Bitcoin’s Falls are Your Wins. How to Put Theory into Practice

I promised last week I’d show you what I consider to be the easiest way to regularly buy Bitcoin. The reason was to put into practice the ‘TradFi’ trick of DCA (dollar cost averaging) into Bitcoin.

Why would you do something like DCA?

Well, the last 24 hours have proven exactly why.

Bitcoin’s price as I write to you today is swinging between $91,000 and $92,000.

This time 24 hours ago it was closer to $97,000.

This time a week ago it was around $96,000.

This time a month ago it was $105,000

This time six months ago it was around $60,000.

It’s volatile. And there’s really no point trying to time the market. Sure, you could have put in money in August 2024. But it’s price in June had been $70,000, it would go on towards $50,000 by early September so I’m sure plenty of people wanted to wait it out, see if it would head lower.

It didn’t.

But if you’d had a DCA plan in place, you could have snaffled up some cheaper Bitcoin then. Of course, you’d have also bought the $108,000 top (or close to it) but then you’d also be getting some cheaper now at $91,000.

Point being, DCA helps to smooth out the volatility over time. And I for one think it’s the best way to long term invest in Bitcoin.

But how do you regularly buy Bitcoin, easily?

Strike: The Easiest Way to DCA into Bitcoin

Strike is a mobile payment app developed by Zap Solutions, founded by Jack Mallers.

It enables, fast, low-cost Bitcoin transactions. It allows users to buy, sell, send, and receive Bitcoin globally, with minimal fees.[1] It’s available in over 95 countries,[2] and offers secure custody with options to withdraw to personal wallets. It’s designed for both individual and business use, focusing on simplicity.

But for our purposes, it makes it easy to DCA into Bitcoin. And for me, it’s the best app I’ve ever used to get it set up and working for me.

Here’s a step-by-step to show you just how easy.

Step 1: Download the app and sign up for an account

That’s what you’ll see when you download the app. Just hit “Sign up” and follow the intuitive steps.

You’ll be asked is it a personal or business account. For this step-by-step I’ve got a personal account set up.

You’ll then need to give an email address. A confirmation code will be sent to that email you’ll need to use.

Then you’ll create a username.

It’ll ask if you want to enable notifications (at least it does on an iPhone) to which I say, yes!

Then choose your country and state.

You’ll then need some photo ID to verify your identity. This is a professional business, and this is a requirement. If you can’t do this step, you can’t use the platform. Follow the steps for ID verification and you’ll be good to go.

When that’s done you can set up a pin for your app, and two-factor authentication (2FA). I always set up 2FA, for which you’ll need something like Google Authenticator or Authy to get the 2FA security codes.

When that’s all done, you’re good to go and you’ll see this as your home screen when you log in.

You’ll see a Bitcoin balance there and dollar value (I removed mine for privacy and security reasons).

As you scroll down, you’ll then see the following (I circled the important bit in red):

When you click the ‘Set a recurring purchase’ section you’re almost there!

That takes you to the screen where you set up your regular buy.

Here you get to choose the ‘Frequency’, the ‘Start Date’ and then the ‘Time’ you want to buy.

In this example I’ve set it to buy weekly starting Friday 28 February at 12pm.

When you click ‘Done’ you’ll head to the screen where you get to decide how much to buy. Here, I’ve decided to set it at $100 a week. But as you can see, I could go up to $9,900 per week if I wanted to.

Once you’ve chosen the amount, click ‘Next’ and then it’s time to confirm it all…

You will need to add a payment method/card to ensure your buys go through. And once that’s all done, as you see, there are some fees to start with but then with the reoccurring buy after the first week there are no fees.

Hit ‘Confirm’ and then…

That’s it, you’re done! The little animation shows Bitcoin ‘coins’ cascading down the screen and you’re good to go. Your regular DCA into Bitcoin is set up and that will automatically buy as per your schedule.

The schedule and amounts are up to you, depending on your available cash, your risk tolerances and if this is something you even want to do. But for me, it’s the easiest way to DCA into Bitcoin I’ve come across in a decade, and that’s saying something!

Trust in crypto,
Adam Atlantic

[1] https://strike.me/faq/what-is-strike/

[2] https://strike.me/faq/where-is-strike-available-wr/