VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.037USD
STEEM
0.000STEEM
SBD
0.000SBD
Effective Power
5.007SP
├── Own SP
0.635SP
└── Incoming DelegationsDeleg
+4.372SP
Detailed Balance
| STEEM | ||
| balance | 0.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.635SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 4.372SP | SP |
| Effective Power | 5.007SP | SP |
| Reward SP (pending) | 0.000SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.000SBD | SBD |
{
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "1032.261037 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7111.398769 VESTS",
"sbd_balance": "0.000 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.000 SBD",
"conversions": []
}Account Info
| name | ironeagle |
| id | 304518 |
| rank | 340,001 |
| reputation | 238226341 |
| created | 2017-08-09T07:39:18 |
| recovery_account | steem |
| proxy | None |
| post_count | 3 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-06-25T04:05:00 |
| last_root_post | 2018-06-25T04:05:00 |
| last_vote_time | 2018-06-23T21:51:36 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 1032.261037 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 7111.398769 VESTS |
| reward_vesting_balance | 0.000000 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2018-06-24T15:56:00 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"active": {
"account_auths": [],
"key_auths": [
[
"STM7f1KcLBzNMbfMAHBuwUTs3qFjD5YjXwSw3YZDRqL881fXFfK4i",
1
]
],
"weight_threshold": 1
},
"balance": "0.000 STEEM",
"can_vote": true,
"comment_count": 0,
"created": "2017-08-09T07:39:18",
"curation_rewards": 0,
"delegated_vesting_shares": "0.000000 VESTS",
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779067854
},
"guest_bloggers": [],
"id": 304518,
"json_metadata": "{\"profile\":{\"name\":\"BTCDCA\",\"profile_image\":\"https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png\"}}",
"last_account_recovery": "1970-01-01T00:00:00",
"last_account_update": "2018-06-24T15:56:00",
"last_owner_update": "1970-01-01T00:00:00",
"last_post": "2018-06-25T04:05:00",
"last_root_post": "2018-06-25T04:05:00",
"last_vote_time": "2018-06-23T21:51:36",
"lifetime_vote_count": 0,
"market_history": [],
"memo_key": "STM5SmU8HgEEBWu5WUSnVVG8bFcMRW3ixoS4SxTVyBBeS8nVknF9o",
"mined": false,
"name": "ironeagle",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"other_history": [],
"owner": {
"account_auths": [],
"key_auths": [
[
"STM5artSuPftVdA4pM8d78wynCVjToccp1jGoonAFWhVNjbHwTaX1",
1
]
],
"weight_threshold": 1
},
"pending_claimed_accounts": 0,
"post_bandwidth": 0,
"post_count": 3,
"post_history": [],
"posting": {
"account_auths": [],
"key_auths": [
[
"STM5NenFRb7XTbif7RtS83VwzP9LtXL6nBo7JibdpdNqagZR1Yake",
1
]
],
"weight_threshold": 1
},
"posting_json_metadata": "{\"profile\":{\"name\":\"BTCDCA\",\"profile_image\":\"https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png\"}}",
"posting_rewards": 0,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"proxy": "",
"received_vesting_shares": "7111.398769 VESTS",
"recovery_account": "steem",
"reputation": 238226341,
"reset_account": "null",
"reward_sbd_balance": "0.000 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "0.000000 VESTS",
"reward_vesting_steem": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"sbd_balance": "0.000 SBD",
"sbd_last_interest_payment": "1970-01-01T00:00:00",
"sbd_seconds": "0",
"sbd_seconds_last_update": "1970-01-01T00:00:00",
"tags_usage": [],
"to_withdraw": 0,
"transfer_history": [],
"vesting_balance": "0.000 STEEM",
"vesting_shares": "1032.261037 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"vote_history": [],
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779067854
},
"voting_power": 0,
"withdraw_routes": 0,
"withdrawn": 0,
"witness_votes": [],
"witnesses_voted_for": 0,
"rank": 340001
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
steemdelegated 4.372 SP to @ironeagle2026/05/18 01:30:54
steemdelegated 4.372 SP to @ironeagle
2026/05/18 01:30:54
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 7111.398769 VESTS |
| Transaction Info | Block #106144953/Trx a5bd45ad3d982ab229957bb59013942e93de6abd |
View Raw JSON Data
{
"block": 106144953,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "7111.398769 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-05-18T01:30:54",
"trx_id": "a5bd45ad3d982ab229957bb59013942e93de6abd",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 2.705 SP to @ironeagle2026/05/12 08:57:51
steemdelegated 2.705 SP to @ironeagle
2026/05/12 08:57:51
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 4399.188364 VESTS |
| Transaction Info | Block #105981847/Trx b77f2148402c4624c6d24cac7b61ffe4be178904 |
View Raw JSON Data
{
"block": 105981847,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "4399.188364 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-05-12T08:57:51",
"trx_id": "b77f2148402c4624c6d24cac7b61ffe4be178904",
"trx_in_block": 2,
"virtual_op": 0
}steemdelegated 4.380 SP to @ironeagle2026/04/26 00:49:45
steemdelegated 4.380 SP to @ironeagle
2026/04/26 00:49:45
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 7123.914525 VESTS |
| Transaction Info | Block #105512571/Trx 5cf3400502c4bd9842f0f0bb1cd415483289c6aa |
View Raw JSON Data
{
"block": 105512571,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "7123.914525 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-04-26T00:49:45",
"trx_id": "5cf3400502c4bd9842f0f0bb1cd415483289c6aa",
"trx_in_block": 1,
"virtual_op": 0
}steemdelegated 2.730 SP to @ironeagle2026/01/23 11:11:54
steemdelegated 2.730 SP to @ironeagle
2026/01/23 11:11:54
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 4440.735183 VESTS |
| Transaction Info | Block #102855883/Trx 3e5bc5cdd2550936fd577fd00f8aee351353a225 |
View Raw JSON Data
{
"block": 102855883,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "4440.735183 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2026-01-23T11:11:54",
"trx_id": "3e5bc5cdd2550936fd577fd00f8aee351353a225",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 2.831 SP to @ironeagle2024/12/17 06:28:57
steemdelegated 2.831 SP to @ironeagle
2024/12/17 06:28:57
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 4604.954380 VESTS |
| Transaction Info | Block #91302239/Trx d66292b758aae0a8c1e1ddeb30823f234c50756b |
View Raw JSON Data
{
"block": 91302239,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "4604.954380 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2024-12-17T06:28:57",
"trx_id": "d66292b758aae0a8c1e1ddeb30823f234c50756b",
"trx_in_block": 4,
"virtual_op": 0
}steemdelegated 2.935 SP to @ironeagle2023/11/13 22:10:54
steemdelegated 2.935 SP to @ironeagle
2023/11/13 22:10:54
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 4774.087912 VESTS |
| Transaction Info | Block #79856423/Trx bcb9fe1a17dcf195e1a4a96549cb60d133243329 |
View Raw JSON Data
{
"block": 79856423,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "4774.087912 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2023-11-13T22:10:54",
"trx_id": "bcb9fe1a17dcf195e1a4a96549cb60d133243329",
"trx_in_block": 0,
"virtual_op": 0
}steemdelegated 4.741 SP to @ironeagle2023/09/21 23:19:21
steemdelegated 4.741 SP to @ironeagle
2023/09/21 23:19:21
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 7711.366698 VESTS |
| Transaction Info | Block #78349616/Trx ac01342e3757d0410d679c86fe0366de97aab0f4 |
View Raw JSON Data
{
"block": 78349616,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "7711.366698 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2023-09-21T23:19:21",
"trx_id": "ac01342e3757d0410d679c86fe0366de97aab0f4",
"trx_in_block": 1,
"virtual_op": 0
}steemdelegated 4.877 SP to @ironeagle2022/11/03 12:55:09
steemdelegated 4.877 SP to @ironeagle
2022/11/03 12:55:09
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 7933.048136 VESTS |
| Transaction Info | Block #69114713/Trx e93aa59c1aba77f2110eebb727abb8252b5cac6c |
View Raw JSON Data
{
"block": 69114713,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "7933.048136 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2022-11-03T12:55:09",
"trx_id": "e93aa59c1aba77f2110eebb727abb8252b5cac6c",
"trx_in_block": 78,
"virtual_op": 0
}steemdelegated 5.013 SP to @ironeagle2022/01/17 12:05:00
steemdelegated 5.013 SP to @ironeagle
2022/01/17 12:05:00
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 8153.581367 VESTS |
| Transaction Info | Block #60810761/Trx b85dfa466dbb837e82ea89a90ac20e422c3444f6 |
View Raw JSON Data
{
"block": 60810761,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "8153.581367 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2022-01-17T12:05:00",
"trx_id": "b85dfa466dbb837e82ea89a90ac20e422c3444f6",
"trx_in_block": 1,
"virtual_op": 0
}steemdelegated 5.126 SP to @ironeagle2021/06/14 01:57:09
steemdelegated 5.126 SP to @ironeagle
2021/06/14 01:57:09
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 8337.350025 VESTS |
| Transaction Info | Block #54609080/Trx 8a37c3f106f41ee3e76d81383164b9a27f438cad |
View Raw JSON Data
{
"block": 54609080,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "8337.350025 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2021-06-14T01:57:09",
"trx_id": "8a37c3f106f41ee3e76d81383164b9a27f438cad",
"trx_in_block": 5,
"virtual_op": 0
}steemdelegated 5.241 SP to @ironeagle2020/12/11 12:14:15
steemdelegated 5.241 SP to @ironeagle
2020/12/11 12:14:15
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 8524.771999 VESTS |
| Transaction Info | Block #49356490/Trx 7b54b4148d57a18baa2f56bd0f1305d739604cf4 |
View Raw JSON Data
{
"block": 49356490,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "8524.771999 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-11T12:14:15",
"trx_id": "7b54b4148d57a18baa2f56bd0f1305d739604cf4",
"trx_in_block": 7,
"virtual_op": 0
}steemdelegated 1.176 SP to @ironeagle2020/12/06 05:51:12
steemdelegated 1.176 SP to @ironeagle
2020/12/06 05:51:12
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 1912.543513 VESTS |
| Transaction Info | Block #49208047/Trx d797f3a64c10bfc659deb7f6e786d4ec911658df |
View Raw JSON Data
{
"block": 49208047,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "1912.543513 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-06T05:51:12",
"trx_id": "d797f3a64c10bfc659deb7f6e786d4ec911658df",
"trx_in_block": 2,
"virtual_op": 0
}steemdelegated 5.245 SP to @ironeagle2020/12/05 15:52:06
steemdelegated 5.245 SP to @ironeagle
2020/12/05 15:52:06
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 8530.979853 VESTS |
| Transaction Info | Block #49191583/Trx 73303112863e068e67397f2260acfa229f354ff6 |
View Raw JSON Data
{
"block": 49191583,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "8530.979853 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-12-05T15:52:06",
"trx_id": "73303112863e068e67397f2260acfa229f354ff6",
"trx_in_block": 7,
"virtual_op": 0
}steemdelegated 1.180 SP to @ironeagle2020/11/02 17:57:54
steemdelegated 1.180 SP to @ironeagle
2020/11/02 17:57:54
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 1920.017158 VESTS |
| Transaction Info | Block #48260541/Trx c62dcdf8ee04025e896f0d96497f455ea2bea977 |
View Raw JSON Data
{
"block": 48260541,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "1920.017158 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-11-02T17:57:54",
"trx_id": "c62dcdf8ee04025e896f0d96497f455ea2bea977",
"trx_in_block": 5,
"virtual_op": 0
}steemdelegated 5.370 SP to @ironeagle2020/05/09 06:49:42
steemdelegated 5.370 SP to @ironeagle
2020/05/09 06:49:42
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 8733.785212 VESTS |
| Transaction Info | Block #43218314/Trx f68e99ecca68b79900e75789ee4deae252b08826 |
View Raw JSON Data
{
"block": 43218314,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "8733.785212 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-09T06:49:42",
"trx_id": "f68e99ecca68b79900e75789ee4deae252b08826",
"trx_in_block": 9,
"virtual_op": 0
}steemdelegated 1.201 SP to @ironeagle2020/05/08 10:35:48
steemdelegated 1.201 SP to @ironeagle
2020/05/08 10:35:48
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43194605/Trx 1a346c0b2118b147cf063c06594c098fe84ed36c |
View Raw JSON Data
{
"block": 43194605,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "1953.311140 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-08T10:35:48",
"trx_id": "1a346c0b2118b147cf063c06594c098fe84ed36c",
"trx_in_block": 4,
"virtual_op": 0
}steemdelegated 5.451 SP to @ironeagle2019/09/18 05:24:30
steemdelegated 5.451 SP to @ironeagle
2019/09/18 05:24:30
| delegatee | ironeagle |
| delegator | steem |
| vesting shares | 8866.399642 VESTS |
| Transaction Info | Block #36520664/Trx f2baa59ae56105c587d07ec10d9c6786a449441d |
View Raw JSON Data
{
"block": 36520664,
"op": [
"delegate_vesting_shares",
{
"delegatee": "ironeagle",
"delegator": "steem",
"vesting_shares": "8866.399642 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2019-09-18T05:24:30",
"trx_id": "f2baa59ae56105c587d07ec10d9c6786a449441d",
"trx_in_block": 1,
"virtual_op": 0
}2019/08/09 08:48:06
2019/08/09 08:48:06
| author | steemitboard |
| body | Congratulations @ironeagle! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ironeagle/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ironeagle) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=ironeagle)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| parent author | ironeagle |
| parent permlink | btc-dca-bitcoin-dollar-cost-averaging |
| permlink | steemitboard-notify-ironeagle-20190809t084805000z |
| title | |
| Transaction Info | Block #35396845/Trx 30f2aed12daa1348da9dd335b267fb7135f48f33 |
View Raw JSON Data
{
"block": 35396845,
"op": [
"comment",
{
"author": "steemitboard",
"body": "Congratulations @ironeagle! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ironeagle/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ironeagle) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=ironeagle)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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}steemdelegated 5.573 SP to @ironeagle2018/10/08 16:49:12
steemdelegated 5.573 SP to @ironeagle
2018/10/08 16:49:12
| delegatee | ironeagle |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/28 15:54:00
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/28 15:54:00
| author | ironeagle |
| body | @@ -2459,17 +2459,17 @@ the hol -d +y grail f |
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/28 15:48:42
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/28 15:48:42
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/28 15:46:57
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/28 15:46:57
| author | ironeagle |
| body | @@ -680,106 +680,32 @@ . Th -e inspiration for doing this was my uncle who enlightened me with the PDF below. This simple +is PDF outlining the DCA str @@ -733,24 +733,17 @@ forever -. +: %3C/p%3E%0A%3Cp%3E @@ -2396,335 +2396,66 @@ bsp; -Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. %3C/p%3E%0A%3Cp%3EPerhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?%3C/p%3E%0A%3Cp%3EIf that is the case, BTC i +Many believe Satoshi Nakamoto was inspired to create BTC a s th @@ -2459,17 +2459,17 @@ the hol -y +d grail f @@ -2491,13 +2491,26 @@ nomi -cs : +sts: %3C/p%3E%0A%3Cp%3E http @@ -2563,17 +2563,74 @@ %3C/p%3E%0A%3Cp%3E -A +Regardless of your opinion of different economic models, a review @@ -2657,10 +2657,8 @@ ocks - : htt @@ -2778,45 +2778,8 @@ ces -based upon Keynesian economic models are @@ -2792,17 +2792,16 @@ ainable. - %3C/ @@ -2802,24 +2802,32 @@ bsp;%3C/p%3E%0A%3Cp%3E +%3Cstrong%3E DCA is an es @@ -2883,156 +2883,211 @@ BTC -given its extreme volatility in price. %3C/p%3E%0A%3Cp%3EMany early Bitcoiners unfortunately made the mistake of investing without a simple plan. +for 3 reasons.%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E1. BTC will increase in price%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E2. Bitcoin is volatile%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E3. Nobody can time the market. %3C/strong%3E %3C/p%3E @@ -3126,16 +3126,21 @@ of BTC +both on a reg @@ -3175,16 +3175,17 @@ s budget +, regardl @@ -3226,23 +3226,18 @@ tion +, w -ould have mad +ill mak e fa @@ -3272,16 +3272,40 @@ in this +volatile but disruptive asset cl @@ -3319,26 +3319,20 @@ bsp; -Most people either +%3C/p%3E%0A%3Cp%3EMany sol @@ -3725,80 +3725,8 @@ dips - in the price relative to the fiat currency you are using to acquire BTC , wh @@ -3884,19 +3884,8 @@ time - (10 years) . &n @@ -4968,22 +4968,16 @@ on BTC. - However, @@ -5098,16 +5098,37 @@ ion BTC +that will be ever be availabl @@ -5150,27 +5150,27 @@ . -Furthermore +In addition , many m @@ -5232,21 +5232,16 @@ BTC and -they have no @@ -5525,16 +5525,21 @@ ined by +pure supply a @@ -5547,16 +5547,35 @@ d demand + Austrian economics .%3C/p%3E%0A%3Cp @@ -6296,24 +6296,48 @@ y th -e central banks. +ose who value Keynesian economics. %3C/p%3E |
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| permlink | bitcoin-btc-dollar-cost-averaging |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/28 15:46:12
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/28 15:46:12
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. This PDF outlining the DCA strategy changed my life forever:</p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Many believe Satoshi Nakamoto was inspired to create BTC as the hold grail for Austrian economists: </p> <p>http://towardsliberty.com/library/economics/ </p> <p>Regardless of your opinion of different economic models, a review of the world debt clocks http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices are unsustainable. </p> <p><strong>DCA is an especially attractive way to approach investing in BTC for 3 reasons.</strong></p> <p><strong>1. BTC will increase in price</strong></p> <p><strong>2. Bitcoin is volatile</strong></p> <p><strong>3. Nobody can time the market. </strong></p> <p>Buying a fixed dollar amount of BTC both on a regular schedule and within ones budget, regardless of share price or market direction, will make far more successful investors in this volatile but disruptive asset class. </p> <p>Many sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time. </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire BTC and have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by pure supply and demand Austrian economics.</p> <p><strong>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </strong></p> <p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by those who value Keynesian economics. </p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p> <p><br></p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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"body": "<html>\n<p>6/23/2018</p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. This PDF outlining the DCA strategy changed my life forever:</p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Many believe Satoshi Nakamoto was inspired to create BTC as the hold grail for Austrian economists: </p>\n<p>http://towardsliberty.com/library/economics/ </p>\n<p>Regardless of your opinion of different economic models, a review of the world debt clocks http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices are unsustainable. </p>\n<p><strong>DCA is an especially attractive way to approach investing in BTC for 3 reasons.</strong></p>\n<p><strong>1. BTC will increase in price</strong></p>\n<p><strong>2. Bitcoin is volatile</strong></p>\n<p><strong>3. Nobody can time the market. </strong></p>\n<p>Buying a fixed dollar amount of BTC both on a regular schedule and within ones budget, regardless of share price or market direction, will make far more successful investors in this volatile but disruptive asset class. </p>\n<p>Many sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time. </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire BTC and have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by pure supply and demand Austrian economics.</p>\n<p><strong>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </strong></p>\n<p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by those who value Keynesian economics. </p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous:</p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p>\n<p><br></p>\n<p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p>\n</html>",
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}youngogmarqsupvoted (0.02%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/28 14:30:39
youngogmarqsupvoted (0.02%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/28 14:30:39
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}thetroublenotesupvoted (0.30%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/28 14:30:21
thetroublenotesupvoted (0.30%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/28 14:30:21
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/28 14:28:30
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/28 14:28:30
| author | ironeagle |
| body | @@ -680,106 +680,32 @@ . Th -e inspiration for doing this was my uncle who enlightened me with the PDF below. This simple +is PDF outlining the DCA str @@ -733,24 +733,17 @@ forever -. +: %3C/p%3E%0A%3Cp%3E @@ -2396,335 +2396,66 @@ bsp; -Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. %3C/p%3E%0A%3Cp%3EPerhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?%3C/p%3E%0A%3Cp%3EIf that is the case, BTC i +Many believe Satoshi Nakamoto was inspired to create BTC a s th @@ -2459,17 +2459,17 @@ the hol -y +d grail f @@ -2491,13 +2491,26 @@ nomi -cs : +sts: %3C/p%3E%0A%3Cp%3E http @@ -2563,17 +2563,74 @@ %3C/p%3E%0A%3Cp%3E -A +Regardless of your opinion of different economic models, a review @@ -2657,10 +2657,8 @@ ocks - : htt @@ -2778,45 +2778,8 @@ ces -based upon Keynesian economic models are @@ -2792,17 +2792,16 @@ ainable. - %3C/ @@ -2802,24 +2802,32 @@ bsp;%3C/p%3E%0A%3Cp%3E +%3Cstrong%3E DCA is an es @@ -2883,156 +2883,211 @@ BTC -given its extreme volatility in price. %3C/p%3E%0A%3Cp%3EMany early Bitcoiners unfortunately made the mistake of investing without a simple plan. +for 3 reasons.%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E1. BTC will increase in price%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E2. Bitcoin is volatile%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E3. Nobody can time the market. %3C/strong%3E %3C/p%3E @@ -3327,65 +3327,8 @@ %0A%3Cp%3E -Most people made one of the two possible mistakes: Many @@ -3884,19 +3884,8 @@ time - (10 years) . &n @@ -5228,31 +5228,16 @@ ire -1 BTC and -those people have @@ -5525,16 +5525,21 @@ ined by +pure supply a @@ -5547,16 +5547,35 @@ d demand + Austrian economics .%3C/p%3E%0A%3Cp @@ -6296,24 +6296,48 @@ y th -e central banks. +ose who value Keynesian economics. %3C/p%3E |
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| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging |
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"body": "@@ -680,106 +680,32 @@\n . Th\n-e inspiration for doing this was my uncle who enlightened me with the PDF below. This simple\n+is PDF outlining the DCA\n str\n@@ -733,24 +733,17 @@\n forever\n-. \n+:\n %3C/p%3E%0A%3Cp%3E\n@@ -2396,335 +2396,66 @@\n bsp;\n-Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. %3C/p%3E%0A%3Cp%3EPerhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?%3C/p%3E%0A%3Cp%3EIf that is the case, BTC i\n+Many believe Satoshi Nakamoto was inspired to create BTC a\n s th\n@@ -2459,17 +2459,17 @@\n the hol\n-y\n+d\n grail f\n@@ -2491,13 +2491,26 @@\n nomi\n-cs : \n+sts: %3C/p%3E%0A%3Cp%3E\n http\n@@ -2563,17 +2563,74 @@\n %3C/p%3E%0A%3Cp%3E\n-A\n+Regardless of your opinion of different economic models, a\n review \n@@ -2657,10 +2657,8 @@\n ocks\n- :\n htt\n@@ -2778,45 +2778,8 @@\n ces \n-based upon Keynesian economic models \n are \n@@ -2792,17 +2792,16 @@\n ainable.\n- \n %3C/\n@@ -2802,24 +2802,32 @@\n bsp;%3C/p%3E%0A%3Cp%3E\n+%3Cstrong%3E\n DCA is an es\n@@ -2883,156 +2883,211 @@\n BTC \n-given its extreme volatility in price. %3C/p%3E%0A%3Cp%3EMany early Bitcoiners unfortunately made the mistake of investing without a simple plan. \n+for 3 reasons.%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E1. BTC will increase in price%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E2. Bitcoin is volatile%3C/strong%3E%3C/p%3E%0A%3Cp%3E%3Cstrong%3E3. Nobody can time the market. %3C/strong%3E\n %3C/p%3E\n@@ -3327,65 +3327,8 @@\n %0A%3Cp%3E\n-Most people made one of the two possible mistakes: \n Many\n@@ -3884,19 +3884,8 @@\n time\n- (10 years)\n . &n\n@@ -5228,31 +5228,16 @@\n ire \n-1 \n BTC and \n-those people \n have\n@@ -5525,16 +5525,21 @@\n ined by \n+pure \n supply a\n@@ -5547,16 +5547,35 @@\n d demand\n+ Austrian economics\n .%3C/p%3E%0A%3Cp\n@@ -6296,24 +6296,48 @@\n y th\n-e central banks.\n+ose who value Keynesian economics. \n %3C/p%3E\n",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/28 03:15:27
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/28 03:15:27
| author | ironeagle |
| body | @@ -3383,16 +3383,21 @@ of BTC +both on a reg @@ -3432,16 +3432,17 @@ s budget +, regardl @@ -3483,23 +3483,18 @@ tion +, w -ould have mad +ill mak e fa @@ -3529,16 +3529,40 @@ in this +volatile but disruptive asset cl @@ -3572,16 +3572,24 @@ . +%3C/p%3E%0A%3Cp%3E Most peo @@ -3596,14 +3596,57 @@ ple -either +made one of the two possible mistakes: Many sol @@ -4039,80 +4039,8 @@ dips - in the price relative to the fiat currency you are using to acquire BTC , wh |
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}beautifulklarereplied to @ironeagle / 20180627t075742025z2018/06/27 07:57:42
beautifulklarereplied to @ironeagle / 20180627t075742025z
2018/06/27 07:57:42
| author | beautifulklare |
| body | <p><blockquote> While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance</blockquote> </p></p>Go for it now. The future is promised to no one. Wayne Dyer</p></p> |
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}beautifulklarereplied to @ironeagle / 20180627t072652512z2018/06/27 07:26:54
beautifulklarereplied to @ironeagle / 20180627t072652512z
2018/06/27 07:26:54
| author | beautifulklare |
| body | <p><blockquote>com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38 If you would like to learn more of if you have any questions please contact me via Twitter https://twitter</blockquote> </p></p>I would rather die of passion than of boredom. Vincent van Gogh</p></p> |
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"body": "<p><blockquote>com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38\nIf you would like to learn more of if you have any questions please contact me via Twitter https://twitter</blockquote> </p></p>I would rather die of passion than of boredom. Vincent van Gogh</p></p>",
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}beautifulklareupvoted (5.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/27 07:26:54
beautifulklareupvoted (5.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/27 07:26:54
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 04:19:06
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 04:19:06
| author | ironeagle |
| body | @@ -5858,24 +5858,32 @@ and.%3C/p%3E%0A%3Cp%3E +%3Cstrong%3E For all of t @@ -6100,24 +6100,33 @@ ent. %3C/ +strong%3E%3C/ p%3E%0A%3Cp%3EIn con |
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 04:18:33
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 04:18:33
| author | ironeagle |
| body | @@ -5460,19 +5460,19 @@ bsp; -In addition +Furthermore , ma @@ -5530,18 +5530,16 @@ entire -1 BTC and @@ -5544,18 +5544,10 @@ d th -ose peopl e +y hav |
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 04:16:12
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 04:16:12
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p> <p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p> <p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p> <p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. 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"body": "<html>\n<p>6/23/2018</p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p>\n<p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p>\n<p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p>\n<p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous:</p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p>\n<p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p>\n</html>",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 04:15:30
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 04:15:30
| author | ironeagle |
| body | @@ -5289,16 +5289,22 @@ on BTC. + However, @@ -5429,29 +5429,8 @@ BTC -that will be ever be avai |
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2018/06/27 04:13:33
| author | classicmemes |
| body | I'm trying to find a better way to browse steemit. steemit.com get's a bit slow for me. |
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 04:12:18
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 04:12:18
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p> <p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p> <p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p> <p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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"body": "<html>\n<p>6/23/2018</p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p>\n<p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p>\n<p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p>\n<p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous:</p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p>\n<p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p>\n</html>",
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}samarasmithupvoted (100.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/27 02:28:33
samarasmithupvoted (100.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/27 02:28:33
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2018/06/27 01:42:24
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| body | ✅ @ironeagle, I gave you an upvote on your post! **Please give me a follow** and I will give you a follow in return and possible future votes!<br><br>Thank you in advance! |
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2018/06/27 01:42:21
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/27 01:15:24
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/27 01:15:24
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/27 01:12:12
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/27 01:12:12
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p> <p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p> <p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p> <p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p> <p><br></p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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"body": "<html>\n<p>6/23/2018</p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p>\n<p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p>\n<p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p>\n<p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous:</p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. 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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 01:10:33
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 01:10:33
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p> <p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p> <p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p> <p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. </p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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"body": "<html>\n<p>6/23/2018</p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle who enlightened me with the PDF below. This simple strategy changed my life forever. </p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>If that is the case, BTC is the holy grail for Austrian economics : http://towardsliberty.com/library/economics/ </p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. </p>\n<p>DCA is an especially attractive way to approach investing in BTC given its extreme volatility in price. </p>\n<p>Many early Bitcoiners unfortunately made the mistake of investing without a simple plan. </p>\n<p>Buying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset class. Most people either sold the vast majority of their BTC after massive pumps in the price only to regret their decision years later when BTC reached all time highs. On the other hand, others purchased BTC in amounts well beyond their budget just before a bear market and then capitulated leading to massive loses. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains. This assumes you have a low time preference and can HODL for a significant amount of time (10 years). </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds. Could you find $100 each week that may change your entire life in 10 years?</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p><strong>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC</strong>. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want to take the red pill, the price will be determined by supply and demand.</p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p>In conclusion, from the moment I first purchased my first fraction of a BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that is created by the central banks.</p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous:</p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p>Disclosure: This material is not financial advice. The author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not paid by any of the products listed above. 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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/27 01:09:06
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/27 01:09:06
| author | ironeagle |
| body | <html> <p>yes</p> </html> |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/27 01:08:09
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/27 01:08:09
| author | ironeagle |
| body | @@ -3304,18 +3304,17 @@ of -buying BTC +investing wit @@ -3335,48 +3335,215 @@ plan - they could execute on a consistent b +. %3C/p%3E%0A%3Cp%3EBuying a fixed dollar amount of BTC on a regular schedule and within ones budget regardless of share price or market direction would have made far more successful investors in this asset cl as -i s. & @@ -3552,16 +3552,23 @@ sp;Most +people either s @@ -3571,16 +3571,37 @@ er sold +the vast majority of their BT @@ -3717,19 +3717,16 @@ O -r o n the ot @@ -3735,25 +3735,53 @@ r hand, -purchased + others purchased BTC in amounts well be @@ -4094,16 +4094,131 @@ e gains. + This assumes you have a low time preference and can HODL for a significant amount of time (10 years). %3C/p%3E%0A%3Cp%3E |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/27 00:39:18
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/27 00:39:18
| author | ironeagle |
| body | @@ -6915,16 +6915,46 @@ %3C/p%3E%0A%3Cp%3E +Disclosure: This mat @@ -6996,83 +6996,109 @@ p;Th -is is my opinion only. I have no financial disclosures nor am I +e author owns Bitcoin and Vanguard index funds. This article is my opinion only. I am not pai @@ -7204,104 +7204,8 @@ ose. - Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. &nb |
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| permlink | btc-dca-bitcoin-dollar-cost-averaging |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 21:31:33
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 21:31:33
| author | ironeagle |
| body | @@ -5473,19 +5473,36 @@ ey want -BTC +to take the red pill , the pr @@ -5859,24 +5859,26 @@ fraction of +a BTC over a y @@ -6231,16 +6231,53 @@ c crisis + that is created by the central banks .%3C/p%3E%0A%3Cp |
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}miqykupvoted (15.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/26 21:30:36
miqykupvoted (15.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 21:30:36
| author | ironeagle |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 21:29:24
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 21:29:24
| author | ironeagle |
| body | @@ -3236,16 +3236,24 @@ . +%3C/p%3E%0A%3Cp%3E Many ear @@ -3280,16 +3280,129 @@ unately +made the mistake of buying BTC without a simple plan they could execute on a consistent basis. Most either sold the @@ -3523,16 +3523,19 @@ O +r o n the ot @@ -3547,18 +3547,8 @@ and, - those who pur @@ -3605,16 +3605,25 @@ market +and then capitula |
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| permlink | btc-dca-bitcoin-dollar-cost-averaging |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 19:18:33
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 19:18:33
| author | ironeagle |
| body | @@ -3245,56 +3245,24 @@ any -people who discovered BTC far earlier than I did +early Bitcoiners unf @@ -3361,16 +3361,48 @@ rs later + when BTC reached all time highs . @@ -3420,20 +3420,25 @@ r hand, -many +those who purchas @@ -3469,84 +3469,71 @@ get -only to have the price drop to levels that caused anxiety and capitulation. +just before a bear market capitulated leading to massive loses. &nbs @@ -3920,16 +3920,98 @@ seconds. + Could you find $100 each week that may change your entire life in 10 years? %3C/strong @@ -4587,24 +4587,32 @@ 2010%3C/p%3E%0A%3Cp%3E +%3Cstrong%3E While past p @@ -4746,24 +4746,33 @@ heir own BTC +%3C/strong%3E . Sato |
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| parent author | |
| parent permlink | bitcoin |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging |
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"author": "ironeagle",
"body": "@@ -3245,56 +3245,24 @@\n any \n-people who discovered BTC far earlier than I did\n+early Bitcoiners\n unf\n@@ -3361,16 +3361,48 @@\n rs later\n+ when BTC reached all time highs\n . \n@@ -3420,20 +3420,25 @@\n r hand, \n-many\n+those who\n purchas\n@@ -3469,84 +3469,71 @@\n get \n-only to have the price drop to levels that caused anxiety and capitulation. \n+just before a bear market capitulated leading to massive loses.\n &nbs\n@@ -3920,16 +3920,98 @@\n seconds.\n+ Could you find $100 each week that may change your entire life in 10 years?\n %3C/strong\n@@ -4587,24 +4587,32 @@\n 2010%3C/p%3E%0A%3Cp%3E\n+%3Cstrong%3E\n While past p\n@@ -4746,24 +4746,33 @@\n heir own BTC\n+%3C/strong%3E\n . Sato\n",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 19:09:00
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 19:09:00
| author | ironeagle |
| body | @@ -20,28 +20,16 @@ %3C/p%3E%0A%3Cp%3E -%3Cbr%3E%3C/p%3E%0A%3Cp%3E + Would yo @@ -721,25 +721,22 @@ ncle -. He provid + who enlighten ed m @@ -759,377 +759,113 @@ elow - which I can say changed my life forever. He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. %3C/p%3E%0A%3Cp%3Ehttps://www.etf.com/docs/IfYouCan.pdf%3C/p%3E%0A%3Cp%3EAdditional resources for DCA and the %22lazy porfolio%22 concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios +. This simple strategy changed my life forever. %3C/p%3E%0A%3Cp%3Ehttps://www.etf.com/docs/IfYouCan.pdf %3C/p%3E @@ -1058,32 +1058,110 @@ . %3C/p%3E%0A%3Cp%3E +Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. BTC is the world @@ -1210,16 +1210,22 @@ ragile. + Furtherm @@ -1539,374 +1539,236 @@ bsp; -%3C/p%3E%0A%3Cp%3EAlthough Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, + BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http -s :// -patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. +data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a %3C/p%3E @@ -2664,347 +2664,8 @@ bsp; -How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.%3C/p%3E%0A%3Cp%3EA review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices and Keynesian economic models are unsustainable. %3C/p%3E @@ -2766,32 +2766,53 @@ losophy?%3C/p%3E%0A%3Cp%3E +If that is the case, BTC is the holy @@ -2817,20 +2817,19 @@ y grail -that +for Austria @@ -2838,27 +2838,19 @@ economic - philosophy +s : http:// @@ -2904,235 +2904,226 @@ %0A%3Cp%3E -BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a +A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. %3C/p%3E @@ -5278,137 +5278,48 @@ ice -has nowhere to go but up. BTC is simple supply and demand Austrian economics at work and solves real world problems. +will be determined by supply and demand. %3C/p%3E |
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| parent permlink | bitcoin |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging |
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"body": "@@ -20,28 +20,16 @@\n %3C/p%3E%0A%3Cp%3E\n-%3Cbr%3E%3C/p%3E%0A%3Cp%3E\n+\n Would yo\n@@ -721,25 +721,22 @@\n ncle\n-. He provid\n+ who enlighten\n ed m\n@@ -759,377 +759,113 @@\n elow\n- which I can say changed my life forever. He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. %3C/p%3E%0A%3Cp%3Ehttps://www.etf.com/docs/IfYouCan.pdf%3C/p%3E%0A%3Cp%3EAdditional resources for DCA and the %22lazy porfolio%22 concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios\n+. This simple strategy changed my life forever. %3C/p%3E%0A%3Cp%3Ehttps://www.etf.com/docs/IfYouCan.pdf\n %3C/p%3E\n@@ -1058,32 +1058,110 @@\n . %3C/p%3E%0A%3Cp%3E\n+Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf. \n BTC is the world\n@@ -1210,16 +1210,22 @@\n ragile. \n+ \n Furtherm\n@@ -1539,374 +1539,236 @@\n bsp;\n-%3C/p%3E%0A%3Cp%3EAlthough Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain,\n+ BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack.\n http\n-s\n ://\n-patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. \n+data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n %3C/p%3E\n@@ -2664,347 +2664,8 @@\n bsp;\n-How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.%3C/p%3E%0A%3Cp%3EA review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices and Keynesian economic models are unsustainable.\n %3C/p%3E\n@@ -2766,32 +2766,53 @@\n losophy?%3C/p%3E%0A%3Cp%3E\n+If that is the case, \n BTC is the holy \n@@ -2817,20 +2817,19 @@\n y grail \n-that\n+for\n Austria\n@@ -2838,27 +2838,19 @@\n economic\n- philosophy\n+s :\n http://\n@@ -2904,235 +2904,226 @@\n %0A%3Cp%3E\n-BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n+A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices based upon Keynesian economic models are unsustainable. \n %3C/p%3E\n@@ -5278,137 +5278,48 @@\n ice \n-has nowhere to go but up. BTC is simple supply and demand Austrian economics at work and solves real world problems. \n+will be determined by supply and demand.\n %3C/p%3E\n",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 16:18:42
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 16:18:42
| author | ironeagle |
| body | @@ -3550,58 +3550,22 @@ ics/ - has been searching for throughout history. + %3C/p%3E%0A%3Cp%3E BTC |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 13:26:30
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 13:26:30
| author | ironeagle |
| body | @@ -3991,20 +3991,19 @@ than I -have +did unfortu @@ -4144,21 +4144,8 @@ sed -too much and well |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 12:34:27
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 12:34:27
| author | ironeagle |
| body | @@ -3756,28 +3756,16 @@ attack. - http://d @@ -3835,199 +3835,11 @@ %0A%3Cp%3E -In any event, given my investment experience thus far, it was a relatively easy transition for me to think about DCA when investing in BTC rather than buying an entire BTC. %3C/p%3E%0A%3Cp%3EThis +DCA is @@ -4088,21 +4088,16 @@ ecision -only years la @@ -4482,95 +4482,9 @@ ains - which when they do occur are over 300%25 over 5 days in the years that BTC pumps. +. %3C/p%3E |
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"body": "@@ -3756,28 +3756,16 @@\n attack. \n- \n http://d\n@@ -3835,199 +3835,11 @@\n %0A%3Cp%3E\n-In any event, given my investment experience thus far, it was a relatively easy transition for me to think about DCA when investing in BTC rather than buying an entire BTC. %3C/p%3E%0A%3Cp%3EThis\n+DCA\n is \n@@ -4088,21 +4088,16 @@\n ecision \n-only \n years la\n@@ -4482,95 +4482,9 @@\n ains\n- which when they do occur are over 300%25 over 5 days in the years that BTC pumps. \n+.\n %3C/p%3E\n",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 12:26:21
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 12:26:21
| author | ironeagle |
| body | @@ -1411,22 +1411,16 @@ ragile. - Furtherm |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 12:24:57
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 12:24:57
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p><br></p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle. He provided me with the PDF below which I can say changed my life forever. He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. </p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Additional resources for DCA and the "lazy porfolio" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. </p> <p>Although Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, https://patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. </p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.</p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices and Keynesian economic models are unsustainable.</p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>BTC is the holy grail that Austrian economic philosophy http://towardsliberty.com/library/economics/ has been searching for throughout history. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>In any event, given my investment experience thus far, it was a relatively easy transition for me to think about DCA when investing in BTC rather than buying an entire BTC. </p> <p>This is an especially attractive way to approach investing in BTC given its extreme volatility in price. Many people who discovered BTC far earlier than I have unfortunately sold their BTC after massive pumps in the price only to regret their decision only years later. On the other hand, many purchased too much and well beyond their budget only to have the price drop to levels that caused anxiety and capitulation. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains which when they do occur are over 300% over 5 days in the years that BTC pumps. </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want BTC, the price has nowhere to go but up. BTC is simple supply and demand Austrian economics at work and solves real world problems. </p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p>In conclusion, from the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis.</p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. </p> <p><br></p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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"body": "<html>\n<p>6/23/2018</p>\n<p><br></p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle. He provided me with the PDF below which I can say changed my life forever. He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. </p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Additional resources for DCA and the \"lazy porfolio\" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. </p>\n<p>Although Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, https://patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. </p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.</p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices and Keynesian economic models are unsustainable.</p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>BTC is the holy grail that Austrian economic philosophy http://towardsliberty.com/library/economics/ has been searching for throughout history. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>In any event, given my investment experience thus far, it was a relatively easy transition for me to think about DCA when investing in BTC rather than buying an entire BTC. </p>\n<p>This is an especially attractive way to approach investing in BTC given its extreme volatility in price. Many people who discovered BTC far earlier than I have unfortunately sold their BTC after massive pumps in the price only to regret their decision only years later. On the other hand, many purchased too much and well beyond their budget only to have the price drop to levels that caused anxiety and capitulation. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains which when they do occur are over 300% over 5 days in the years that BTC pumps. </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want BTC, the price has nowhere to go but up. BTC is simple supply and demand Austrian economics at work and solves real world problems. </p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p>In conclusion, from the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. 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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 12:24:30
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 12:24:30
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p><br></p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle. He provided me with the PDF below which I can say changed my life forever. He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. </p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p>Additional resources for DCA and the "lazy porfolio" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios</p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p>BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. </p> <p>Although Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, https://patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. </p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.</p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices and Keynesian economic models are unsustainable.</p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>BTC is the holy grail that Austrian economic philosophy http://towardsliberty.com/library/economics/ has been searching for throughout history. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p>In any event, given my investment experience thus far, it was a relatively easy transition for me to think about DCA when investing in BTC rather than buying an entire BTC. </p> <p>This is an especially attractive way to approach investing in BTC given its extreme volatility in price. Many people who discovered BTC far earlier than I have unfortunately sold their BTC after massive pumps in the price only to regret their decision only years later. On the other hand, many purchased too much and well beyond their budget only to have the price drop to levels that caused anxiety and capitulation. </p> <p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains which when they do occur are over 300% over 5 days in the years that BTC pumps. </p> <p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.</strong></em></p> <p>What is the potential upside of DCA for BTC? </p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want BTC, the price has nowhere to go but up. BTC is simple supply and demand Austrian economics at work and solves real world problems. </p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p>In conclusion, from the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis.</p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous:</p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p>This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. </p> <p><br></p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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| parent permlink | bitcoin |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging : BTC DCA |
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"body": "<html>\n<p>6/23/2018</p>\n<p><br></p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. The inspiration for doing this was my uncle. He provided me with the PDF below which I can say changed my life forever. He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. </p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p>Additional resources for DCA and the \"lazy porfolio\" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios</p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p>BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. </p>\n<p>Although Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, https://patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. </p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. </p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.</p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.</p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central banking practices and Keynesian economic models are unsustainable.</p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>BTC is the holy grail that Austrian economic philosophy http://towardsliberty.com/library/economics/ has been searching for throughout history. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p>In any event, given my investment experience thus far, it was a relatively easy transition for me to think about DCA when investing in BTC rather than buying an entire BTC. </p>\n<p>This is an especially attractive way to approach investing in BTC given its extreme volatility in price. Many people who discovered BTC far earlier than I have unfortunately sold their BTC after massive pumps in the price only to regret their decision only years later. On the other hand, many purchased too much and well beyond their budget only to have the price drop to levels that caused anxiety and capitulation. </p>\n<p>DCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains which when they do occur are over 300% over 5 days in the years that BTC pumps. </p>\n<p><em><strong>Buying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.</strong></em></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. Check out the website below to see how you might have done by investing in this over the past 9 years. </p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p>While past performance is no guarantee of future returns, consider the fact that BTC is so scarce that not even every millionaire can own their own BTC. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have already purchased more than an entire 1 BTC and those people have no intention to sell until well into the future. http://www.thehalvening.com/#1 . </p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want BTC, the price has nowhere to go but up. BTC is simple supply and demand Austrian economics at work and solves real world problems. </p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p>In conclusion, from the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis.</p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous:</p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p>This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. </p>\n<p><br></p>\n<p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p>\n</html>",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/26 12:23:42
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/26 12:23:42
| author | ironeagle |
| body | @@ -1349,2587 +1349,1789 @@ %0A%3Cp%3E -What is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. I came to the realization that if you ask 100 people about BTC, you will get 100 different answer +BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition i s +b as - to why BTC +ed upon i +t s -valuable. I wanted to learn as much as I could before investing in this new asset. %3C/p%3E%0A%3Cp%3EFor most, the first step is to read the BTC whitepaper https://bitcoin.org/bitcoin.pdf. %3C/p%3E%0A%3Cp%3EAlthough Satoshi Nakamoto invented BTC in 2009, the foundation for BTC is the blockchain. It was IBM who can take credit for the cryptography: https://patents.google.com/patent/US4316055A/en?oq=US4316055A. %3C/p%3E%0A%3Cp%3EWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. %3C/p%3E%0A%3Cp%3ERemarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC. %3C/p%3E%0A%3Cp%3EIn my estimation, BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate (security feature) increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a%3C/p%3E%0A%3Cp%3EAn often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys and thus keep your BTC safe. A hardware wallet such as a Trezor or ledger nano S are 2 such devices. With some practice, using your hardware wallet becomes as easy as using a smartphone. %3C/p%3E%0A%3Cp%3ECheck out the Trezor https://shop.trezor.io/ or ledger device at https://www.ledgerwallet.com/products/ledger-nano-s%3C/p%3E%0A%3Cp%3EWhile many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. +scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. %3C/p%3E%0A%3Cp%3EAlthough Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, https://patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. %3C/p%3E%0A%3Cp%3EWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. %3C/p%3E%0A%3Cp%3EAn often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.%3C/p%3E%0A%3Cp%3EWhile many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC. %3C/p%3E @@ -3456,67 +3456,33 @@ %0A%3Cp%3E -This website is a good resource for additional reading abou +BTC is the holy grail tha t Au @@ -3552,16 +3552,305 @@ onomics/ + has been searching for throughout history. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a %3C/p%3E%0A%3Cp%3E @@ -4151,591 +4151,819 @@ bsp; -I began DCA for BTC in May of 2017 and will continue to purchase BTC for the foreseeable future. %3C/p%3E%0A%3Cp%3E%3Cem%3E%3Cstrong%3EBuying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.%3C/strong%3E%3C/em%3E%3C/p%3E%0A%3Cp%3EDCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the gains over time assuming you have no plans on selling for a significant amount of time. +Many people who discovered BTC far earlier than I have unfortunately sold their BTC after massive pumps in the price only to regret their decision only years later. On the other hand, many purchased too much and well beyond their budget only to have the price drop to levels that caused anxiety and capitulation. %3C/p%3E%0A%3Cp%3EDCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains which when they do occur are over 300%25 over 5 days in the years that BTC pumps. %3C/p%3E%0A%3Cp%3E%3Cem%3E%3Cstrong%3EBuying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.%3C/strong%3E%3C/em%3E %3C/p%3E @@ -5975,16 +5975,24 @@ es have +already purchase @@ -6022,25 +6022,12 @@ BTC -. Moreover, + and tho @@ -6077,40 +6077,23 @@ ell -after the next halvening in 2020 +into the future . &n @@ -6322,18 +6322,19 @@ . -It +BTC is simp @@ -6384,307 +6384,39 @@ work -. If all of the millionaires in the world decided today that they wanted 1 BTC, it would not be possible and thus the price would have to be well over 1 million USD per BTC. If central banks start buying and hoarding BTC as a store of value, the price will even higher than 1 million USD + and solves real world problems . &n @@ -6668,66 +6668,8 @@ /p%3E%0A -%3Cp%3EOnly time will determine the outcome of this plan.%3C/p%3E%0A %3Cp%3EI @@ -6837,22 +6837,16 @@ inance, - and econ @@ -6888,159 +6888,8 @@ ise. - The more you learn about BTC, the more you realize you have a long way to go before you have a solid understanding of the underlying technology. &nb @@ -7107,45 +7107,9 @@ isis - that the central banks create. +. %3C/p%3E |
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| permlink | btc-dca-bitcoin-dollar-cost-averaging |
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"body": "@@ -1349,2587 +1349,1789 @@\n %0A%3Cp%3E\n-What is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. I came to the realization that if you ask 100 people about BTC, you will get 100 different answer\n+BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition i\n s \n+b\n as\n- to why BTC\n+ed upon\n i\n+t\n s \n-valuable. I wanted to learn as much as I could before investing in this new asset. %3C/p%3E%0A%3Cp%3EFor most, the first step is to read the BTC whitepaper https://bitcoin.org/bitcoin.pdf. %3C/p%3E%0A%3Cp%3EAlthough Satoshi Nakamoto invented BTC in 2009, the foundation for BTC is the blockchain. It was IBM who can take credit for the cryptography: https://patents.google.com/patent/US4316055A/en?oq=US4316055A. %3C/p%3E%0A%3Cp%3EWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. %3C/p%3E%0A%3Cp%3ERemarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC. %3C/p%3E%0A%3Cp%3EIn my estimation, BTC is the worlds first working digital cash that is antifragile. Furthermore, it is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate (security feature) increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a%3C/p%3E%0A%3Cp%3EAn often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys and thus keep your BTC safe. A hardware wallet such as a Trezor or ledger nano S are 2 such devices. With some practice, using your hardware wallet becomes as easy as using a smartphone. %3C/p%3E%0A%3Cp%3ECheck out the Trezor https://shop.trezor.io/ or ledger device at https://www.ledgerwallet.com/products/ledger-nano-s%3C/p%3E%0A%3Cp%3EWhile many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. \n+scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. %3C/p%3E%0A%3Cp%3EAlthough Satoshi Nakamoto invented BTC in 2009, https://bitcoin.org/bitcoin.pdf, the foundation for BTC is based on cryptography and blockchain computer science. IBM created the worlds first blockchain, https://patents.google.com/patent/US4316055A/en?oq=US4316055A, however it was Satoshi who created the worlds first sound money 33 years later. %3C/p%3E%0A%3Cp%3EWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization. This fact made those prior attempts at digital cash vulnerable to regulators. %3C/p%3E%0A%3Cp%3EAn often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. There are multiple ways one can secure their private keys, however the Trezor https://shop.trezor.io/ is the best in my opinon.%3C/p%3E%0A%3Cp%3EWhile many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for the world of finance. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.\n %3C/p%3E\n@@ -3456,67 +3456,33 @@\n %0A%3Cp%3E\n-This website is a good resource for additional reading abou\n+BTC is the holy grail tha\n t Au\n@@ -3552,16 +3552,305 @@\n onomics/\n+ has been searching for throughout history. BTC is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n %3C/p%3E%0A%3Cp%3E\n@@ -4151,591 +4151,819 @@\n bsp;\n-I began DCA for BTC in May of 2017 and will continue to purchase BTC for the foreseeable future. %3C/p%3E%0A%3Cp%3E%3Cem%3E%3Cstrong%3EBuying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.%3C/strong%3E%3C/em%3E%3C/p%3E%0A%3Cp%3EDCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the gains over time assuming you have no plans on selling for a significant amount of time. \n+Many people who discovered BTC far earlier than I have unfortunately sold their BTC after massive pumps in the price only to regret their decision only years later. On the other hand, many purchased too much and well beyond their budget only to have the price drop to levels that caused anxiety and capitulation. %3C/p%3E%0A%3Cp%3EDCA will smooth out the volatility and allow you to capture all of the dips in the price relative to the fiat currency you are using to acquire BTC, while still maintaining a balance to enjoy the massive gains which when they do occur are over 300%25 over 5 days in the years that BTC pumps. %3C/p%3E%0A%3Cp%3E%3Cem%3E%3Cstrong%3EBuying $100 USD of BTC each week with the cash app https://cash.me/bitcoin and transferring your BTC to a Trezor hardware wallet takes only seconds.%3C/strong%3E%3C/em%3E\n %3C/p%3E\n@@ -5975,16 +5975,24 @@\n es have \n+already \n purchase\n@@ -6022,25 +6022,12 @@\n BTC\n-. Moreover,\n+ and\n tho\n@@ -6077,40 +6077,23 @@\n ell \n-after the next halvening in 2020\n+into the future\n . &n\n@@ -6322,18 +6322,19 @@\n . \n-It\n+BTC\n is simp\n@@ -6384,307 +6384,39 @@\n work\n-. If all of the millionaires in the world decided today that they wanted 1 BTC, it would not be possible and thus the price would have to be well over 1 million USD per BTC. If central banks start buying and hoarding BTC as a store of value, the price will even higher than 1 million USD\n+ and solves real world problems\n . &n\n@@ -6668,66 +6668,8 @@\n /p%3E%0A\n-%3Cp%3EOnly time will determine the outcome of this plan.%3C/p%3E%0A\n %3Cp%3EI\n@@ -6837,22 +6837,16 @@\n inance, \n- \n and econ\n@@ -6888,159 +6888,8 @@\n ise.\n- The more you learn about BTC, the more you realize you have a long way to go before you have a solid understanding of the underlying technology.\n &nb\n@@ -7107,45 +7107,9 @@\n isis\n- that the central banks create. \n+.\n %3C/p%3E\n",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/25 22:51:51
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/25 22:51:51
| author | ironeagle |
| body | @@ -3352,68 +3352,102 @@ bsp; -One way in which to secure your BTC private keys is to use a +There are multiple ways one can secure their private keys and thus keep your BTC safe. A har @@ -3490,16 +3490,37 @@ ger nano + S are 2 such devices . @@ -3537,24 +3537,28 @@ practice +, using -a +your hardwar @@ -3566,17 +3566,22 @@ wallet -i +become s as eas @@ -3681,16 +3681,19 @@ device +at https:// @@ -4246,24 +4246,114 @@ phy?%3C/p%3E%0A%3Cp%3E +This website is a good resource for additional reading about Austrian economic philosophy http://towar @@ -4366,16 +4366,34 @@ rty.com/ +library/economics/ %3C/p%3E%0A%3Cp%3E @@ -4567,35 +4567,10 @@ BTC - or more in my first round . + &nbs @@ -4798,28 +4798,16 @@ sp;%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3E%3Cem%3E%3C @@ -4919,16 +4919,23 @@ TC to a +Trezor hardware @@ -4946,48 +4946,27 @@ let -is an easy thing to do each week. +takes only seconds. %3C/st @@ -4980,28 +4980,16 @@ em%3E%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EDCA w @@ -5126,24 +5126,25 @@ acquire BTC +, while still @@ -5186,24 +5186,95 @@ gains over +time assuming you have no plans on selling for a significant amount of time. @@ -5933,70 +5933,78 @@ hat -there are only approximately 31 million millionaires worldwide +BTC is so scarce that not even every millionaire can own their own BTC . &n @@ -6894,32 +6894,147 @@ per BTC. +If central banks start buying and hoarding BTC as a store of value, the price will even higher than 1 million USD. %3C/p%3E%0A%3Cp%3EFo |
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| parent author | |
| parent permlink | bitcoin |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | BTC DCA: Bitcoin Dollar Cost Averaging |
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"body": "@@ -3352,68 +3352,102 @@\n bsp;\n-One way in which to secure your BTC private keys is to use a\n+There are multiple ways one can secure their private keys and thus keep your BTC safe. A\n har\n@@ -3490,16 +3490,37 @@\n ger nano\n+ S are 2 such devices\n . \n@@ -3537,24 +3537,28 @@\n practice\n+,\n using \n-a\n+your\n hardwar\n@@ -3566,17 +3566,22 @@\n wallet \n-i\n+become\n s as eas\n@@ -3681,16 +3681,19 @@\n device \n+at \n https://\n@@ -4246,24 +4246,114 @@\n phy?%3C/p%3E%0A%3Cp%3E\n+This website is a good resource for additional reading about Austrian economic philosophy \n http://towar\n@@ -4366,16 +4366,34 @@\n rty.com/\n+library/economics/\n %3C/p%3E%0A%3Cp%3E\n@@ -4567,35 +4567,10 @@\n BTC\n- or more in my first round\n .\n+ \n &nbs\n@@ -4798,28 +4798,16 @@\n sp;%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3E%3Cem%3E%3C\n@@ -4919,16 +4919,23 @@\n TC to a \n+Trezor \n hardware\n@@ -4946,48 +4946,27 @@\n let \n-is an easy thing to do each week. \n+takes only seconds.\n %3C/st\n@@ -4980,28 +4980,16 @@\n em%3E%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EDCA w\n@@ -5126,24 +5126,25 @@\n acquire BTC\n+,\n while still\n@@ -5186,24 +5186,95 @@\n gains over \n+time assuming you have no plans on selling for a significant amount of \n time. \n@@ -5933,70 +5933,78 @@\n hat \n-there are only approximately 31 million millionaires worldwide\n+BTC is so scarce that not even every millionaire can own their own BTC\n . &n\n@@ -6894,32 +6894,147 @@\n per BTC. \n+If central banks start buying and hoarding BTC as a store of value, the price will even higher than 1 million USD. \n %3C/p%3E%0A%3Cp%3EFo\n",
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/25 13:41:24
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/25 13:41:24
| author | ironeagle |
| body | @@ -283,36 +283,24 @@ r time?%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EDollar Co @@ -466,36 +466,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3Ehttps://w @@ -572,28 +572,16 @@ asp%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EFor t @@ -690,27 +690,60 @@ CA. - My uncl +The inspiration for doing this was my uncle. H e pr @@ -757,17 +757,19 @@ me with -a +the PDF bel @@ -814,36 +814,168 @@ ever. -%3C/p%3E%0A%3Cp%3E%3Cbr%3E +He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. %3C/p%3E%0A%3Cp%3Ehttp @@ -1019,25 +1019,9 @@ %0A%3Cp%3E -%3Cbr%3E%3C/p%3E%0A%3Cp%3EAnd a +A ddit @@ -1034,16 +1034,17 @@ resource +s for DCA @@ -1144,28 +1144,16 @@ ios%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EAltho @@ -1338,36 +1338,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EWhat is B @@ -1598,32 +1598,110 @@ TC is valuable. + I wanted to learn as much as I could before investing in this new asset. %3C/p%3E%0A%3Cp%3EFo @@ -1706,16 +1706,17 @@ For most +, the fir @@ -1877,76 +1877,89 @@ for -this invention was the blockchain which was invented in 1976 by IBM, +BTC is the blockchain. It was IBM who can take credit for the cryptography: htt @@ -2165,20 +2165,32 @@ lization - tha +. This fac t made t @@ -2190,17 +2190,17 @@ made th -e +o se prior @@ -2204,18 +2204,32 @@ ior -inventions +attempts at digital cash vul @@ -2441,24 +2441,158 @@ so valuable. + How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC. %3C/p%3E%0A @@ -3054,16 +3054,35 @@ ash rate + (security feature) increas @@ -3456,18 +3456,16 @@ ger nano - S . @@ -4712,36 +4712,8 @@ eek -is a simple plan to execute with @@ -4754,33 +4754,91 @@ oin and -a hardware wallet +transferring your BTC to a hardware wallet is an easy thing to do each week . @@ -4910,16 +4910,29 @@ ity and +allow you to capture @@ -5014,24 +5014,87 @@ acquire BTC + while still maintaining a balance to enjoy the gains over time . %3C/p%3E @@ -5428,24 +5428,132 @@ 25,000 BTC. + Check out the website below to see how you might have done by investing in this over the past 9 years. %3C/p%3E%0A%3C @@ -6424,23 +6424,8 @@ ant -at a minimum 1 BTC, @@ -6525,16 +6525,194 @@ at work. + If all of the millionaires in the world decided today that they wanted 1 BTC, it would not be possible and thus the price would have to be well over 1 million USD per BTC. & @@ -7041,13 +7041,12 @@ on, -since +from the @@ -7311,120 +7311,98 @@ you -know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. +have a long way to go before you have a solid understanding of the underlying technology. &nbs @@ -8139,28 +8139,16 @@ p38%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EIf yo @@ -8295,28 +8295,16 @@ sp;%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EThis |
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| parent author | |
| parent permlink | bitcoin |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | BTC DCA: Bitcoin Dollar Cost Averaging |
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"body": "@@ -283,36 +283,24 @@\n r time?%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EDollar Co\n@@ -466,36 +466,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3Ehttps://w\n@@ -572,28 +572,16 @@\n asp%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EFor t\n@@ -690,27 +690,60 @@\n CA. \n- My uncl\n+The inspiration for doing this was my uncle. H\n e pr\n@@ -757,17 +757,19 @@\n me with \n-a\n+the\n PDF bel\n@@ -814,36 +814,168 @@\n ever. \n-%3C/p%3E%0A%3Cp%3E%3Cbr%3E\n+He has been extraordinarily successful investing using DCA for the past 40 years and frankly he should write a book about his experience. \n %3C/p%3E%0A%3Cp%3Ehttp\n@@ -1019,25 +1019,9 @@\n %0A%3Cp%3E\n-%3Cbr%3E%3C/p%3E%0A%3Cp%3EAnd a\n+A\n ddit\n@@ -1034,16 +1034,17 @@\n resource\n+s\n for DCA\n@@ -1144,28 +1144,16 @@\n ios%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EAltho\n@@ -1338,36 +1338,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EWhat is B\n@@ -1598,32 +1598,110 @@\n TC is valuable. \n+ I wanted to learn as much as I could before investing in this new asset.\n %3C/p%3E%0A%3Cp%3EFo\n@@ -1706,16 +1706,17 @@\n For most\n+,\n the fir\n@@ -1877,76 +1877,89 @@\n for \n-this invention was the blockchain which was invented in 1976 by IBM,\n+BTC is the blockchain. It was IBM who can take credit for the cryptography:\n htt\n@@ -2165,20 +2165,32 @@\n lization\n- tha\n+. This fac\n t made t\n@@ -2190,17 +2190,17 @@\n made th\n-e\n+o\n se prior\n@@ -2204,18 +2204,32 @@\n ior \n-inventions\n+attempts at digital cash\n vul\n@@ -2441,24 +2441,158 @@\n so valuable.\n+ How someone could disappear without a trace in this day and age is worthy of recognition alone and adds to the mystique of BTC.\n %3C/p%3E%0A\n@@ -3054,16 +3054,35 @@\n ash rate\n+ (security feature)\n increas\n@@ -3456,18 +3456,16 @@\n ger nano\n- S\n . \n@@ -4712,36 +4712,8 @@\n eek \n-is a simple plan to execute \n with\n@@ -4754,33 +4754,91 @@\n oin and \n-a hardware wallet\n+transferring your BTC to a hardware wallet is an easy thing to do each week\n . \n@@ -4910,16 +4910,29 @@\n ity and \n+allow you to \n capture \n@@ -5014,24 +5014,87 @@\n acquire BTC\n+ while still maintaining a balance to enjoy the gains over time\n . %3C/p%3E\n@@ -5428,24 +5428,132 @@\n 25,000 BTC. \n+ Check out the website below to see how you might have done by investing in this over the past 9 years.\n %3C/p%3E%0A%3C\n@@ -6424,23 +6424,8 @@\n ant \n-at a minimum 1 \n BTC,\n@@ -6525,16 +6525,194 @@\n at work.\n+ If all of the millionaires in the world decided today that they wanted 1 BTC, it would not be possible and thus the price would have to be well over 1 million USD per BTC.\n &\n@@ -7041,13 +7041,12 @@\n on, \n-since\n+from\n the\n@@ -7311,120 +7311,98 @@\n you \n-know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. \n+have a long way to go before you have a solid understanding of the underlying technology. \n &nbs\n@@ -8139,28 +8139,16 @@\n p38%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EIf yo\n@@ -8295,28 +8295,16 @@\n sp;%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EThis \n",
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}hackerzizonupvoted (10.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/25 04:48:27
hackerzizonupvoted (10.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/25 04:48:27
| author | ironeagle |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/25 04:46:09
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/25 04:46:09
| author | ironeagle |
| body | @@ -1257,31 +1257,9 @@ %0A%3Cp%3E -My first question was w +W hat @@ -1387,29 +1387,32 @@ sp;I -mmediately I + came to the realiz -ed +ation tha @@ -1490,114 +1490,84 @@ wers -, opinions, or references to what or why BTC is valuable. %3C/p%3E%0A%3Cp%3E%3Cbr%3E%3C/p%3E%0A%3Cp%3EMy research lead me to + as to why BTC is valuable. %3C/p%3E%0A%3Cp%3EFor most the first step is to read the @@ -1628,36 +1628,24 @@ ; %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EAlthough @@ -1771,17 +1771,16 @@ by IBM, -( https:// @@ -1832,17 +1832,16 @@ 4316055A -) . @@ -1841,36 +1841,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EWhile the @@ -2052,28 +2052,16 @@ sp;%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3ERemar @@ -2250,28 +2250,34 @@ %3C/p%3E%0A%3Cp%3E -%3Cbr%3E%3C/p%3E%0A%3Cp%3E +In my estimation, BTC is t @@ -2336,25 +2336,38 @@ gile. -I +Furthermore, i t is a monet @@ -2825,36 +2825,24 @@ amp;t=a%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EAn often @@ -2989,52 +2989,56 @@ bsp; -In my opinion the only way to do this safely +One way in which to secure your BTC private keys is @@ -3100,34 +3100,127 @@ o S. + -%3C/p%3E%0A%3Cp%3E%3Cbr%3E%3C/p%3E%0A%3Cp%3E +With some practice using a hardware wallet is as easy as using a smartphone. %3C/p%3E%0A%3Cp%3ECheck out the Trezor http @@ -3238,36 +3238,34 @@ ezor.io/ -%3C/p%3E%0A%3Cp%3E%3Cbr%3E%3C/p%3E%0A%3Cp%3E + or ledger device https:// @@ -3308,36 +3308,24 @@ -nano-s%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EWhile man @@ -3431,24 +3431,16 @@ at -%3C/p%3E%0A%3Cp%3E this was @@ -3468,16 +3468,29 @@ ion for +the world of finance. @@ -3497,36 +3497,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EA review @@ -3646,16 +3646,19 @@ ral bank +ing practic @@ -3713,28 +3713,16 @@ le.%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EPerha @@ -3860,21 +3860,23 @@ %0A%3Cp%3E -%3Cbr%3E%3C/p%3E%0A%3Cp%3EG +In any event, g iven @@ -3911,17 +3911,17 @@ us far, -I +i t was a @@ -3973,23 +3973,96 @@ out DCA -for BTC +when investing in BTC rather than buying an entire BTC or more in my first round . %3C @@ -4069,30 +4069,17 @@ /p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EThis -wa +i s an @@ -4179,30 +4179,16 @@ . -In any event, I began @@ -4205,32 +4205,93 @@ C in May of 2017 + and will continue to purchase BTC for the foreseeable future . %3C/p%3E%0A%3Cp%3E @@ -4623,36 +4623,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EWhat is t @@ -4685,28 +4685,16 @@ sp;%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EHad I @@ -4972,36 +4972,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3Ehttps://f @@ -5082,36 +5082,24 @@ ar=2010%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EWhile pas @@ -5305,22 +5305,16 @@ on BTC. - However, @@ -5314,22 +5314,16 @@ owever, - over 4 m @@ -5706,36 +5706,24 @@ %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EAs other @@ -5979,36 +5979,24 @@ ; %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EFor all o @@ -6223,28 +6223,16 @@ sp;%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EOnly @@ -6277,36 +6277,24 @@ s plan.%3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3EIn conclu @@ -6938,36 +6938,24 @@ . %3C/p%3E%0A -%3Cp%3E%3Cbr%3E%3C/p%3E%0A %3Cp%3ETo gain a @@ -7068,29 +7068,17 @@ n Ammous -.%3C/p%3E%0A%3Cp%3E%3Cbr%3E +: %3C/p%3E%0A%3Cp%3E @@ -7943,121 +7943,8 @@ bsp; -It is my opinion also that speculative assets should not make up more than 5%25 of ones total investment portfolio. + %3C/p%3E |
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| parent author | |
| parent permlink | bitcoin |
| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | BTC DCA: Bitcoin Dollar Cost Averaging |
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"body": "@@ -1257,31 +1257,9 @@\n %0A%3Cp%3E\n-My first question was w\n+W\n hat \n@@ -1387,29 +1387,32 @@\n sp;I\n-mmediately I\n+ came to the\n realiz\n-ed\n+ation\n tha\n@@ -1490,114 +1490,84 @@\n wers\n-, opinions, or references to what or why BTC is valuable. %3C/p%3E%0A%3Cp%3E%3Cbr%3E%3C/p%3E%0A%3Cp%3EMy research lead me to\n+ as to why BTC is valuable. %3C/p%3E%0A%3Cp%3EFor most the first step is to read\n the\n@@ -1628,36 +1628,24 @@\n ; %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EAlthough \n@@ -1771,17 +1771,16 @@\n by IBM, \n-(\n https://\n@@ -1832,17 +1832,16 @@\n 4316055A\n-)\n . \n@@ -1841,36 +1841,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EWhile the\n@@ -2052,28 +2052,16 @@\n sp;%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3ERemar\n@@ -2250,28 +2250,34 @@\n %3C/p%3E%0A%3Cp%3E\n-%3Cbr%3E%3C/p%3E%0A%3Cp%3E\n+In my estimation, \n BTC is t\n@@ -2336,25 +2336,38 @@\n gile. \n-I\n+Furthermore, i\n t is a monet\n@@ -2825,36 +2825,24 @@\n amp;t=a%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EAn often \n@@ -2989,52 +2989,56 @@\n bsp;\n-In my opinion the only way to do this safely\n+One way in which to secure your BTC private keys\n is \n@@ -3100,34 +3100,127 @@\n o S.\n+ \n \n-%3C/p%3E%0A%3Cp%3E%3Cbr%3E%3C/p%3E%0A%3Cp%3E\n+With some practice using a hardware wallet is as easy as using a smartphone. %3C/p%3E%0A%3Cp%3ECheck out the Trezor \n http\n@@ -3238,36 +3238,34 @@\n ezor.io/\n-%3C/p%3E%0A%3Cp%3E%3Cbr%3E%3C/p%3E%0A%3Cp%3E\n+ or ledger device \n https://\n@@ -3308,36 +3308,24 @@\n -nano-s%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EWhile man\n@@ -3431,24 +3431,16 @@\n at \n-%3C/p%3E%0A%3Cp%3E\n this was\n@@ -3468,16 +3468,29 @@\n ion for \n+the world of \n finance.\n@@ -3497,36 +3497,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EA review \n@@ -3646,16 +3646,19 @@\n ral bank\n+ing\n practic\n@@ -3713,28 +3713,16 @@\n le.%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EPerha\n@@ -3860,21 +3860,23 @@\n %0A%3Cp%3E\n-%3Cbr%3E%3C/p%3E%0A%3Cp%3EG\n+In any event, g\n iven\n@@ -3911,17 +3911,17 @@\n us far, \n-I\n+i\n t was a \n@@ -3973,23 +3973,96 @@\n out DCA \n-for BTC\n+when investing in BTC rather than buying an entire BTC or more in my first round\n . %3C\n@@ -4069,30 +4069,17 @@\n /p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EThis \n-wa\n+i\n s an\n@@ -4179,30 +4179,16 @@\n . \n-In any event, \n I began \n@@ -4205,32 +4205,93 @@\n C in May of 2017\n+ and will continue to purchase BTC for the foreseeable future\n . %3C/p%3E%0A%3Cp%3E\n@@ -4623,36 +4623,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EWhat is t\n@@ -4685,28 +4685,16 @@\n sp;%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EHad I\n@@ -4972,36 +4972,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3Ehttps://f\n@@ -5082,36 +5082,24 @@\n ar=2010%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EWhile pas\n@@ -5305,22 +5305,16 @@\n on BTC. \n- \n However,\n@@ -5314,22 +5314,16 @@\n owever, \n- \n over 4 m\n@@ -5706,36 +5706,24 @@\n %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EAs other \n@@ -5979,36 +5979,24 @@\n ; %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EFor all o\n@@ -6223,28 +6223,16 @@\n sp;%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EOnly \n@@ -6277,36 +6277,24 @@\n s plan.%3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3EIn conclu\n@@ -6938,36 +6938,24 @@\n . %3C/p%3E%0A\n-%3Cp%3E%3Cbr%3E%3C/p%3E%0A\n %3Cp%3ETo gain a\n@@ -7068,29 +7068,17 @@\n n Ammous\n-.%3C/p%3E%0A%3Cp%3E%3Cbr%3E\n+:\n %3C/p%3E%0A%3Cp%3E\n@@ -7943,121 +7943,8 @@\n bsp;\n-It is my opinion also that speculative assets should not make up more than 5%25 of ones total investment portfolio.\n \n+\n %3C/p%3E\n",
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}ubgupvoted (1.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging2018/06/25 04:06:03
ubgupvoted (1.00%) @ironeagle / btc-dca-bitcoin-dollar-cost-averaging
2018/06/25 04:06:03
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}ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging2018/06/25 04:05:00
ironeaglepublished a new post: btc-dca-bitcoin-dollar-cost-averaging
2018/06/25 04:05:00
| author | ironeagle |
| body | <html> <p>6/23/2018</p> <p><br></p> <p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p> <p><br></p> <p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p> <p><br></p> <p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p> <p><br></p> <p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. My uncle provided me with a PDF below which I can say changed my life forever. </p> <p><br></p> <p>https://www.etf.com/docs/IfYouCan.pdf</p> <p><br></p> <p>And additional resource for DCA and the "lazy porfolio" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios</p> <p><br></p> <p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p> <p><br></p> <p>My first question was what is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. Immediately I realized that if you ask 100 people about BTC, you will get 100 different answers, opinions, or references to what or why BTC is valuable. </p> <p><br></p> <p>My research lead me to the BTC whitepaper https://bitcoin.org/bitcoin.pdf. </p> <p><br></p> <p>Although Satoshi Nakamoto invented BTC in 2009, the foundation for this invention was the blockchain which was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A). </p> <p><br></p> <p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior inventions vulnerable to regulators. </p> <p><br></p> <p>Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p> <p><br></p> <p>BTC is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p> <p><br></p> <p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. In my opinion the only way to do this safely is to use a hardware wallet such as a Trezor or ledger nano S. </p> <p><br></p> <p>https://shop.trezor.io/</p> <p><br></p> <p>https://www.ledgerwallet.com/products/ledger-nano-s</p> <p><br></p> <p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that </p> <p>this was a significant invention for finance. </p> <p><br></p> <p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable.</p> <p><br></p> <p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p> <p>http://towardsliberty.com/</p> <p><br></p> <p>Given my investment experience thus far, It was a relatively easy transition for me to think about DCA for BTC. </p> <p><br></p> <p>This was an especially attractive way to approach investing in BTC given its extreme volatility in price. In any event, I began DCA for BTC in May of 2017. </p> <p><br></p> <p><em><strong>Buying $100 USD of BTC each week is a simple plan to execute with the cash app https://cash.me/bitcoin and a hardware wallet. </strong></em></p> <p><br></p> <p>DCA will smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire BTC. </p> <p><br></p> <p>What is the potential upside of DCA for BTC? </p> <p><br></p> <p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. </p> <p><br></p> <p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p> <p><br></p> <p>While past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have purchased more than an entire 1 BTC. Moreover, those people have no intention to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . </p> <p><br></p> <p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want at a minimum 1 BTC, the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. </p> <p><br></p> <p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p> <p><br></p> <p>Only time will determine the outcome of this plan.</p> <p><br></p> <p>In conclusion, since the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. The more you learn about BTC, the more you realize you know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that the central banks create. </p> <p><br></p> <p>To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous.</p> <p><br></p> <p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p> <p><br></p> <p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p> <p><br></p> <p>This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.</p> <p><br></p> <p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p> </html> |
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| permlink | btc-dca-bitcoin-dollar-cost-averaging |
| title | BTC DCA: Bitcoin Dollar Cost Averaging |
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"body": "<html>\n<p>6/23/2018</p>\n<p><br></p>\n<p>Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?</p>\n<p><br></p>\n<p>Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. </p>\n<p><br></p>\n<p>https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp</p>\n<p><br></p>\n<p>For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. My uncle provided me with a PDF below which I can say changed my life forever. </p>\n<p><br></p>\n<p>https://www.etf.com/docs/IfYouCan.pdf</p>\n<p><br></p>\n<p>And additional resource for DCA and the \"lazy porfolio\" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios</p>\n<p><br></p>\n<p>Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. </p>\n<p><br></p>\n<p>My first question was what is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. Immediately I realized that if you ask 100 people about BTC, you will get 100 different answers, opinions, or references to what or why BTC is valuable. </p>\n<p><br></p>\n<p>My research lead me to the BTC whitepaper https://bitcoin.org/bitcoin.pdf. </p>\n<p><br></p>\n<p>Although Satoshi Nakamoto invented BTC in 2009, the foundation for this invention was the blockchain which was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A). </p>\n<p><br></p>\n<p>While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior inventions vulnerable to regulators. </p>\n<p><br></p>\n<p>Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. </p>\n<p><br></p>\n<p>BTC is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a</p>\n<p><br></p>\n<p>An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. In my opinion the only way to do this safely is to use a hardware wallet such as a Trezor or ledger nano S. </p>\n<p><br></p>\n<p>https://shop.trezor.io/</p>\n<p><br></p>\n<p>https://www.ledgerwallet.com/products/ledger-nano-s</p>\n<p><br></p>\n<p>While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that </p>\n<p>this was a significant invention for finance. </p>\n<p><br></p>\n<p>A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable.</p>\n<p><br></p>\n<p>Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?</p>\n<p>http://towardsliberty.com/</p>\n<p><br></p>\n<p>Given my investment experience thus far, It was a relatively easy transition for me to think about DCA for BTC. </p>\n<p><br></p>\n<p>This was an especially attractive way to approach investing in BTC given its extreme volatility in price. In any event, I began DCA for BTC in May of 2017. </p>\n<p><br></p>\n<p><em><strong>Buying $100 USD of BTC each week is a simple plan to execute with the cash app https://cash.me/bitcoin and a hardware wallet. </strong></em></p>\n<p><br></p>\n<p>DCA will smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire BTC. </p>\n<p><br></p>\n<p>What is the potential upside of DCA for BTC? </p>\n<p><br></p>\n<p>Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. </p>\n<p><br></p>\n<p>https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010</p>\n<p><br></p>\n<p>While past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide. Satoshi programmed BTC so that there can only be 21 million BTC. However, over 4 million BTC have been lost, destroyed, or the private keys are missing, leaving only approximately 17 million BTC that will be ever be available in the future. In addition, many millionaires have purchased more than an entire 1 BTC. Moreover, those people have no intention to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . </p>\n<p><br></p>\n<p>As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want at a minimum 1 BTC, the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. </p>\n<p><br></p>\n<p>For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. </p>\n<p><br></p>\n<p>Only time will determine the outcome of this plan.</p>\n<p><br></p>\n<p>In conclusion, since the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I ever would have otherwise. The more you learn about BTC, the more you realize you know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull ever harder with each economic crisis that the central banks create. </p>\n<p><br></p>\n<p>To gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous.</p>\n<p><br></p>\n<p>https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38</p>\n<p><br></p>\n<p>If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA </p>\n<p><br></p>\n<p>This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.</p>\n<p><br></p>\n<p>https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png</p>\n</html>",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/25 04:01:09
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/25 04:01:09
| author | ironeagle |
| body | @@ -4518,30 +4518,19 @@ million -Bitcoins ( BTC -) . Howev @@ -4553,22 +4553,11 @@ ion -Bitcoins ( BTC -) hav @@ -4626,16 +4626,30 @@ ng only +approximately 17 milli @@ -4651,29 +4651,19 @@ million -Bitcoin ( BTC -) that wi @@ -4762,27 +4762,48 @@ han -1 Bitcoin (BTC) and +an entire 1 BTC. Moreover, those people hav @@ -4905,16 +4905,18 @@ m/#1 . +%0A%0A As other @@ -5049,29 +5049,19 @@ nimum 1 -Bitcoin ( BTC -) , the pr @@ -5397,21 +5397,8 @@ ime -and patience will @@ -5628,17 +5628,16 @@ than I -n ever wou @@ -5648,12 +5648,8 @@ ave -had othe @@ -5987,17 +5987,17 @@ pull eve -n +r harder @@ -7021,18 +7021,8 @@ lio. -!%5BBTC.png%5D + %0A%0Aht |
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| parent author | |
| parent permlink | bitcoin |
| permlink | bitcoin-btc-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging (BTCDCA) |
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"author": "ironeagle",
"body": "@@ -4518,30 +4518,19 @@\n million \n-Bitcoins (\n BTC\n-)\n . Howev\n@@ -4553,22 +4553,11 @@\n ion \n-Bitcoins (\n BTC\n-)\n hav\n@@ -4626,16 +4626,30 @@\n ng only \n+approximately \n 17 milli\n@@ -4651,29 +4651,19 @@\n million \n-Bitcoin (\n BTC\n-)\n that wi\n@@ -4762,27 +4762,48 @@\n han \n-1 Bitcoin (BTC) and\n+an entire 1 BTC. Moreover, those people\n hav\n@@ -4905,16 +4905,18 @@\n m/#1 . \n+%0A%0A\n As other\n@@ -5049,29 +5049,19 @@\n nimum 1 \n-Bitcoin (\n BTC\n-)\n , the pr\n@@ -5397,21 +5397,8 @@\n ime \n-and patience \n will\n@@ -5628,17 +5628,16 @@\n than I \n-n\n ever wou\n@@ -5648,12 +5648,8 @@\n ave \n-had \n othe\n@@ -5987,17 +5987,17 @@\n pull eve\n-n\n+r\n harder \n@@ -7021,18 +7021,8 @@\n lio.\n-!%5BBTC.png%5D\n \n+\n %0A%0Aht\n",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/25 03:52:15
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/25 03:52:15
| author | ironeagle |
| body | 6/23/2018 Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time? Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. My uncle provided me with a PDF below which I can say changed my life forever. https://www.etf.com/docs/IfYouCan.pdf And additional resource for DCA and the "lazy porfolio" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. My first question was what is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. Immediately I realized that if you ask 100 people about BTC, you will get 100 different answers, opinions, or references to what or why BTC is valuable. My research lead me to the BTC whitepaper https://bitcoin.org/bitcoin.pdf. Although Satoshi Nakamoto invented BTC in 2009, the foundation for this invention was the blockchain which was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A). While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior inventions vulnerable to regulators. Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. BTC is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. In my opinion the only way to do this safely is to use a hardware wallet such as a Trezor or ledger nano S. https://shop.trezor.io/ https://www.ledgerwallet.com/products/ledger-nano-s While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for finance. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable. Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy? http://towardsliberty.com/ Given my investment experience thus far, It was a relatively easy transition for me to think about DCA for BTC. This was an especially attractive way to approach investing in BTC given its extreme volatility in price. In any event, I began DCA for BTC in May of 2017. Buying $100 USD of BTC each week is a simple plan to execute with the cash app https://cash.me/bitcoin and a hardware wallet. DCA will smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire BTC. What is the potential upside of DCA for BTC? Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010 While past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide. Satoshi programmed BTC so that there can only be 21 million Bitcoins (BTC). However, over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be ever be available in the future. In addition, many millionaires have purchased more than 1 Bitcoin (BTC) and have no intention to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. Only time and patience will determine the outcome of this plan. In conclusion, since the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I never would have had otherwise. The more you learn about BTC, the more you realize you know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banks create. To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous. https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38 If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png] https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png |
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"body": "6/23/2018\n\nWould you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?\n\nDollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. \n\nhttps://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp\n\nFor the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. My uncle provided me with a PDF below which I can say changed my life forever. \n\nhttps://www.etf.com/docs/IfYouCan.pdf\n\nAnd additional resource for DCA and the \"lazy porfolio\" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios\n\nAlthough, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. \n\nMy first question was what is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. Immediately I realized that if you ask 100 people about BTC, you will get 100 different answers, opinions, or references to what or why BTC is valuable. \n\nMy research lead me to the BTC whitepaper https://bitcoin.org/bitcoin.pdf. \n\n\nAlthough Satoshi Nakamoto invented BTC in 2009, the foundation for this invention was the blockchain which was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A). \n\nWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior inventions vulnerable to regulators. \n\nRemarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable. \n\nBTC is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n\nAn often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. In my opinion the only way to do this safely is to use a hardware wallet such as a Trezor or ledger nano S. \n\nhttps://shop.trezor.io/\n\nhttps://www.ledgerwallet.com/products/ledger-nano-s\n\nWhile many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that \nthis was a significant invention for finance. \n\nA review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable.\n\nPerhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?\nhttp://towardsliberty.com/\n\nGiven my investment experience thus far, It was a relatively easy transition for me to think about DCA for BTC. \n\nThis was an especially attractive way to approach investing in BTC given its extreme volatility in price. In any event, I began DCA for BTC in May of 2017. \n\nBuying $100 USD of BTC each week is a simple plan to execute with the cash app https://cash.me/bitcoin and a hardware wallet. \n\nDCA will smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire BTC. \n\nWhat is the potential upside of DCA for BTC? \n\nHad I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. \n\nhttps://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010\n\nWhile past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide. Satoshi programmed BTC so that there can only be 21 million Bitcoins (BTC). However, over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be ever be available in the future. In addition, many millionaires have purchased more than 1 Bitcoin (BTC) and have no intention to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. \n\nFor all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using a significantly smaller capital investment. \n\nOnly time and patience will determine the outcome of this plan.\n\nIn conclusion, since the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, and economics than I never would have had otherwise. The more you learn about BTC, the more you realize you know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banks create. \n\nTo gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous.\n\nhttps://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38\n\nIf you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA \n\nThis material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. 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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/25 03:49:54
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/25 03:49:54
| author | ironeagle |
| body | @@ -1,181 +1,4 @@ -!%5BScreen Shot 2018-06-24 at 10.49.35 AM.png%5D(https://cdn.steemitimages.com/DQmZkLCw1GSf4bPydqXekzNysCst8EoPUMQ3wDyWnAchtBh/Screen%2520Shot%25202018-06-24%2520at%252010.49.35%2520AM.png)%0A%0A 6/23 |
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}thetroublenotesupvoted (0.30%) @ironeagle / bitcoin-btc-dollar-cost-averaging2018/06/25 03:48:39
thetroublenotesupvoted (0.30%) @ironeagle / bitcoin-btc-dollar-cost-averaging
2018/06/25 03:48:39
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/25 03:47:33
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/25 03:47:33
| author | ironeagle |
| body | @@ -1626,77 +1626,104 @@ .pdf - %0A%0ANext, I wanted to understand %22blockchain%22. It turns out the first +. %0A%0A%0AAlthough Satoshi Nakamoto invented BTC in 2009, the foundation for this invention was the blo @@ -1730,16 +1730,22 @@ ckchain +which was inve @@ -1832,456 +1832,383 @@ 55A) -, however the first application of a blockchain as a currency was BTC. Satoshi Nakamoto invented Bitcoin (BTC) in 2009. . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC).%0A%0AWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators +. %0A%0AWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior inventions vulnerable to regulators. %0A%0ARemarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable . %0A @@ -3216,166 +3216,8 @@ %0A%0A -For the past 10 years I have been concerned both about inflation and the amount of world wide debt that is a result of fractional reserve banking practices. + A re @@ -3572,16 +3572,25 @@ perience - + thus far , It was @@ -3895,16 +3895,40 @@ ash app - +https://cash.me/bitcoin and a ha @@ -5524,14 +5524,22 @@ ng a -n even + significantly sma @@ -5565,360 +5565,75 @@ ment - than my traditional investment plan . - %0A%0A -There really is no excuse why someon +Only tim e -c an -not find $100 USD with which to invest each week in something. %0A%0AIf you would like to take the red pill and buy your first $100 of BTC, go to https://cash.me/bitcoin. I hav +d patience will determine th e -f ou -nd this app to be the finest way to purchase and transfer your BTC to your hardware wallet. +tcome of this plan. %0A%0AIn @@ -5805,46 +5805,21 @@ ce, + and economic -s, and enjoyed a self awarenes s th |
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| parent author | |
| parent permlink | bitcoin |
| permlink | bitcoin-btc-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging (BTCDCA) |
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"body": "@@ -1626,77 +1626,104 @@\n .pdf\n- %0A%0ANext, I wanted to understand %22blockchain%22. It turns out the first\n+. %0A%0A%0AAlthough Satoshi Nakamoto invented BTC in 2009, the foundation for this invention was the\n blo\n@@ -1730,16 +1730,22 @@\n ckchain \n+which \n was inve\n@@ -1832,456 +1832,383 @@\n 55A)\n-, however the first application of a blockchain as a currency was BTC. Satoshi Nakamoto invented Bitcoin (BTC) in 2009. . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC).%0A%0AWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators\n+. %0A%0AWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior inventions vulnerable to regulators. %0A%0ARemarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of BTC. This is yet another reason why BTC is so valuable\n . %0A\n@@ -3216,166 +3216,8 @@\n %0A%0A\n-For the past 10 years I have been concerned both about inflation and the amount of world wide debt that is a result of fractional reserve banking practices. \n \n+\n A re\n@@ -3572,16 +3572,25 @@\n perience\n-\n \n+ thus far\n , It was\n@@ -3895,16 +3895,40 @@\n ash app \n-\n \n+https://cash.me/bitcoin \n and a ha\n@@ -5524,14 +5524,22 @@\n ng a\n-n even\n+ significantly\n sma\n@@ -5565,360 +5565,75 @@\n ment\n- than my traditional investment plan\n . \n- \n %0A%0A\n-There really is no excuse why someon\n+Only tim\n e \n-c\n an\n-not find $100 USD with which to invest each week in something. %0A%0AIf you would like to take the red pill and buy your first $100 of BTC, go to https://cash.me/bitcoin. I hav\n+d patience will determine th\n e \n-f\n ou\n-nd this app to be the finest way to purchase and transfer your BTC to your hardware wallet. \n+tcome of this plan.\n %0A%0AIn\n@@ -5805,46 +5805,21 @@\n ce, \n+ and \n economic\n-s, and enjoyed a self awarenes\n s th\n",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/25 03:27:33
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/25 03:27:33
| author | ironeagle |
| body |  6/23/2018 Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time? Dollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp For the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. My uncle provided me with a PDF below which I can say changed my life forever. https://www.etf.com/docs/IfYouCan.pdf And additional resource for DCA and the "lazy porfolio" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios Although, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. My first question was what is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. Immediately I realized that if you ask 100 people about BTC, you will get 100 different answers, opinions, or references to what or why BTC is valuable. My research lead me to the BTC whitepaper https://bitcoin.org/bitcoin.pdf Next, I wanted to understand "blockchain". It turns out the first blockchain was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A), however the first application of a blockchain as a currency was BTC. Satoshi Nakamoto invented Bitcoin (BTC) in 2009. . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC). While there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators. BTC is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a An often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. In my opinion the only way to do this safely is to use a hardware wallet such as a Trezor or ledger nano S. https://shop.trezor.io/ https://www.ledgerwallet.com/products/ledger-nano-s While many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that this was a significant invention for finance. For the past 10 years I have been concerned both about inflation and the amount of world wide debt that is a result of fractional reserve banking practices. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable. Perhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy? http://towardsliberty.com/ Given my investment experience, It was a relatively easy transition for me to think about DCA for BTC. This was an especially attractive way to approach investing in BTC given its extreme volatility in price. In any event, I began DCA for BTC in May of 2017. Buying $100 USD of BTC each week is a simple plan to execute with the cash app and a hardware wallet. DCA will smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire BTC. What is the potential upside of DCA for BTC? Had I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. https://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010 While past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide. Satoshi programmed BTC so that there can only be 21 million Bitcoins (BTC). However, over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be ever be available in the future. In addition, many millionaires have purchased more than 1 Bitcoin (BTC) and have no intention to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. For all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using an even smaller capital investment than my traditional investment plan. There really is no excuse why someone cannot find $100 USD with which to invest each week in something. If you would like to take the red pill and buy your first $100 of BTC, go to https://cash.me/bitcoin. I have found this app to be the finest way to purchase and transfer your BTC to your hardware wallet. In conclusion, since the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, economics, and enjoyed a self awareness than I never would have had otherwise. The more you learn about BTC, the more you realize you know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banks create. To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous. https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38 If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png] https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png |
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| parent author | |
| parent permlink | bitcoin |
| permlink | bitcoin-btc-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging (BTCDCA) |
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"body": "\n\n6/23/2018\n\nWould you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?\n\nDollar Cost Averaging (DCA) is the discipline of buying a fixed dollar amount of a security or fund on a regular schedule regardless of share price or market direction. \n\nhttps://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp\n\nFor the past 10 years of my professional career, I have invested in 3 low expense ratio index funds using DCA. My uncle provided me with a PDF below which I can say changed my life forever. \n\nhttps://www.etf.com/docs/IfYouCan.pdf\n\nAnd additional resource for DCA and the \"lazy porfolio\" concept can be found at https://www.bogleheads.org/wiki/Lazy_portfolios\n\nAlthough, I have been pleased with my more traditional investment plan and will continue to DCA throughout the duration of my career, I was introduced to Bitcoin (BTC) in May of 2017. \n\nMy first question was what is BTC? After talking to multiple people and reading for hours, my entire idea of money was turned upside down. Immediately I realized that if you ask 100 people about BTC, you will get 100 different answers, opinions, or references to what or why BTC is valuable. \n\nMy research lead me to the BTC whitepaper https://bitcoin.org/bitcoin.pdf \n\nNext, I wanted to understand \"blockchain\". It turns out the first blockchain was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A), however the first application of a blockchain as a currency was BTC. Satoshi Nakamoto invented Bitcoin (BTC) in 2009. . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC).\n\nWhile there were many attempts at a digital cash, e-gold, or e-cash before BTC, all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators. \n\nBTC is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, BTC is censorship resistant, permissionless, borderless, portable, leaderless, and decentralized. It now has a 9 year track record and its hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n\nAn often overlooked feature of BTC, but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. In my opinion the only way to do this safely is to use a hardware wallet such as a Trezor or ledger nano S. \n\nhttps://shop.trezor.io/\n\nhttps://www.ledgerwallet.com/products/ledger-nano-s\n\nWhile many have argued endlessly regarding the reasons why Satoshi Nakamoto created BTC, it is undeniable that \nthis was a significant invention for finance. \n\nFor the past 10 years I have been concerned both about inflation and the amount of world wide debt that is a result of fractional reserve banking practices. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable.\n\nPerhaps Satoshi Nakamoto was inspired to create BTC in the spirit of Austrian economic philosophy?\nhttp://towardsliberty.com/\n\nGiven my investment experience, It was a relatively easy transition for me to think about DCA for BTC. \n\nThis was an especially attractive way to approach investing in BTC given its extreme volatility in price. In any event, I began DCA for BTC in May of 2017. \n\nBuying $100 USD of BTC each week is a simple plan to execute with the cash app and a hardware wallet. \n\nDCA will smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire BTC. \n\nWhat is the potential upside of DCA for BTC? \n\nHad I started investing $100 USD of BTC per week over the same time frame as my low cost index fund investments, I would now have over $150 million USD from only a $40,000 investment. This represents a 3000x ROI! More importantly I would also have over 25,000 BTC. \n\nhttps://for-bitcoin.com/calculator/?amount=100&freq=week&month=August&day=08&year=2010\n\nWhile past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide. Satoshi programmed BTC so that there can only be 21 million Bitcoins (BTC). However, over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be ever be available in the future. In addition, many millionaires have purchased more than 1 Bitcoin (BTC) and have no intention to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other sovereign individuals, cypherpunks, libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. \n\nFor all of the above reasons, it is my hypothesis that BTC offers an asymmetrical investment opportunity that is going to outperform my current traditional investment portfolio using an even smaller capital investment than my traditional investment plan. \n\nThere really is no excuse why someone cannot find $100 USD with which to invest each week in something. \n\nIf you would like to take the red pill and buy your first $100 of BTC, go to https://cash.me/bitcoin. I have found this app to be the finest way to purchase and transfer your BTC to your hardware wallet. \n\nIn conclusion, since the moment I first purchased my first fraction of BTC over a year ago, I have learned more about mathematics, computer science, programming, finance, economics, and enjoyed a self awareness than I never would have had otherwise. The more you learn about BTC, the more you realize you know nothing. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that BTC will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banks create. \n\nTo gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous.\n\nhttps://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38\n\nIf you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA \n\nThis material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png]\n\nhttps://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/24 16:09:18
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/24 16:09:18
| author | ironeagle |
| body |  6/23/2018 Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time? The simple strategy of consistently buying low expense ratio index funds with the same amount of money each month or Dollar Cost Averaging (DCA) regardless of whether the market is up or down is what is known as a "lazy portfolio strategy". You can read more about both with the links below. https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp https://www.bogleheads.org/wiki/Lazy_portfolios Although, I will continue to invest in my chosen index funds for the rest of my life, it is my opinion and hypothesis that Bitcoin (BTC) offers an asymmetrical investment opportunity that is going to outperform my current portfolio using an even smaller capital investment than my traditional investment plan. What is Bitcoin (BTC)? Ask 100 people and you will get 100 different answers. The first blockchain was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A), however the first application of a blockchain as a currency was when Satoshi Nakamoto invented Bitcoin (BTC) in 2009. https://bitcoin.org/bitcoin.pdf . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC). There were many attempts at a digital cash or e-cash before Bitcoin (BTC) but all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators. Bitcoin (BTC) is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, Bitcoin (BTC) is censorship resistant, permissionless, borderless, portable, and decentralized. It now has a 9 year track record and is never sick at sea as the hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a An often overlooked feature of Bitcoin (BTC), but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. Satoshi created Bitcoin (BTC) to be an antidote to both fractional reserve banking practices and the unsustainable debt that has caused financial chaos for the past 105 years since the Federal Reserve was created. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable. What if the Austrian economic thinkers had an option for individuals who wished to opt out of the nonsense that we have been indoctrinated with throughout our lives? Milton Friedman spoke of just such a tool in 1999 in the video featured here: https://www.youtube.com/watch?v=leqjwiQidlk The bottom line is that if you need digital cash then you need a blockchain. Bitcoin (BTC) is the only blockchain that works. All of the talk about blockchain without Bitcoin (BTC) is meaningless. To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous. https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38 Additionally, Bitcoin (BTC) is a Swiss bank you can carry in your pocket. Imagine the possibilities if people had a way to memorize a code that would allow them to flee a war, escape an oppressive government or tyrant, or simply allow them to disappear with their hard earned money ? The implications of this technology are far-reaching to say the least and are only limited by ones imagination. https://shop.trezor.io/ Bitcoin (BTC) is not for everyone, however the cyperpunk ethos resonates with many who wish to remain financially sovereign. While few would recommend going all in on Bitcoin (BTC), I believe there is an easy strategy to invest in Bitcoin (BTC) that has worked much like it has for my other investments. Buy $100 USD of Bitcoin (BTC) each week! As long as you can afford an investment of $4200 per year and accept that this money may go to zero due to events that are beyond anyones control. By Dollar Cost Averaging (DCA) you can smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire Bitcoin (BTC). What is the potential upside of Dollar Cost Averaging (DCA) Bitcoin (BTC)? Had I invested $100 into Bitcoin (BTC) per week over the same time frame as my low cost index fund investments, I would have over $120 million USD with only a $40,000 investment. This represents a 3000x ROI and would have been most likely the best investment in human history over the shortest time frame. https://for-bitcoin.com/calculator/?amount=100&freq=week&month=September&day=08&year=2010 While past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide, but there can only be 21 million Bitcoins (BTC). Over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be available in the future. In addition, many millionaires (myself included) have purchased more than 1 Bitcoin (BTC) and have no reason to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other self sovereign libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. If you would like to take the red pill and buy your first $100 of Bitcoin (BTC), go to https://cash.me/bitcoin Since discovering Bitcoin (BTC) over a year ago, I have learned more about mathematics, computer science, programming, finance, economics, and enjoyed a self awareness than I never would have had otherwise. The more you learn about Bitcoin (BTC), the more you realize there are no experts. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that it will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banking planners create. Even if you decide that Bitcoin (BTC) is not for you, please read the following PDF: https://www.etf.com/docs/IfYouCan.pdf If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png] https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png |
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| parent permlink | bitcoin |
| permlink | bitcoin-btc-dollar-cost-averaging |
| title | Bitcoin Dollar Cost Averaging (BTCDCA) |
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"body": "\n\n6/23/2018\n\nWould you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?\n\nThe simple strategy of consistently buying low expense ratio index funds with the same amount of money each month or Dollar Cost Averaging (DCA) regardless of whether the market is up or down is what is known as a \"lazy portfolio strategy\". You can read more about both with the links below. \n\nhttps://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp\n\nhttps://www.bogleheads.org/wiki/Lazy_portfolios\n\nAlthough, I will continue to invest in my chosen index funds for the rest of my life, it is my opinion and hypothesis that Bitcoin (BTC) offers an asymmetrical investment opportunity that is going to outperform my current portfolio using an even smaller capital investment than my traditional investment plan. \n\nWhat is Bitcoin (BTC)? Ask 100 people and you will get 100 different answers. \n\nThe first blockchain was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A), however the first application of a blockchain as a currency was when Satoshi Nakamoto invented Bitcoin (BTC) in 2009. https://bitcoin.org/bitcoin.pdf . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC).\n\nThere were many attempts at a digital cash or e-cash before Bitcoin (BTC) but all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators. \n\nBitcoin (BTC) is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, Bitcoin (BTC) is censorship resistant, permissionless, borderless, portable, and decentralized. It now has a 9 year track record and is never sick at sea as the hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n\nAn often overlooked feature of Bitcoin (BTC), but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys.\n\nSatoshi created Bitcoin (BTC) to be an antidote to both fractional reserve banking practices and the unsustainable debt that has caused financial chaos for the past 105 years since the Federal Reserve was created. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable.\n\nWhat if the Austrian economic thinkers had an option for individuals who wished to opt out of the nonsense that we have been indoctrinated with throughout our lives? \n\nMilton Friedman spoke of just such a tool in 1999 in the video featured here:\n\nhttps://www.youtube.com/watch?v=leqjwiQidlk\n\nThe bottom line is that if you need digital cash then you need a blockchain. Bitcoin (BTC) is the only blockchain that works. All of the talk about blockchain without Bitcoin (BTC) is meaningless. \n\nTo gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous.\n\nhttps://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38\n\nAdditionally, Bitcoin (BTC) is a Swiss bank you can carry in your pocket. \n\nImagine the possibilities if people had a way to memorize a code that would allow them to flee a war, escape an oppressive government or tyrant, or simply allow them to disappear with their hard earned money ? The implications of this technology are far-reaching to say the least and are only limited by ones imagination. \n\nhttps://shop.trezor.io/\n\nBitcoin (BTC) is not for everyone, however the cyperpunk ethos resonates with many who wish to remain financially sovereign. \n\nWhile few would recommend going all in on Bitcoin (BTC), I believe there is an easy strategy to invest in Bitcoin (BTC) that has worked much like it has for my other investments. \n\nBuy $100 USD of Bitcoin (BTC) each week! As long as you can afford an investment of $4200 per year and accept that this money may go to zero due to events that are beyond anyones control. \n\nBy Dollar Cost Averaging (DCA) you can smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire Bitcoin (BTC). \n\nWhat is the potential upside of Dollar Cost Averaging (DCA) Bitcoin (BTC)? \n\nHad I invested $100 into Bitcoin (BTC) per week over the same time frame as my low cost index fund investments, I would have over $120 million USD with only a $40,000 investment. This represents a 3000x ROI and would have been most likely the best investment in human history over the shortest time frame.\n\nhttps://for-bitcoin.com/calculator/?amount=100&freq=week&month=September&day=08&year=2010\n\nWhile past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide, but there can only be 21 million Bitcoins (BTC). Over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be available in the future. In addition, many millionaires (myself included) have purchased more than 1 Bitcoin (BTC) and have no reason to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other self sovereign libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. \n\nIf you would like to take the red pill and buy your first $100 of Bitcoin (BTC), go to https://cash.me/bitcoin\n\nSince discovering Bitcoin (BTC) over a year ago, I have learned more about mathematics, computer science, programming, finance, economics, and enjoyed a self awareness than I never would have had otherwise. The more you learn about Bitcoin (BTC), the more you realize there are no experts. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that it will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banking planners create. \n\nEven if you decide that Bitcoin (BTC) is not for you, please read the following PDF:\n\nhttps://www.etf.com/docs/IfYouCan.pdf\n\nIf you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA \n\nThis material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png]\n\nhttps://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/24 16:06:51
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/24 16:06:51
| author | ironeagle |
| body |  6/23/2018 Would you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time? The simple strategy of consistently buying low expense ratio index funds with the same amount of money each month or Dollar Cost Averaging (DCA) regardless of whether the market is up or down is what is known as a "lazy portfolio strategy". You can read more about both with the links below. https://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp https://www.bogleheads.org/wiki/Lazy_portfolios Although, I will continue to invest in my chosen index funds for the rest of my life, it is my opinion and hypothesis that Bitcoin (BTC) offers an asymmetrical investment opportunity that is going to outperform my current portfolio using an even smaller capital investment than my traditional investment plan. What is Bitcoin (BTC)? Ask 100 people and you will get 100 different answers. The first blockchain was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A), however the first application of a blockchain as a currency was when Satoshi Nakamoto invented Bitcoin (BTC) in 2009. https://bitcoin.org/bitcoin.pdf . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC). There were many attempts at a digital cash or e-cash before Bitcoin (BTC) but all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators. Bitcoin (BTC) is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, Bitcoin (BTC) is censorship resistant, permissionless, borderless, portable, and decentralized. It now has a 9 year track record and is never sick at sea as the hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a An often overlooked feature of Bitcoin (BTC), but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys. Satoshi created Bitcoin (BTC) to be an antidote to both fractional reserve banking practices and the unsustainable debt that has caused financial chaos for the past 105 years since the Federal Reserve was created. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable. What if the Austrian economic thinkers had an option for individuals who wished to opt out of the nonsense that we have been indoctrinated with throughout our lives? Milton Friedman spoke of just such a tool in 1999 in the video featured here: https://www.youtube.com/watch?v=leqjwiQidlk The bottom line is that if you need digital cash then you need a blockchain. Bitcoin (BTC) is the only blockchain that works. All of the talk about blockchain without Bitcoin (BTC) is meaningless. To gain a better understanding of Bitcoin (BTC), I would recommend reading "The Bitcoin Standard" by Saifedean Ammous. https://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38 Additionally, Bitcoin (BTC) is a Swiss bank you can carry in your pocket. Imagine the possibilities if people had a way to memorize a code that would allow them to flee a war, escape an oppressive government or tyrant, or simply allow them to disappear with their hard earned money ? The implications of this technology are far-reaching to say the least and are only limited by ones imagination. https://shop.trezor.io/ Bitcoin (BTC) is not for everyone, however the cyperpunk ethos resonates with many who wish to remain financially sovereign. While few would recommend going all in on Bitcoin (BTC), I believe there is an easy strategy to invest in Bitcoin (BTC) that has worked much like it has for my other investments. Buy $100 USD of Bitcoin (BTC) each week! As long as you can afford an investment of $4200 per year and accept that this money may go to zero due to events that are beyond anyones control. By Dollar Cost Averaging (DCA) you can smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire Bitcoin (BTC). What is the potential upside of Dollar Cost Averaging (DCA) Bitcoin (BTC)? Had I invested $100 into Bitcoin (BTC) per week over the same time frame as my low cost index fund investments, I would have over $120 million USD with only a $40,000 investment. This represents a 3000x ROI and would have been most likely the best investment in human history over the shortest time frame. https://for-bitcoin.com/calculator/?amount=100&freq=week&month=September&day=08&year=2010 While past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide, but there can only be 21 million Bitcoins (BTC). Over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be available in the future. In addition, many millionaires (myself included) have purchased more than 1 Bitcoin (BTC) and have no reason to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other self sovereign libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. If you would like to take the red pill and buy your first $100 of Bitcoin (BTC), go to https://cash.me/bitcoin Since discovering Bitcoin (BTC) over a year ago, I have learned more about mathematics, computer science, programming, finance, economics, and enjoyed a self awareness than I never would have had otherwise. The more you learn about Bitcoin (BTC), the more you realize there are no experts. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that it will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banking planners create. Even if you decide that Bitcoin (BTC) is not for you, please read the following PDF: https://www.etf.com/docs/IfYouCan.pdf If you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA This material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png] https://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png |
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| parent permlink | bitcoin |
| permlink | bitcoin-btc-dollar-cost-averaging |
| title | Bitcoin Dollar cost averaging (BTCDCA) |
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"body": "\n\n6/23/2018\n\nWould you believe me if I told you that there's an investment strategy that a 6 year old could understand, will take you 10 minutes of work per year, outperform 90% of finance professionals in the long run, and make you a multi millionaire over time?\n\nThe simple strategy of consistently buying low expense ratio index funds with the same amount of money each month or Dollar Cost Averaging (DCA) regardless of whether the market is up or down is what is known as a \"lazy portfolio strategy\". You can read more about both with the links below. \n\nhttps://www.investopedia.com/exam-guide/series-7/packaged-securities/dollar-cost-averaging.asp\n\nhttps://www.bogleheads.org/wiki/Lazy_portfolios\n\nAlthough, I will continue to invest in my chosen index funds for the rest of my life, it is my opinion and hypothesis that Bitcoin (BTC) offers an asymmetrical investment opportunity that is going to outperform my current portfolio using an even smaller capital investment than my traditional investment plan. \n\nWhat is Bitcoin (BTC)? Ask 100 people and you will get 100 different answers. \n\nThe first blockchain was invented in 1976 by IBM, (https://patents.google.com/patent/US4316055A/en?oq=US4316055A), however the first application of a blockchain as a currency was when Satoshi Nakamoto invented Bitcoin (BTC) in 2009. https://bitcoin.org/bitcoin.pdf . Remarkably Satoshi Nakamoto has disappeared and we will never know the true identity or whereabouts of the inventor of Bitcoin (BTC).\n\nThere were many attempts at a digital cash or e-cash before Bitcoin (BTC) but all failed due to the attack vector of centralization that made these prior attempts vulnerable to regulators. \n\nBitcoin (BTC) is the worlds first working digital cash that is antifragile. It is a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity, immutability, and fungibility. At the same time, Bitcoin (BTC) is censorship resistant, permissionless, borderless, portable, and decentralized. It now has a 9 year track record and is never sick at sea as the hash rate increases with each passing year. http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&t=a\n\nAn often overlooked feature of Bitcoin (BTC), but arguably its most important quality is that it cannot be confiscated as long as you hold the private keys.\n\nSatoshi created Bitcoin (BTC) to be an antidote to both fractional reserve banking practices and the unsustainable debt that has caused financial chaos for the past 105 years since the Federal Reserve was created. A review of the world debt clocks : http://www.usdebtclock.org/world-debt-clock.html leads one to the conclusion that the current central bank practices and Keynesian economic models are unsustainable.\n\nWhat if the Austrian economic thinkers had an option for individuals who wished to opt out of the nonsense that we have been indoctrinated with throughout our lives? \n\nMilton Friedman spoke of just such a tool in 1999 in the video featured here:\n\nhttps://www.youtube.com/watch?v=leqjwiQidlk\n\nThe bottom line is that if you need digital cash then you need a blockchain. Bitcoin (BTC) is the only blockchain that works. All of the talk about blockchain without Bitcoin (BTC) is meaningless. \n\nTo gain a better understanding of Bitcoin (BTC), I would recommend reading \"The Bitcoin Standard\" by Saifedean Ammous.\n\nhttps://www.amazon.com/s/?ie=UTF8&keywords=the+bitcoin+standard&tag=googhydr-20&index=aps&hvadid=241658794964&hvpos=1t1&hvnetw=g&hvrand=15836616637571782739&hvpone=&hvptwo=&hvqmt=e&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9022196&hvtargid=kwd-380765199490&ref=pd_sl_5qpegdfty3_e_p38\n\nAdditionally, Bitcoin (BTC) is a Swiss bank you can carry in your pocket. \n\nImagine the possibilities if people had a way to memorize a code that would allow them to flee a war, escape an oppressive government or tyrant, or simply allow them to disappear with their hard earned money ? The implications of this technology are far-reaching to say the least and are only limited by ones imagination. \n\nhttps://shop.trezor.io/\n\nBitcoin (BTC) is not for everyone, however the cyperpunk ethos resonates with many who wish to remain financially sovereign. \n\nWhile few would recommend going all in on Bitcoin (BTC), I believe there is an easy strategy to invest in Bitcoin (BTC) that has worked much like it has for my other investments. \n\nBuy $100 USD of Bitcoin (BTC) each week! As long as you can afford an investment of $4200 per year and accept that this money may go to zero due to events that are beyond anyones control. \n\nBy Dollar Cost Averaging (DCA) you can smooth out the volatility and capture all of the dips in the price relative to the fiat currency you are using to acquire Bitcoin (BTC). \n\nWhat is the potential upside of Dollar Cost Averaging (DCA) Bitcoin (BTC)? \n\nHad I invested $100 into Bitcoin (BTC) per week over the same time frame as my low cost index fund investments, I would have over $120 million USD with only a $40,000 investment. This represents a 3000x ROI and would have been most likely the best investment in human history over the shortest time frame.\n\nhttps://for-bitcoin.com/calculator/?amount=100&freq=week&month=September&day=08&year=2010\n\nWhile past performance is no guarantee of future returns, consider the fact that there are only approximately 31 million millionaires worldwide, but there can only be 21 million Bitcoins (BTC). Over 4 million Bitcoins (BTC) have been lost, destroyed, or the private keys are missing, leaving only 17 million Bitcoin (BTC) that will be available in the future. In addition, many millionaires (myself included) have purchased more than 1 Bitcoin (BTC) and have no reason to sell until well after the next halvening in 2020. http://www.thehalvening.com/#1 . As other self sovereign libertarians, investors, and high net worth individuals determine that they want at a minimum 1 Bitcoin (BTC), the price has nowhere to go but up. It is simple supply and demand Austrian economics at work. \n\nIf you would like to take the red pill and buy your first $100 of Bitcoin (BTC), go to https://cash.me/bitcoin\n\nSince discovering Bitcoin (BTC) over a year ago, I have learned more about mathematics, computer science, programming, finance, economics, and enjoyed a self awareness than I never would have had otherwise. The more you learn about Bitcoin (BTC), the more you realize there are no experts. Nobody can predict how far down the rabbit hole this will take the future of finance. My prediction is that it will continue to capture the imaginations of people all over the world with the energy of a black hole. The force of this black hole will pull even harder with each economic crisis that the central banking planners create. \n\nEven if you decide that Bitcoin (BTC) is not for you, please read the following PDF:\n\nhttps://www.etf.com/docs/IfYouCan.pdf\n\nIf you would like to learn more of if you have any questions please contact me via Twitter https://twitter.com/search?src=typd&q=%40BTCDCA \n\nThis material is not financial advice. This is my opinion only. I have no financial disclosures nor am I paid by any of the products listed above. Don't invest any amount of money that you cannot afford to lose. Bitcoin (BTC) has many potential failure mechanisms and is again a highly volatile asset. It is my opinion also that speculative assets should not make up more than 5% of ones total investment portfolio.![BTC.png]\n\nhttps://cdn.steemitimages.com/DQmbtkaxtesqsN3KY2nTm3JJ4zokWNxKmQ4Gugdwk4KLuAX/BTC.png",
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/24 16:04:27
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/24 16:04:27
| author | ironeagle |
| body | @@ -6417,68 +6417,8 @@ ago - using Dollar Cost averaging (DCA) as my investment strategy , I @@ -6513,16 +6513,28 @@ and -mindfull +enjoyed a self aware ness @@ -6541,16 +6541,17 @@ than I +n ever wou @@ -6558,16 +6558,20 @@ ld have +had otherwis |
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}ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging2018/06/24 15:58:54
ironeaglepublished a new post: bitcoin-btc-dollar-cost-averaging
2018/06/24 15:58:54
| author | ironeagle |
| body | @@ -7098,108 +7098,14 @@ ou, -I cannot emphasize how important it is to educate yourself on investing and would advise everyone to +please rea |
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}ironeagleupdated their account properties2018/06/24 15:56:00
ironeagleupdated their account properties
2018/06/24 15:56:00
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}ironeagleupdated their account properties2018/06/24 15:55:36
ironeagleupdated their account properties
2018/06/24 15:55:36
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"memo": "STM5SmU8HgEEBWu5WUSnVVG8bFcMRW3ixoS4SxTVyBBeS8nVknF9o"
}Witness Votes
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No active witness votes.
[]