Most people are focused on building passive income.
I'm more focused on building passive saving.
#Bitcoin #BTC #StackSats #Sats #MonetaryFreedom #BTCorGFY
Discussion
Why did you choose hourly over daily, weekly etc
Good question 😃
Bitcoin's fiat price is pretty volatile, even from hour to hour, let alone day to day, week to week, or month to month.
Stacking hourly allows me to dampen that price volatility.
I also stack daily, but manually, because I'm using my own strategy (not trading, btw). Did a video on it, recently, if you wanna know more about it:
Forgot to mention that I've only restarted stacking hourly because nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 is finally available in the UK.
Bottle pay used to have hourly DCA available, but they shut down about 2 years ago, unfortunately, and we didn't have any similar options, that I know of, at least.
I will watch your video as it sounds like you have been doing this along time. Should be a good video. Thanks.
How do you find hourly? I can't see anything online comparing it to daily, weekly or monthly.
How do I find the performance of stacking hourly you mean?
Yes compared to daily, weekly, monthly.
I haven't measured it, but I'm expecting it to do better than daily. Why?
Because, again, price can fluctuate a lot, even throughout the day. The price can drop 10% in the morning, recover by the evening, but your daily DCA might trigger only in the evening, so you miss out on the cheap sats from the morning.
Hourly DCA, I think, gives you the best average buy price, out of all the options available (i.e. daily, weekly, monthly).
I only started the hourly DCA on the 6th of July, but I'll measure the 1 month performance and let you know how it does vs daily, weekly, and monthly, even though that's not a long enough period to measure performance very accurately.