Nostr Web Client

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t25cfd why isn't getting paid in Bitcoin considered DCA on nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpzdmhxue69uhhwmm59e6hg7r09ehkuef0007a2q?

It's the ultimate DCA, every 2 weeks you buy Bitcoin with your whole check. It should get the zero fee promotion like the other DCAs.

Help a pleb out.

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Discussion

TKay 1y ago

this all depends if they have the foresight to your purchase. if they do not know if you will be paid or not they wont be able to anticipate the purchase and offer you better pricing.

you can set a biweekly purchase and receive your paycheck in fiat, then the auto DCA will take place.

That way they are confident you are buying bi weekly.

mrclownworld 1y ago

They give you “fee free” on DCA purchases because they have those exact amounts and times scheduled out, so they can pre-buy corn for it. It’s guaranteed until cancelled on their platform.

Your paycheck is an estimate, in that they have no visibility into the timeline or the amount. It’s not guaranteed, and only happens if it’s processed on your employer’s platform. So they would be just guessing to prebuy corn and sell it to you “fee free”

Smaug 1y ago

That makes a lot of sense. I know all business models are different but cash app offers fee free direct deposit Bitcoin buys, fold offers unlimited buying for $10 a month.

But cash apps limits are too low, and gold is nice but having to sell the Bitcoin yourself to pay a bill feels like friction compared to Strike doing it for you.

So many trade offs between all of them.

mrclownworld 1y ago

Agreed. It’s awesome to have three workable options but the trade offs are frustrating.

I would add Bitrefill and The Bitcoin Company into your strategy. You avoid the fee for selling and even get a little sats back.