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As soon as my paycheck landed in my bank account 2 days ago, I deposited $4k into my favorite bitcoin buying app (Strike). Not that I’m getting paid over $4k on each paycheck, I was just accounting for my company’s ESPP shares being purchased today and me selling the shares immediately to provide that extra cash. It’s strange how even after going through a full bitcoin bull/bear market cycle, I still fall victim to biases like FOMO. If only I had this sense of urgency back when bitcoin was at $20k, I would have reached my stacking goal by now.
Every time I’m buying bitcoin it’s at a higher price. This purchase came in at $58.5k, just before it went on yet another massive rip and almost reached the ATH. I could have bought more but tax season is coming up, so it’s best if I have the extra padding in my bank account. Although I’ll probably change my mind once my ESPP shares are sold and the cash is sitting in my bank. Even though now I’m devoted to buying however much I can when I get paid, there’s still a part of myself that feels hesitation when buying after huge price increases like these. It might be PTSD from the 2022/2023 bear market, since I have yet to complete my first bitcoin 4-year cycle. I have to remind myself that the ETFs don’t care about price, they’re just looking to get exposure with their massive amount of capital.
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Current BTC price: $58,516 (Feb 27)
New BTC buy: $4000 => 0.06782150 BTC
The Stacking Report stack: 0.26535304 BTC = $15,527
USD performance: 10.9%
So this is your 4th instance of stacking and you almost have a quarter of full BTC. Amazing!! Best of luck for your future.
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Thanks! I’ve actually been buying since late 2020, but just recently started to fully commit to dollar cost averaging my paychecks and wanted to share the journey
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Interesting. Keep up the great working strategy.
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