The Ultimate Bitcoin Buying Strategy | Hashpower Academy

Video Transcript:

hello there and welcome to another episode from the hash power Academy my name is Jake scanland I’m the lead educator here and this channel is to provide you with anything and everything you’d want to know about Bitcoin and The Wider digital asset space in the context of Bitcoin and it’s called the hash power Academy for a particular reason because compute power sits as that bridge between the world of energy and the world of finance of tomorrow and this topical video of today is related to the ultimate Bitcoin buying strategy and that is to say that the majority of people their experience with Bitcoin and digital Assets in general is to log in a platform and exchange their dollars or their you know bank transfer of you know stable coins all these sorts of things they exchang them into Bitcoin and pay a fee and kyc andl and all these other frictions and well that’s not the way that Satoshi Nakamoto the original creator of Bitcoin that’s not the way that he generated his Bitcoin or acquired it he produced it he exchanged electricity into compute power into Bitcoin and Bitcoin mining is something that a lot of people haven’t ever tried but this video is more an explanation as to the perspective of how you can acquire Bitcoin in a DCA method without any fees and it’s not actually the mining itself you can produce Bitcoin as a yield but it’s the electrical bill this is where it gets interesting so let me just roll you through an example a brand new Asic right now will earn you about $500 worth of bitcoin right $500 lovly jubly and you’ll probably have an electrical bill in a hosted mining setup of about $200 all right now you are confronted with a problem with two outcomes you either pay that electrical bill by selling some Bitcoin and the whole topic of this is about buying it so you don’t want to sell it the other option is you essentially set up a $200 a month DCA by paying the electrical bill with Fiat you are effectively keeping your $500 a Bitcoin instead of selling and keeping the 300 and so you are acquiring Bitcoin without fees because you’ve already mined it and the compliance health of the Bitcoin is really good because it’s not come from an exchange that all different Bitcoin from all different places has landed in your wallet no it’s Bitcoin that has been freshly mined whether you use the mining pool or maybe something like ocean mining uh where the block is split into all the different wallets well yeah you have a buying onramp a Fiat to bitcoin onramp through electricity instead of through an exchange so you’re living the same experience that Satoshi did before the dollar to Bitcoin exchange rate occurred and these sorts of things are only understood by those that take the effort to delve into the educational side of bitcoin’s wider underlying Network that is electricity into the hardware producing compute power making the Bitcoin blocks and adding them to the chain and producing Bitcoin as a yield now I’m not saying to delve into Bitcoin mining I’m saying learn about it because this is an example of a single computer that you could Prov you could get from a typical hosted mining setup but the interesting part here is yes you’re getting the three 00 a month of Bitcoin yield against the price of that machine but you’re also getting the 200 a month buying on ramp a DCA without fees and one of the most important things about investing is not so much the price that you sell it’s all about the price that you acquire because the majority of people have the plan of never selling their Bitcoin so the only ability they have to increase the efficiency of not putting $100 in and getting 9 $99 of Bitcoin out with a fee or a spread from an exchange is to acquire it in a method that supports the network secures the network and yeah you’re getting freshly mined Bitcoin so you could have it land straight in your Hardware wallet and you are interconnected with all the different aspects of Bitcoin if you want to learn more about Bitcoin mining and all the other bits of the network and how they all connect together I recommend you take a look at this channel how hash power Academy hash power being that compute commodity in the middle between electricity and Bitcoin and they represent the Three core Commodities of the network I hope you like this video please subscribe and I hope you come for the next one enjoy