The Precious Metal Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Go down
avatar
m1santhrope
Posts : 3
Join date : 2023-01-07

Buy freedom, stack sats, stay humble Empty Buy freedom, stack sats, stay humble

Sat Jan 07, 2023 10:29 pm
I became interested in hard money and self sovereignty in 2013 and have been saving in silver coins since then. In retrospect I should have bought BTC.

I shifted my focus to BTC in 2019 and have made several mistakes, shaking me out two or three times, here is my strategy for buying BTC.

How to buy?
Think of this as a very long term savings account, try for 10% of you net salary split over weekly purchases
Set up an account with an exchange, I use Bitpanda
Create a weekly savings plan, the minimum is £25 per week, I buy 6am each Monday morning
Buy a hard wallet, I use Ledger Nano S
Transfer BTC off exchange into your wallet after each weekly purchase

When to buy?
You only buy during the accumulation phase
Start of the accumulation phase is defined as reversion to the five year moving average, together with a Mayer Multiple < 1
Stop buying as soon as the daily Mayer Multiple > 1
Hold and wait for the next accumulation phase

What not to do?
Put in a lump sum, if you do have savings, chop that up into weekly transactions to cost average
Take out a bank loan
Leave BTC on exchange
Get diverted into centralised crypto tokens, there is only one digital layer one commodity
Buy during cycle mania phases
Sell, ever


Last edited by m1santhrope on Fri Jan 20, 2023 10:42 pm; edited 3 times in total

Admin and denby like this post

avatar
m1santhrope
Posts : 3
Join date : 2023-01-07

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Sat Jan 07, 2023 10:46 pm
Current price 16937
Current EMA 60 22444

Current Mayer Multiple 0.86

Accumulation phase


Last edited by m1santhrope on Fri Jan 20, 2023 10:47 pm; edited 1 time in total

Admin and denby like this post

denby
denby
Posts : 135
Join date : 2021-07-25
Age : 72
Location : Scotland

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Sun Jan 08, 2023 9:28 am
I bought 20 litecoin in 2013 for about £178

It went to £5500 just before the pandemic. Went to cash out and could not find my password for my wallet.

My best investment ever 30X bagger.

Still cant find my password today.

Lost forever I think.

Still have my recipt paperwork for the purchase though.

I should frame it and stick it on the wall for the grandkids to see eh!


Last edited by denby on Sun Jan 08, 2023 3:08 pm; edited 1 time in total

Admin and Rod Panhard like this post

ArcaneCollector
ArcaneCollector
Posts : 285
Join date : 2022-06-02
Location : Northamptonshire

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Sun Jan 08, 2023 3:04 pm
Crypto presents a conundrum for me. I understand that fiat currency is failing as it is not based on the gold standard, and only has value as we decree that it does. It’s the same for crypto. At the end of the day, it’s just 1’s and 0’s on a computer screen. It only has the value we give it and is not backed by anything tangible. As a means for transferring cash, it’s amazing. However as a store of wealth, the volatility in the crypto market means your nest egg could be worth nothing. And governments are itching to regulate it, so will it be “free” forever? Soon BTC transactions and purchases could be blocked or banned as CBDCs take over. I’d say a diverse portfolio is the best bet. Stocks, shares, gold, silver, cash, premium bonds, BTC, property, luxury items…hedge your bets and spread your wealth.

Admin, Rod Panhard and denby like this post

avatar
m1santhrope
Posts : 3
Join date : 2023-01-07

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Fri Jan 20, 2023 10:46 pm
Current price 22680
Current EMA 60 22631

Current Mayer Multiple 1.08

Pause buying

Admin and denby like this post

anch
anch
Posts : 29
Join date : 2022-08-11

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Mon Jan 23, 2023 3:22 pm
Crypto can be a great way to make money, if you time the markets right. I am under no illusion that this is going to give us freedom in the long term. Anything where every single transaction is recorded, a public record and can be turn off at the flick of a switch; is a totalitarian governments wet dream.

I am currently in a long trade on BTC, all profits will be going into Gold and silver.

Admin, Rod Panhard, denby and m1santhrope like this post

Rod Panhard
Rod Panhard
Posts : 147
Join date : 2021-05-25

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Mon Jan 23, 2023 6:05 pm
The only way I can envisage more can kicking is for the full financialisation of crypto, that would mean completely destroying the current scene, wiping out the shitcoins and setting up a derivatives market for the chosen ones that make the cut which could potentially could add over $100 Trillion. I would not put anything past the criminals trying to keep the current system alive because they are benefitting from it.

I watched Neil Oliver doing a Youtube segment and I thought he completely nailed it, he said whats going on today is an elites version of Supermarket Sweep, the gameshow where contestants have to bag as much goodies off the shelf as they can before the buzzer goes only it's the elites trying to milk as much as they can out of the old system before it goes down. The minute I heard him say this I thought that's exactly what it's like.

Admin and denby like this post

MisterNoName
MisterNoName
Posts : 4
Join date : 2022-12-06

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Today at 1:35 am
I wonder how CBDCs will affect crypto.

Admin likes this post

ArcaneCollector
ArcaneCollector
Posts : 285
Join date : 2022-06-02
Location : Northamptonshire

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Today at 6:27 am
MisterNoName wrote:I wonder how CBDCs will affect crypto.

CBDCs terrify me. They are the end of freedom, and the population is sleepwalking into accepting them based on the lies of the political elite.

Admin, Rod Panhard, denby and MisterNoName like this post

Rod Panhard
Rod Panhard
Posts : 147
Join date : 2021-05-25

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Today at 7:59 am
MisterNoName wrote:I wonder how CBDCs will affect crypto.

The banks don't usually like competition, I imagine the scenario will be engineered so they can be regulated to death. I envisage it being much like the Dot com bust where for every Amazon there are hundreds of Pets.com and most cryptos will be swept away and only a select few will go on to be mainstay. These however will be heavily regulated so as not to threaten the control structures product.
There could also be the temptation to hyper financialize these surviving cryptos as a derivatives market on them could add $100 Trillion to the pot for these criminals to play around with, you would not put it past them.

Admin and MisterNoName like this post

Sponsored content

Buy freedom, stack sats, stay humble Empty Re: Buy freedom, stack sats, stay humble

Back to top
Permissions in this forum:
You cannot reply to topics in this forum