Buying Bitcoin Using Dollar Cost Averaging & Avoiding Dust UTXO - Self Custody Series - Feb 2024
In the February 2024 patron Q&A, Andreas answered questions related to DCA (dollar cost averaging) purchasing and avoiding dust (too small to move due to fees) transactions. The question made a great point - which was how to balance the competing mantras: (1) buy using DCA, which means buying small amounts each week regardless of price, (2) don't leave bitcoin on an exchange, and (3) don't reuse addresses.
In this video, Andreas discusses how to balance those mantras and suggests one possible solution. As always, your risk model and your needs will be your own - use this information as a guide for you to evaluate your risks, your needs, and your goals. Especially when it comes to Bitcoin
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