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