So Strike has a reoccurring purchase option but only with fiat already in the account. It won’t pull from bank account automatically like swan? What’s the point?
Discussion
The point of strike is to act like a separate bank account that runs on bitcoin rails. I usually just reload it when I get paid, but you can also have your paycheck go directly to your Strike account.
Still useful because you don't have to think about it everyday until your balance runs dry. Just remember to reload every now and then.
Having to manually reload the balance defeats the purpose of "setting and forgetting"
Well that's a nuanced argument because you can still set and forget $0.50 BTC DCA buys every 10 minutes until your $2000 balance runs dry.
Personally I just want to stack $2000 without even thinking about how much fiat I'm going to be DCAing in, so I like a service that pulls the money from my checking account instead of me having to load a balance.
Different strokes for different folks, if you're happy with Strike all the power to you.
You can have part of your paycheck go directly into strike
Yeah for sure, it's not always useful for everyone and their specific style of dirt shit fiat conversion into BTC.
You can also direct deposit on Strike so your account would always remain healthy (assuming you're still collecting via your fiat mining gig)
In my own situation, I'm paid on the hour and much of my work dries up during the winter months so my BTC DCA opportunities come in waves every year. When I get some extra fiat through my heavier earning months, I just load up an amount I set aside that I'll try and DCA over my 2 week pay period, then repeat again the next paycheck depending on how much the next paycheck provides me to be able convert into BTC.
Every paycheck is deposited into different accounts for different purposes. One account is bills, another is fiat savings, and I allocate a DCA for bitcoin.
I like strike’s quick settlement with lightning and the UI is way better than swan but if I can’t automate it then it’s just a smash buy option
Biggest reason I stopped DCAing through strike
As a possible alternative, you could consider mining as a sort of continuous DCA that is mostly set it and forget it. Obviousmy there are barriers to entry with mining but there are benefits as well such as not needing to worry about bank accounts and sending funds.
