by Will Long | Mar 7, 2019 | Bitcoin, blog, News
Jack Dorsey, Twitter CEO stated on a recent podcast that he is maxing out the limits on the Square Cash App and purchasing $10,000 dollars of Bitcoin a week.
If the Twitter CEO wants to buy more Bitcoin, we suggest he turn to Coinbase. Buy and sell limits are much higher.
On Coinbase regular users can purchase $25,000 a week. Verified users can purchase $25,000 a day. But once the funds are in your Coinbase wallet, there are no buy or sell limits.
What Jack Dorsey, Twitter CEO is likely doing is simply a dollar cost average strategy. Dollar cost averaging (DCA) is an investment strategy where a large purchase of a financial asset like an equity or cryptocurrency is spread out over time with the goal of reducing the impact of volatility.
“In a surprising turn in the conversation, he explained that he purchased $10,000 worth of Bitcoin, which currently amounts to 2.7 BTC, over recent weeks, and could do the same again in the following. Doing some napkin math, this works out to around $520,000 in cryptocurrency purchases a year (considering he doesn’t go over that amount or purchase any other digital assets) — or about 0.0928% of his $5.6 billion net worth. Although this isn’t a relatively large amount percentage-wise, it shows that Dorsey is looking to accumulate for the long haul, as he dollar-cost averages in.”
Twitter CEO, Jack Dorsey Discusses Bitcoin On The Joe Rogan Podcast:
Are you ready for the next crypto bull run? Many investors are using strategies like dollar cost averaging to build a diversified portfolio in preparation for the next major price movement. Stay tuned to the Bitcoinshirtz blog for the latest news from the Bitcoin and blockchain industry. 👍
by Will Long | Oct 22, 2018 | Bitcoin, blog, Cryptocurrency, News, Video
The Changelly exchange is one of our favorite crypto exchanges, especially when you need to swap crypto assets fast.
In recent news, they have finally created an Android app for their platform! Many of the writers here at Bitcoin Shirtz use Android over IOS, so this is great news for us. The Changelly exchange is a go-to for us with almost all cryptocurrencies, with the exception of BitShares and STEEM, which in that case we use Blocktrades.us.
From Changelly’s Steemit Page:
Changelly team is happy to announce the launch of the mobile app for all the Android users. The first official version of Changelly mobile app is now launched on Google Play.
The leading instant swap service finally is in your pocket wherever you go. Changelly users no longer have to open the browser on their gadgets every time they want to instantly swap one crypto asset for another. The mobile app represents an adaptive instrument for all the fans of smartphone usability, and offers exactly the same options as the full web version of the service, namely:
- exchange one crypto for another in a few minutes via the Changelly
- mobile app;
- buy any of cryptos listed with a credit card directly from the Changelly mobile app;
- explore cryptos listed and real-time rates.
Importantly, Changelly users no longer have to go through the authorization procedure while doing the exchange through the mobile app. The Changelly app users can either undergo verification by choosing the Google account to sign in, or skip the verification step and go straight to the exchange.
The Mobile App Description
In addition to the exchange section, Changelly mobile app includes History section, where the user’s transaction history is placed and Support section, from where the user can send a request to Changelly support team and find the answers to the FAQ.
Changelly mobile app is quite compact and simple in use. It takes up only 8 Mb of the gadget memory and supports the Android versions starting with the version 4.4.
Changelly Exchange Video: