How to Dollar Cost Average Bitcoin

STEP #1

On your mobile device, open the web browser and navigate to www.coursenvy.com/strike  

By using our referral link above (which will automatically include our referral code "9OZTFR"), you will get a FREE $10 deposited in your Strike app!

Strike allows users to send and receive money anywhere, instantly, with no added fees. You can buy/sell/send/receive US dollars and Bitcoin with the Strike app!

Strike is built on top of the Bitcoin network – the largest global, interoperable, and open payments standard. Strike believes that open payment networks enable universal participation in the financial system, ushering in a new digital economy with truly borderless money transfers. Strike leverages Bitcoin’s open payment network to offer users the first global peer-to-peer payments app and a novel bitcoin-native payments experience.


STEP #2

Use the FREE $10 in your Strike app to purchase Bitcoin. Watch the video below to learn how to DCA or Dollar Cost Average into Bitcoin daily with the Strike app. Instead of buying a $5 coffee every day, I buy $5 worth of Bitcoin!

Learn why Bitcoin should be your first cryptocurrency purchase in this blog post: https://www.coursenvy.com/post/how-to-retire-early

TL;DR: Network effects are key. Amazon for example has a two-sided network effect (buyers and sellers). Bitcoin has a four-sided network effect. We have Bitcoin buyers. We have sellers of Bitcoin. We have Bitcoin miners. And then we have all the entrepreneurs building on top of the Bitcoin blockchain. So, if you’re gonna try and disrupt this network, you have to introduce a superior value proposition that Bitcoin can somehow not absorb. Remember, Bitcoin is open-source software and it can absorb features that are useful. So you’d have to convince this entire global network (each of the four sides), to move simultaneously. And did I mention Bitcoin has a trillion-dollar market cap! Typically when networks get above $100 billion, they become dominant. Once Amazon got to $100 billion market cap, it became the dominant monopoly for shopping online! We are well past that with Bitcoin. Plus with a supply of only 21,000,000 total Bitcoins EVER, the supply/demand MATH alone gets us to $10,000,000+ per Bitcoin by the 2030s! This is NOT FINANCIAL ADVICE, but I suggest buying a fraction of a Bitcoin TODAY... even just 0.1 BTC could be worth $1,000,000 someday!



Crypto FAQ

1) I can't afford a Bitcoin. What do I do?

--You DO NOT have to buy a whole Bitcoin... you can buy as little as 0.00000001 BTC! 


2) My significant other is a crypto hater and doesn't want me to buy any! How do I convince them?

--Well first share the TL;DR under "STEP #2" above with them. Next, I like to describe the real-world uses that crypto fixes!

-EXAMPLE #1: When I pay a vendor for a purchase order (PO), I have to pay a bank wire transfer fee of ~$50 and wait nearly a week for the money to be sent. With crypto, we solve this banking middleman problem! Crypto acts as a software for peer-to-peer banking (what is also called decentralized finance). I can deposit my USD from my debit card or bank account into a crypto exchange, then purchase a USD-backed stablecoin like USDC, then send that USDC instantly (for less than $1) to my recipient's digital wallet address!

-EXAMPLE #2: Mexico spends ~$52 billion annually on remittance fees (such as Western Union). Think about that... sending/receiving money back and forth between families costs Mexico ~4% of their GDP! Individuals will save hundreds of dollars per month once they switch to crypto-based money transfers!

-EXAMPLE #3: I pay some bills with paper checks that take weeks to "clear". Crypto-based transactions solve this problem and make money movement instantaneous! Once people start to adopt this decentralized finance technology, the market cap (amount of money owning XYZ cryptocurrency) will grow drastically, therefore increasing the price of cryptocurrency!

Complete and Continue