Better Than DCA Buying? HOW! #nofee
Video Transcript:
fun fact for you did you know that the Bitcoin miners are actually more hardcore DCA buyers than the DCA buyers now DCA buying dollar cost averaging is instead of purchasing your Bitcoin in one lump sum you do it in recurring payments what that does is it removes the volatility of the price from your acquisition now what the Bitcoin miners do is they mine a stack of Bitcoin and they have to sell probably half of it to pay their electricity bill they have to sell something or use something to pay that bill so what you can do is you can use Fiat to pay your electricity bill and then you’re keeping all your Bitcoin which is effectively buying it so if you’ve got that monthly payment of buying your Bitcoin effectively through your electricity bill you have access no fees on exchanging or any liquidity problems of all these exchanges mining gives you direct access to bitcoin from the source so you’re a more hardcore DCA than the DCA so