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AbundantBTC 1y ago

First post on nostr!

I have a Bitcoin question #asknostr

Is it better to set up a daily recurring buy say $7 a day or a weekly buy of $50 a day?

Cheers!

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AbundantBTC 1y ago

$50 a week* haha hope I’ll get to $50 a day in the future

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Bitcoin Eoin 🇮🇪 1y ago

Daily is better

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Bard 1y ago

define better? also are you asking once a week 50 buy or weekly buy of 350?

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AbundantBTC 1y ago

Sorry typo, yes 50 a week.

I suppose by better I mean I want to get the most sats for my dollars

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Bard 1y ago

if you think it's going up it's probably better to put it in more often. that way you lower the risk of missing the big jumps that tend to happen. opposite of you think it's going down.

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AbundantBTC 1y ago

Haha well there’s some sats just in case it goes up ;)

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node 1y ago

Both are fine. If you do the daily and withdraw daily, you’ll have lots more consolidating to do though. Something to keep in mind

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Jor 1y ago

$50 a week because you’ll get $1 more worth of bitcoin

Make sure to use an exchange that allows you to hold bitcoin on there or withdraw via lightning.

Otherwise you’ll have some serious future pain in UTXO land!

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Jordan 1y ago

Either is fine. I’m sure if you wanted to get in the weeds with data you could find one with greater odds of getting more sats. In the end, accumulating consistently will pay dividends years from now.

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El Guiri 1y ago

Before answering that question, read a bit about utxo management

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TableCityTokers 1y ago

Welcome #PlebChain

#Bitcoin is the Way!