The Stack

I buy a fixed amount of Bitcoin at regular intervals. This is called dollar-cost averaging — DCA. I don't try to predict the price. I don't wait for dips. I don't sell into strength. The thesis is simple: if Bitcoin is what I think it is, the price I pay today will be irrelevant in a decade. If it isn't what I think it is, no amount of timing will save me.

DCA removes emotion from the process. It turns conviction into a recurring action. It is the investment strategy equivalent of showing up every day.

My long-term Bitcoin is held in cold storage. The important principle is separation: the device that signs transactions is not the same environment that watches balances, builds transactions, or browses the internet.

Backups are physical, redundant, and private. The goal is not to describe an implementation for others to copy; it is to avoid single points of failure while keeping the setup understandable enough to maintain over time.

Seed phrases are never digital. Not in a photo, not in a note, not in the cloud. The moment a seed touches a network-connected device, it is compromised in principle even if not yet in practice.

Keep recovery realistic. A custody setup that cannot be recovered by the right person at the right time is not secure. It is fragile.

Verify, don't trust. I run my own node where practical. The aim is independent verification, not dependence on a third-party view of the network.

Bitcoin has dropped 80% or more — four times. I expect it to do so again. The question is not whether drawdowns happen, but whether you've built a conviction strong enough to sit through them. If your thesis depends on the price going up next quarter, you don't have a thesis. You have a trade.

My framework: if the network is still producing blocks, the supply schedule hasn't changed, and the hash rate is growing — the thesis is intact. The price is noise. The protocol is signal.

Self-custody can make you a single point of failure for your family. If long-term savings cannot be recovered by the people who should inherit them, the setup is incomplete. The details are private. The principle is not: if you hold Bitcoin for the long term, you owe it to someone else to make recovery possible.