“So, I’ve concluded Bitcoin is better money, now what?”

“Stack your fucking balls off!”, That is what I am telling myself daily.

Once you have consumed 10,000 hours of Bitcoin related signal and you have concluded that the gains will far exceed the risk, it is time to transport your brain to the future and plan backwards.

Meaning, if your thesis is that Bitcoin will keep sucking up fiat value and eventually become the most convenient globally recognizable store of value, you want to buy as much as you can while still being able to stomach the volatility. 

Here is what I am up to:

Dollar-Cost Averaging

DCA services like Swan bitcoin and River Financial are perfect for this approach. Figure out your budget and excess disposable income and earmark a percentage towards your Bitcoin savings plan. This approach is best for most people. I on the other hand, have an extremely addictive personality and have taken additional measures.

Daily Micro-stack

Since the launch of LN Strike, I have been stacking lots of 100,000 Sats a few times a day. I know when I go to spend it, I will have to account for my cost basis but that’s what computers and accountants are for. This approach serves two very big purposes for me: it satisfies my addictive personality and it is a great way to check price and increase your sat count. It has also caused me to learn more about Lightning. I have looped out, balanced channels, and have used Wallet of Satoshi to secure those Sats on-chain. Strike gives you a great rate. You can also use it to pay 3rd party LN invoices and On-chain payments with NO tax liability. I highly recommend this approach if it is available to you in your jurisdiction.

Dry Powder on a Reputable Exchange

Currently I have cash on Gemini exchange. I have open limit orders, and I have them placed just below the 100’s. For example, buy .021 BTC @ limit 10,499, 10,399, 10,299, 10,199…. etc. down to 9699. This way, when we get those quick red candles, I get filled all the way down and I am usually at a paper gain within a day or so.

Selling Put Options on LedgerXOmni

Since October of 2019, I have been selling put options on Bitcoin’s future price for income and re-investing it in Bitcoin itself. If you are willing to buy Bitcoin at the current market price, aren’t you willing to buy it at a lower price? Of course you are.

Selling put options is getting paid to place a limit order. For example, I recently sold the 2021-01-29 $10,000 put for $1,090. I have sold that contract for as much as $1,520 in early September as well. As a seller, your best time to sell a put is when people fear the underlying asset price is going down.

If someone is willing to pay me to buy Bitcoin at cheaper prices and I have the cash, Bring it on!! This is a great conservative way to stack. I have been filled on a few of those puts also, which in retrospect have been the best trades.

The first trade I made on LedgerXOmni was on October 11, 2019. The current market price was $8,300.00, I sold a 2020-03-27 $7,500 put and I got paid $1,300. Guess what? Bitcoin ended up being $6,300 on 2020-03-27. I got filled at $7,500, but got paid $1,300, so my cost was $6,200.

Most of the options I have sold have expired worthless. When the cash/collateral gets unlocked (at expiration) I roll it over into farther out contracts.

In conclusion, there is no right or wrong way to stack. I like to think of stacking as a fun game, an art form, or style of accumulation. If you are looking for something to keep you occupied while you HODL, I recommend stacking.

FF2k

#buyTHEMbitcoin