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Nick
nick@nickjstevens.com
npub1ljq0...cpnl
I’m an engineer, trail runner, father, learner, teacher and dreamer.
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nickjstevens 1 year ago
I analysed historic bitcoin price data to see what the best days of the month to buy and sell are, as I aim to live on a bitcoin standard. 📈 The best strategy (for me) is to buy on the 3rd of the month and sell on the 25th or 26th. With my pay check I will buy Bitcoin at the start of the month and then sell at the end of the month to pay off the credit card. Doing this means that, on average, I will gain in Bitcoin terms over a 4 year cycle.
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nickjstevens 1 year ago
Future abundance from monetary scarcity. Bitcoin is the way. image
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nickjstevens 1 year ago
What are some great resources for being a sovereign individual?
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nickjstevens 1 year ago
I’ve now reached the age where my son gets birthday presents that I want to read… image
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nickjstevens 1 year ago
A week since adopting my own version of a bitcoin standard and the price is struggling to get above the 21 day EMA. No change in my strategy though, I believe the tailwind is huge and I can be patient. #freedom image
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nickjstevens 1 year ago
Taken my first steps towards a bitcoin standard. I now transfer my monthly fiat pay to bitcoin and then sell on a monthly basis to pay off my credit card. Still deciding on whether to use Koinly or Recap for UK tax.
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nickjstevens 1 year ago
“what we now have is rugged capitalism for individuals, but socialism for the rich and powerful” — The Big Print, Lawrence Lepard. 🎯
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nickjstevens 1 year ago
📙Sunday reading - The Big Print. Enjoying it so far. image
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nickjstevens 1 year ago
⚡️ Bitcoin and the Pursuit of Sound Money In a world increasingly characterised by uncertainty, the quest for sound money has never been more critical. The emergence of Bitcoin presents a unique opportunity to explore the fundamental principles of sound money, providing an alternative path to financial stability and individual empowerment. 📕 Understanding Sound Money At its core, sound money refers to a monetary system that maintains its value over time, allowing individuals to save and invest without fear of devaluation. Historically, societies have relied on substances like gold and silver, which possess intrinsic value due to their scarcity and desirability. However, modern fiat currencies often lack these characteristics, leading to inflation and loss of purchasing power. 🥳 The Bitcoin Revolution Bitcoin, created in 2009, embodies the principles of sound money in a digital form. Its capped supply of 21 million coins ensures scarcity, making it resistant to inflationary pressures. Unlike traditional currencies, which governments can print at will, Bitcoin operates on a decentralised network, governed by code rather than central banks. This decentralisation inherently enhances its credibility as a form of sound money. 🏅 The Role of Trust One of the most compelling aspects of Bitcoin is its ability to foster trust without relying on intermediaries. In a world where trust in financial institutions is eroding, Bitcoin offers a transparent and secure alternative. Each transaction is recorded on a public ledger, the blockchain, allowing for complete visibility and accountability. This transparency can restore faith in the financial system, enabling individuals to regain control over their wealth. 🧠 The Psychological Shift Adopting Bitcoin as sound money requires a psychological shift. It invites us to rethink our relationship with money, moving away from consumerism and short-term gratification towards long-term value preservation. This shift aligns with the principles of mindfulness—being present and aware of our financial decisions and their implications for our future. ⭐️ Conclusion: A Path Forward As we navigate the complexities of modern finance, Bitcoin stands out as a beacon of hope for those seeking sound money. Its principles resonate with the age-old wisdom of financial prudence while embracing the innovations of the digital age. By understanding and adopting Bitcoin, we can participate in a transformative movement that prioritises individual empowerment, transparency, and sustainable wealth. In this journey towards sound money, let us remain mindful of our choices and their impact on our lives and the world around us. The pursuit of sound money is not just about financial stability; it's about creating a future where our resources reflect our values and aspirations. #bitcoin #btc #soundmoney #money image
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nickjstevens 1 year ago
Plot the correlation between Bitcoin price on the day of each halving vs the date and it’s a perfectly straight line on a log-log graph with an R squared value of 1.000 to 3 decimal places. Amazing! Using this model the predicted price at the next halving (2028) is ~$237,000.
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nickjstevens 1 year ago
I picked up this little book for my son for Christmas - a nice little stocking-filler. The 7 Habits of Highly Effective People was one of the first personal development books I ever read, and so I was pleased to see a version specific for kids to help instil that growth mindset. image
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nickjstevens 1 year ago
Really impressed with Nostr. Very smooth. I’ve now set up a nostr.json file on my server to verify my @Nick name. (With thanks to Gemini AI to figure out how to do this with a Caddy server primarily serving a Ghost blog, all in docker containers).
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nickjstevens 1 year ago
Emotions go up and down in the markets, and it’s a rollercoaster ride for sure. But the fundamentals of sound money haven’t changed, so instead I’m focusing on quietly stacking bitcoin and $MSTR. I’m thinking about the longer time horizon.