My Bitcoin journey, what the future holds, and what I learn along the way.
Bitcoin Self Custody Guide
How to secure your Bitcoin: Understanding seed phrases, using a passphrase, and using a hardware wallet. Everything I recommend will be 100% open source, and the total cost for all of the hardware I recommend is under $125 (as of March 2024). I only recommend things I use and trust.
How Many Halvings Will There Be?
Halvings won't divide the block reward to zero. Halvings just cut the block reward in half. Block rewards will continue to be earned until the sats from a block reward cause the total supply of all Bitcoin that's ever been created to reach 21,000,000 BTC.
— April 19th, 2024
The Price Of Bitcoin And The Level Of The Lake
Picture the market for Bitcoin as if it's a giant lake. Buyers take water out, and sellers dump water in. But there's also a river constantly flowing into the lake. The halving cuts the volume of that river in half.
— March 27th, 2024
To Those Who Say This Time Is Different
Anyone who tries to treat this rally like any other Bitcoin rally is going to get wrecked. Anyone who tries to treat this upcoming halving-to-halving cycle like any previous cycle Is Going To Get Wrecked.
— March 9th, 2024
Don't Be Your Own Worst Enemy
53% of all Bitcoin addresses have less than 0.001 BTC. Only 1.93% of all addresses have more than 1 BTC. Only 0.29% of all addresses have 10 BTC. The numbers go down every year.
— March 4th, 2024
Why Halvings Will Rock The Market For Years
It's easy to think about Bitcoin's 4 year halving-to-halving cycles, see the block reward decreasing, and assume the impact of the halving is decreasing too. But it isn't. Here's why.
— June 23rd, 2023
Understanding Bitcoin Cycles
This is, of course, a gross oversimplification, but it's important to understand that a Bitcoin cycle consists of four phases...
— March 21st, 2021
Keep It Secret - Keep It Safe
That famous instruction from Gandalf The Grey to Frodo Baggins in Lord Of The Rings is a perfect place to begin a discussion about owning Bitcoin as an investment.
— November 15th, 2023
Using A Hardware Wallet
Self Custody Guide, Part 3:
A "cold wallet" is a wallet that's not connected to the internet. This usually means a hardware wallet. A hardware wallet secures your seed words by locking them in a device the internet can't reach. By doing this, it secures your wallet and everything in it.
— March 13th, 2024
Using A BIP39 Passphrase
Self Custody Guide, Part 2:
A passphrase isn't a password. A passphrase is your own custom entropy, used in addition to your seed words to generate another wallet. Some wallet apps refer to it as a "hidden wallet" because it can only be found using your seed words and the passphrase.
— March 12th, 2024
Understanding Seed Phrases
Self Custody Guide, Part 1:
Your coins aren't in your wallet. They're on the blockchain. Your wallet holds your seed phrase, which it uses to generate your addresses and keys. That's why your seed phrase is the keys to your wallet and everything in it.
— March 11th, 2024
Feast & Famine
As I watch the price of Bitcoin plunge tonight, it reminds me of when I was in my 20s. I thought I was on top of the world. Then I got fired. Let's put it in perspective.
— May 7th, 2022
The Great Readjustment, And What Comes Next
On November 10th, 2021, Bitcoin reached a high around $69,000. As I type this, the current price is $42,948. But this post isn't about the price. It's about where we are and where we're headed.
— January 5th, 2022
Was That The Top? Now What?
I don't believe this bull run is over, but if you think I'm wrong, I respect that. If you think we've reached the top for this cycle, then hopefully, you know what you need to do.
— May 21st, 2021
The Halving Nobody Likes To Talk About
Bitcoin block reward halvings happen once every four years. But there's another kind of halving. One that is self inflicted by too many hodlers. And it's brutal.
— April 1st, 2021
A Magic Number And An Exit Strategy
The time to make a plan is when times are good. If you wait until it's too late... it'll be too late. I can't give you the answers, but these are the questions you should be asking.
— March 26th, 2021
The Path That Led Me To Bitcoin
I was at a dive bar, on a first date with a woman who asked if I was feeling lucky. Mistaking this for a euphemism, I grinned until she slapped a lottery ticket on the table.
— March 14th, 2021
A Non-Introduction Introduction
I should introduce myself, but I won't. The point of creating this blog was to give myself a place to write anonymously. I'm just a guy with a secret, and my secret is this...
— March 8th, 2021