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Predictable from the beginning. Sane setup: 1) Auto Direct deposit % of paycheck into something like Swan Bitcoin 2) Daily auto DCA using direct deposit bala
by djschnei 4y ago
Predictable from the beginning.
Sane setup:
1) Auto Direct deposit % of paycheck into something like Swan Bitcoin
2) Daily auto DCA using direct deposit balance
4) Weekly auto withdrawal to cold storage
Set it and forget it. Trust minimized. Sleep soundly.
Mashinsky is and always has been a huckster.
- this_user 4y agoOr just use real money rather than spending an extraordinary amount of time and effort on making sure that no one can steal to your crypto tokens. This is just the latest example for why crypto is not, and never will be, useful for anything other than speculation and crime.
- djschnei 4y agoThis setup took roughly 15 minutes to setup. Most of that time was spent in ADP.
- moistly 4y agoBut you have to nurse it for the rest of your life. That’s a lot more work than using a credit card or cash, or even cumbersome 1970s cheques. Or ApplePay, which is way more practical than anything else, including fund transfers and payments.
- edm0nd 4y agoThis is my first time hearing about Swan Bitcoin, really cool idea. Are there other services just like this that will auto send to a cold wallet address but also let you buy more than BTC? (like ETH for example)
- djschnei 4y agoI could totally be missing one, but they're the only one I've seen with this feature. Their website is dead simple also. Something my mom could setup. Can't recommend them enough. Funny enough I discovered them because their founder/CEO was very loudly warning people about Celsius for like a year before it happened.