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  • My Bitcoin Journey – part 4

    Accumulate, hodl and wait

    Since bitcoin is so scares we need to have a strategy for how much and how we acquire bitcoin and related stocks and ETFs.

    We have now had the Spot Bitcoin ETFs for over a year, and the largest ETF from Blackrock ($IBIT) is normally buying 5-10K bitcoin a week in SLOW periods.

    In addition, MicroStrategy (Or @Strategy) is buying loads every time they have an offering out. Countries are also buying, plus companies and pension funds. There are not enough bitcoin for everyone, so it’s time for the people in streets to wake up if they want some of the greatest asset in modern times.

    Big money tend to choose the asset which has the better growth rate pr month/quarter/year over time. And bitcoin has been the best the past 10 years. My guess is that we will have a violent price hike in the autumn this year (2025) and it will just continue until the dumb people thinks they have done a good trade. Then we will have a 30-40% dip followed by a bigger hike in 2027-28.

    My strategy is to accumulate as much as I can via DCA (Dollar Cost Averaging) every month. I normally save 10-15% of my net salary and everything goes into bitcoin at the moment. If bitcoin price is trending upwards, I’m doing a smash buy on payday. Otherwise, I tend to spread over several days or weeks. All depending on the current macro news.

    I’m saving for my pension (hopefully within 10 years), plus my daughter and my nephews and nieces. My daughter has a lightning wallet and she gets some sats now and then, to be able to follow the bitcoin price. The other kids are I’m saving their Christmas present in bitcoin. They will get a present for their birthday (or Christmas) if I’m visiting, but my strategy is to give them sats when I’m retiring. My current plan is retirement in 2032-33.

  • My Bitcoin Journey – part 3

    Tools are important

    Besides Youtube and twitter/x, I have several tools and techniques I use when I evaluate the marked almost of daily basis, especially in volatile periods and I have money to invest.

    You need to buy bitcoin from an exchange, and there are many to choose from. The most popular is Coinbase , Binance, Kraken, OKX and Bybit. Since I’m living in Norway, I use Firi and barebitcoin as a supplement to the foreign ones. It is important to have several options when you are going to buy bitcoin because there can be very high volumes and many exchange tend to have outages.

    When you are buying bitcoin, you can do this as a one-time order or set it up a recurring buy order (daily, weekly, monthly).

    As you can see from the screenshots, I’m buying via PayPal here. Coinbase has excellent integration with PayPal, and it takes less than 12 hours to withdraw money from Coinbase to your bank account if you need to.

    But there is a limit on $1000 per day with the PayPal option. But in this case, you buy some stable coins or do a bank transfer to you cash wallet, and set up the recurring buy from this, instead of PayPal.

    When you are using an exchange, you can send bitcoin to other accounts (addresses) representing another exchange or hardware wallet. You can also receive coins from other addresses. Withdrawal is easy from Coinbase via PayPal.

    The next step is how much you TRUST the exchanges. 2022-23 taught us a lesson with Terra Luna, FTX and so on. Therefore, I seldom keep much bitcoin on an exchange for a longer period. I keep a small emergence amount on the exchange in case I need fast cash overnight. But normally, I transfer most of the coins to my “long-term” hardware wallet. I also have a “short-term” hardware wallet that I use for travel and day-to-day usage.

    The most popular hardware wallets are:

    The most important aspect of bitcoin is to own you own keys. “Not your keys, not your coins” is a phrase that is the most important rule of bitcoin. This mean you need to back up the 12/24 word that is your password to the wallet. Anyone with these words can steel your coins. So, make sure nobody knows them. Store them in a safe, split them and save them in different locations. There is another method called multi-sig, but that another long blog post for another time.

    Another tool that I might be using in the future is Casa. This is a 3rd party custody service with built-in inheritance features that seems very sound to secure larger bitcoin stacks. Keeping track of the bitcoin price is important and try to anticipate its next move. I’m using TradingView for this and have a paid subscription with more features and overlay indicators.

    This view is on weekly zoom level to give an overview where we are in the cycle and the overall trend. We can also see that small dips don’t matter in the longer run.

    I normally have the “4 hour” level to keep track of the current price development with “200 Day Moving Average” and the volumes indicators visible. When I’m buying (DCA every month), the “1 hour” level is chosen, especially if there are high volatility and lots of volume.

    Another way of checking price on bitcoin or other coins, in addition to keep track of your portfolio, I use websites like coingecko and coinmarketcap. It varies which one I use.

    Other useful sites:

    • timechaincalendar.com: status of the bitcoin blockchain, like fees, block production, chain and network state.

  • My Bitcoin Journey – part 2

    Exploring bitcoin and shit-coins

    Most Bitcoiners have have probably been in the phase “Fuck Around, Find Out”. Hopefully, not too long, but my period lasted for at least 3-4 weeks before learnt trading bitcoin and shitcoins wasn’t not worth it. It was in the start of the bear-market in 2022 and I lost every bet I entered. I lost about $500-700 in these weeks, but learnt a lesson.

    “Never trade crypto. There are too many better traders than you”.

    I think I stopped the trading learning phase around June 2022, and spent the time learning more. I kept $100 on the trading platform as play money. Bought some audio books and watched bitcoin Youtube videos.

    Books

    I’m using audible.co.uk for my audio books. I seldom buy real books any more. Only those worth taking notes in – especially with many graphs.

    Youtube / Twitter accounts

    Youtube

    • @CryptosRUs: I find his 2 daily new + Q&A video informative and useful. It saves me a lot of time and hints on what I should research more.
    • @stackersatoshi: More technical analysis than @CryptosRUs, and I like how they present their content.
    • @InvestAnswers: An economics and bitcoin content creator in the middle between the first 2. Very knowledgeable.
    • @Swan_Bitcoin: Good informative straight to the point videos.
    • @nataliebrunell: Very good video interviews with people in the macro economics and bitcoin community.
    • @MrObnoxiousPod: Mr “What bitcoin did”. His earlier pods on bitcoin and macro economics was very good.
    • @britishhodl23: The guy with the ultimate rule “Step #1: get to 1 bitcoin. Step #2: shut the fuck up. Step #3: get fabilous wealthy”.
    • @dotKruegerVideos: Math guy that help Giovannie spread the “Bitcoin Power Law” Theory. Many good videos and former Wallstreet guy’s perspective on Bitcoin.

    I have probably forgotten someone, but when you start watching the algorithms on Youtube will recommend more videos.

    Twitter / X

    • Crypto Tea: often post bitcoin news and good knowledge

    I have probably forgotten someone, but this is just small size of people in the community you should follow.

  • My Bitcoin Journey – part 1

    Becoming a Bitcoin’er

    When I turned 50 just months into the first Covid year, I started to think about my future retirement. Will be eligible to retire in 2029 with full government pension as it stands now (2024). Just 5 more years in active, full-time work, if I choose to do it. The only question will be money.

    I need to do more research, but as I can see from the “Pension Pages” at nav.no you can’t start with pension payments before age of 62 years. This mean I will have to fund 3 years by own savings or work a few more years. I have never been a passionate saver, so I started with saving in a “Global Index Fund” back in 2020. A good chuck of my salary went into this fund every month. In late 2021 and early 2022 when Russia started their aggression against Ukraine, I started to buy monthly stocks in Norwegian companies like Oil Company Equinor and the military contractor Kongsberg Gruppen since I knew these stocks would benefit. And they did and made some gains until the summer when the stock price dumped for some reason. The winter of 2022 I started my bitcoin research and bought some Satoshi during this process. When my stocks dumped in the summer I got pissed and sold them all and bough bitcoin instead. I haven’t regretted one second on this discission.

    That summer I decided to be Bitcoin’er and make the most of it.

  • “Bring On United” (Mitten)

    Finally, the new book by Andy Mitten has arrived in the mail in the weekend. This is my Christmas reading this year between the football and dinners.

    Short story

    I’m a late bloomer as Manchester United fan. Growing up, I was a ice hockey player in my hometown Stavanger, and I didn’t start watching football before University in Oslo. I went to the pub with friends for the beer and shit talking. But since one of my friends were Leeds and Liverpool supporters, I was introduced to one certain player – Eric Cantona – while he was in Leeds. I loved the French arrogance. I was so stoked that I even bought a shirt in the summer of 1992. Little did I know that this shirt would not exist 6 months later.

    26th of November 1992 marked shift if my thinking of being a football support. The next time I went to the pub for watching football, I still had the Cantona Leeds shirt on, the bartender put huge grim on his face. Obviously, he was a Manchester United support and picked up a new Cantona United shirt and said to me: “You can’t wear that shirt now. You can get this one for free if you burn the old one”. From that day, I was a Manchester United support, and will till the day I die.

  • sveroa.com

    Maybe it’s time to use my almost 10 years old domain for something.

    I’m not sure how I will use this. Maybe a blog. Who knows?