How to DCA via LN? \ stacker news ~bitcoin

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33 sats \ 6 comments \ @muteness11 15 Feb 2023 bitcoin

Now that the mempool is full and tx fees are high for anyone who is doing daily DCA, can you DCA via Lightning? what are the most efficient options?

Note: I'm thinking of setting an account on Bitcoin only CEX (such as CoinCorner) and then withdraw via LN

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10 sats \ 0 replies \ @mallardshead 15 Feb 2023

Look at RoboSats

0 sats \ 1 reply \ @cointastical 15 Feb 2023

Bitcoin mining is a type of DCA. This is because the electricity is accrued daily, That's not a real close fit to what you are describing but few associate bitcoin mining as a type of DCA.

20 sats \ 0 replies \ @muteness11 OP 16 Feb 2023

I wish ... but living in a country where ASICs can be confiscated as soon as they enter the country :)

0 sats \ 1 reply \ @cointastical 15 Feb 2023

There's a list of methods in the following article, including Strike, Cash App, River, BottlePay, Bull Bitcoin, and more. Look for the entries with the ⚡ symbol.

Dollar Cost Averaging. The answer to the question “Is now a good time to buy Bitcoin?” https://cointastical.medium.com/dollar-cost-averaging-the-answer-to-the-question-is-now-a-good-time-to-buy-bitcoin-a84e518f50f0

25 sats \ 0 replies \ @muteness11 OP 16 Feb 2023

thats quite informative ... thx for sharing

0 sats \ 0 replies \ @thebtctotoro 15 Feb 2023

Robosats this is doable, and my recommendation. If you dont care about kyc ( you probably should) id say use strike i think you could load fiat onto Strike and then use lightning invoices each week or month to send sats to your lightning wallet without incurring on chain transaction fee.