Spend bitcoin and auto re-invest based on DCA/hash rate

stompix

legendary

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Blackjack.fun

I really don't get this two

Quote from: moonshot797 on September 26, 2019, 05:48:13 PM

I'm looking for a service where I can spend my bitcoin in the real world possibly instantly over lightning without me having to deposit my crypto on a centralized service

Quote from: moonshot797 on September 26, 2019, 05:48:13 PM

and at the same time as soon as I spend some bitcoin, I can trigger a re-investment strategy connected to my bank account.

You want to have your coins in your own wallet without a 3rd party service involved but at the same time, you want this other 3rd party to instantly purchase bitcoins for you when you make a payment...
How would they get this data unless you provide them with the info?
It's not like they are going to monitor some addresses on the blockchain.

Somewhere, if you wish to automate things you will have to give up either privacy or control and I wouldn't recommend either of them.

As suggested, Bittr is offering recurring purchases but they won't be able to know that at 2 am you spent 4 mbits and next day 70.

Quote from: moonshot797 on September 26, 2019, 05:48:13 PM

or buy btc everytime the hash rate drops.

I know it was just an example but it would a really bad choice since the start of the year we only had 4 hash rate drops and with the new gear coming online probably we won't be seeing to many of those.

hugeblack

legendary

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Do you mean a hybrid system? Combines cryptocurrencies and banking financial systems?
If you mean that, I think your options are few:

Quote from: https://finance.yahoo.com/news/bitcoin-bank-accounts-now-available-184131158.html

Berlin-based crypto banking startup Bitwala has announced the launch of their bitcoin banking app for iOS and Android.
The company said that all bank accounts will be hosted by solarisBank, a licensed German bank supervised by the Federal Financial Supervisory Authority (BaFin), and deposits up to €100,000 will be protected by the German deposit guarantee scheme.
Customer Bitcoin balances, according to the company’s chief financial officer Christoph Iwaniez, are “booked directly on the Blockchain via a multi-signature wallet,” allowing customers to be “fully in control of their wallets at all times.”

Source ----> https://finance.yahoo.com/news/bitcoin-bank-accounts-now-available-184131158.html

I didn't understand your idea correctly but what you're looking for requires passing through third-party "central platforms" that make exchange between fiat system and cryptos.

the hash rate is not considered economic advice and is not directly related to price, but rather a technical term rather than a guess of price direction.

lightningmelo

copper member

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You can look into Bittr or Amber app.

Both platforms allow you to setup a recurring bank transfer from your bank to the app, and they buy bitcoin for you automatically and send it to your keys.

Bittr works in Europe, Amber in Australia.

Slow death

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Leading Crypto Sports Betting & Casino Platform

Quote from: moonshot797 on September 26, 2019, 05:48:13 PM

I'm looking for a service where I can spend my bitcoin in the real world possibly instantly over lightning without me having to deposit my crypto on a centralized service and at the same time as soon as I spend some bitcoin, I can trigger a re-investment strategy connected to my bank account.

For example: If I spend 0.1 BTC (@10000 USD/BTC) and my bank account is connected to this service, it would automatically pull eg: 100 USD from my account and buy btc every week for 10 weeks or buy btc everytime the hash rate drops.

I think this could be quite valuable to increase adoption and encourage hodlers to begin spending and thereby drive merchant adoption.

What are your thoughts? Any recommendations?

The lack of laws is a major obstacle for people to spend their bitcoins in the real world and high volatility is also another major obstacle for people to spend their bitcoins in the real world. We do not have people in the bitcoin world who can influence politicians to pass laws that are beneficial to bitcoin. and because there are no clear bitcoin laws, most banks are afraid of dealing with bitcoin

marcotheminer

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┴puoʎǝq ʞool┴

I know that Coinbase allows "repeat buys", although they do not have a Bitcoin card that lets you "spend and replace". TenX may have that feature.

moonshot797

newbie

Activity: 5

Merit: 0

I'm looking for a service where I can spend my bitcoin in the real world possibly instantly over lightning without me having to deposit my crypto on a centralized service and at the same time as soon as I spend some bitcoin, I can trigger a re-investment strategy connected to my bank account.

For example: If I spend 0.1 BTC (@10000 USD/BTC) and my bank account is connected to this service, it would automatically pull eg: 100 USD from my account and buy btc every week for 10 weeks or buy btc everytime the hash rate drops.

I think this could be quite valuable to increase adoption and encourage hodlers to begin spending and thereby drive merchant adoption.

What are your thoughts? Any recommendations?

Topic: Spend bitcoin and auto re-invest based on DCA/hash rate (Read 155 times)