TD₿: Why You Must Set Up a Bitcoin DCA Plan by Hass McCook with Stephan Livera
TL;DR Setting up a DCA plan is the easiest way to take advantage of Bitcoin's volatility and stack sats for the long term.
Hey Bitcoiners,
Does anyone else relish red days like today? If you’ve been here for a while, days like this are par for the course in Bitcoin.
Selfishly, I enjoy these days because it gives stackers like myself an opportunity to lower their cost basis and stack more sats.
More broadly, I enjoy them because this is what free markets are supposed to do. Contrary to what some people might think nowadays, markets are meant to go down sometimes.
When a market drops, it acts as a cleansing function, wiping out all the speculators and overleveraged traders who were not long-term convicted hodlers.
It’s healthy for a market to go down to build a more convicted base of hodlers that serve as a foundation for the next Bitcoin bull run.
These are the times to stack sats and build. Whether that’s building a product or company, or building your own conviction by learning more about Bitcoin and the problems it solves.
Hass McCook sat down with Stephan Livera last year to discuss why it’s so important to set up a Bitcoin DCA plans for days like today in this podcast (07/01/2021).
Create a DCA plan…set it and forget it…and go outside and touch some grass.
Tick tock next block,
Cory Klippsten
Sign up for Swan and set up an automatic DCA plan today.
Quote of the Day
“At 200k per BTC you won’t give a shit if you stacked at 38k or at 42k or at 58k. Don’t make it complicated, just stack sats.” - CK, General Manager at Bitcoin Magazine
Meme of the Day
(h/t @preston_hodl)