bitcoin Savings Strategy – How to Buy bitcoin Automatically

Bitcoin is often referred to as a store-of-value, with many people around the world choosing to hold a portion of their wealth on its decentralized protocol. Just as you would deduct regular contributions from your paycheck to your 401(k)-retirement plan, so too can you opt to buy bitcoin at regular intervals to add to your long-term savings. It’s easier than ever to buy bitcoin with a bank account.

Why Use bitcoin for Savings?

Buying and holding bitcoin over a long time horizon ultimately comes down to having a low time preference. As a form of hard money, bitcoin is free of the irresponsible money policies overseen by the centralized issuers of fiat currencies. Instead of having its emission rate jeopardized by a handful of powerful people, bitcoin’s emission schedule stays on a predictable course, thanks in no small part to its unique difficulty adjustment feature.

While fiat currencies continue to inflate in supply and depreciate in purchasing power, bitcoin maintains a robust monetary policy governed by open source code, not third party intervention. Opting to save bitcoin for the long haul gives users a chance to safely carry the fruits of today’s labor into the uncertainties of the future, sidestepping the shenanigans of centralized currency issuers.

While traditional programs such as 401(k) retirement plans offer safe and regulated ways to save into the future, the mere fact that your money needs to be managed a second time after it’s been earned, simply in order to keep its value, says a lot about the inefficiencies of centralized currencies.

Ideally, savings are put aside for long periods of time, not to be touched or mixed with daily purchases. Bitcoin’s blockchain is a more than suitable vessel to carry such value through space and time.

What Is a DCA Strategy?

A solid dollar cost average strategy is a useful technique to accumulate an asset over longer time frames. Instead of investing a single lump sum, the target asset is purchased over multiple occurrences, with smaller predefined amounts. Dividing the funding into smaller amounts enables you to better manage your money by allocating recurring income into separate investments and expenses.

Given the divisibility of bitcoin, a DCA strategy is a perfectly suited technique that allows users from all backgrounds to stack sats at their own pace. A DCA strategy pacifies the volatility of bitcoin’s price discovery, removes the stress and emotion of timing the market, letting you focus on more pressing matters like protecting your privacy. Choose a responsible amount and purchase frequently, set it and forget it.

Own Your Future With Swan Bitcoin

Should bitcoin continue to rise in adoption and price, it cannot be expected that every single holder becomes a blockchain wizard. As of today, the price of bitcoin is .... Early adopters may have had the time or skills to keep up to date with the latest technology and market moves but that’s surely not the case for the vast majority of people. Sometimes a partner is necessary to help streamline your process and Swan Bitcoin is exactly that when it comes to managing your DCA purchases.

Swan is the perfect partner to help get you started on your Bitcoin journey. Forget the unwarranted hype and nonsense of the wider crypto market, the team at Swan Bitcoin is dedicated to educating and supporting their customers with Bitcoin-only content and low-fee DCA purchasing services. They have a simple user interface and even offer free withdrawals, encouraging users to move their bitcoin to their own personal bitcoin wallets. There are no leveraged yield products putting customer assets at risk, just a simplified, mature business model that helps you purchase bitcoin at ultra-low fees.

Users can benefit from flexible accumulation timeframes, including daily, weekly or monthly purchase schedules. If the market swings in your favor and you want to buy the dip, Swan also makes it possible to buy bitcoin with a bank account, offering instant purchases at the tap of a button. Swan serves clients with bankrolls of all sizes, from $10 to $10M.

Many notable Bitcoin thought leaders and companies have chosen Swan as their go-to platform. Bitcoin philosopher Robert Breedlove is a fan of their honest approach and explains his own reasoning in this short clip:

Consider the Implications of Your Investment

Unlike a 401(k) plan, the Bitcoin protocol is not optimized for tax savings. In fact, selling your bitcoin for a higher price than you paid for it may make you eligible for capital gains taxes.

You never know when you might need to dip into the piggy bank, so always keep a record of your purchases and respective entry prices. If you are unsure of the implications of your bitcoin savings strategy, consider talking to your local financial or tax advisor.

We’re excited to have you join us on this journey and we look forward to helping you understand the true appeal of Bitcoin and all the freedom it can bring with it. Our partners and resources include affiliate relationships with companies we trust and believe in, to ensure that you have the best experience possible. Thank you for choosing our website as your go-to resource for all things Bitcoin.