Episode 6

evangelism/episodes/episode_6.md

@@ -0,0 +1,66 @@
+# Operation Saylor - Episode 6/120
+
+Hi again and welcome to another episode of the Operation Saylor. This is update number 6, corresponding to December
+2022.
+
+If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my
+plan and details are explained. That will get you in context.
+
+---
+
+## Stats
+
+- BTC stack: 1.4692 BTC
+- € stack: 1,169.20 €
+- Current total value in €: 24,382.36 €
+- € into BTC: 30,000 €
+- Paid back to bank: 1,831.00 €
+- Outstanding debt: 42,113.33 €
+- Installments to go: 115
+
+## Charts
+
+
+
+---
+
+## Log
+
+Finally, month #6 has arrived. This month is a significant milestone since it marks the ending of the ramp-up phase 
+and becomes the start of the next one: gliding down the loan payback with my bitcoin stack.
+
+This month I made my last purchases and I will not be buying bitcoin again as part of Operation Saylor. In the last 
+months, I have been able to secure 1.4692 BTC, with an entry price of 20,419€/BTC. The recent lows in November and 
+December have helped push this down quite a bit (thanks Sam). As a result, out of the 33,000€ I borrowed from the 
+bank, I'm left with a bit more than a thousand.  
+
+Now, Operation Saylor enters a new phrase. As a reminder, the plan moving forward is to keep on paying the 
+installments, while selling bitcoin as-little-as-possible, as-late-as-possible to have euros at hand to face the 
+payments. I call this the gliding.
+
+From now on, you will see a new chart in the stats sections with the amount of bitcoin I still own. If all goes 
+right and bitcoin keeps appreciating in value, the downward slope will be increasingly smaller, and I will be able 
+to face the next 9.5 years without running out of bitcoin. If all goes wrong, the line will abruptly go down before 
+that and I will be left with no bitcoin and an ugly debt with the bank. Only time will tell. In some of the next 
+episodes I'll present my simulations on how things could go.
+
+For now, the line will stay flat for a few months. With the small euros cushion I still own, I will be able to get 
+by until April of 2023 without touching the bitcoin stack. Then, the bitcoin selling will begin and the line will 
+start falling.
+
+Wrapping up, I close the ramp up phase with a smile. I have no intent to time the market since I don't think I 
+can, but looking at certain metrics, it looks like I might have gotten lucky and started this idea pretty close to 
+rock bottom. To have snatched a coin and a half is simply great. There is obviously uncertainty, but at this point, I 
+simply feel hopeful about how the future looks.
+
+Thanks for reading as always, and I'll see you around next month.
+
+---
+
+## Previous episodes
+
+- Episode 1: [https://stacker.news/items/47539](https://stacker.news/items/47539)
+- Episode 2: [https://stacker.news/items/61708](https://stacker.news/items/61708)
+- Episode 3: [https://stacker.news/items/71794](https://stacker.news/items/71794)
+- Episode 4: [https://stacker.news/items/83670](https://stacker.news/items/83670)
+- Episode 5: [https://stacker.news/items/98216](https://stacker.news/items/98216)