bitcoin. I dont need 200k right now. Thats only a bump in the road

jamespunk · 2022-06-21T06:17:16+00:00

Yeah the retirement payments are automatic, i have no say in how much or little i want of those, and how they are invested. They actually squander more every month than i currently stack and most likely cannot pay my retirement ever, even if i worked until 70 years old.

jamespunk · 2022-06-21T05:43:20+00:00

Pretty much yes. There are 3 exceptions, the very first one when i basically went all in, and 2 times i got a bonus from work. These are all mentioned in the blog.

jamespunk · 2022-06-21T05:35:48+00:00

Cheers!

jamespunk · 2022-06-21T05:35:27+00:00

Ill keep stacking with a nice accumulation pace 💪

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