11.2 C
September 19, 2020
Image default

Bitcoin as a tool supporting saving Blocksats

It used to be better. Probably every reader has met this term more than once. Well, maybe even starts to use it yourself. This is nostalgia, often unreasonable, because we have a selective memory. Was it like that with saving? Has it ever been better? Maybe let’s skip extreme examples of hyperinflation in Poland, but not so long ago, one could imagine winning a lottery in a lottery, putting it into a savings account (or accounts) and living off interest and the purchasing power of all capital at least does not decrease. Of course, I’m exaggerating, and such fairy tales can only be imagined by a 10-year-old (who did not think so, let him cast a comment first), but you can not hide that …

Saving has become very complicated lately

“We are unable to maintain value without investing, the ability to save begins to require extraordinary expertise”
(Saifedean Ammous, author of The Bitcoin Standard, Stephan Livera Podcast episode 147 https://stephanlivera.com/episode/147/)

And in fact, if we analyze it in more detail, it turns out that the experiment in the form of fiat currency, printed without hesitation, causes a rapid devaluation of money (and drives consumerism), which in effect means that in the current economic situation there is no possibility of maintaining the value of our savings without investing, whether in a not very liquid real estate market or in a very liquid stock market. This trend, moreover, was perfectly sensed by banks offering access to products enabling “easy investing” and applications, thanks to which you can buy even some shares (and soon also some real estate or some works of art). You want to save, you have to invest – it would seem like a new paradigm. In the world of negative interest on personal accounts, there is no simple solution. Or maybe it is?


Historical data indicate that in the case of saving, bitcoin is an excellent option, which in the long run may prove to be a replacement for savings accounts and piggy banks. And it certainly can be an interesting alternative to investing “blindly” your money in stocks or real estate. Bitcoin, contrary to appearances, is simple and follows clear and solid rules – and users will appreciate it. Most importantly, no one can print it and there will never be more than 21 million. Since the last “halving”, the annual bitcoin inflation is very close to gold (at present about 1.6% per annum), and over time it will be only lower (it is cut in half every four years). There is a reason why bitcoin is increasingly being compared to the precious metal mentioned, even by very well-known traditional investors such as Paul Tudor Jones. Let us also remember that as adoption progresses and the market increases in general, even large short-term price volatility will decrease significantly.

Let’s look at the facts and use the available tools. Calculator on the site dcabtc.com will quickly calculate that:

  1. If we would put $ 10 a week in Bitcoin every week for the last two years (i.e. after increases in 2017!), We would have invested a total of $ 1050 for which we would have bought 16,388,000 satoshi (or 0.163 BTC) throughout this period today they have a value of around USD 1,489, which means 41.89% NA PLUS against the dollar.
  2. If we started putting off the same ($ 10 a week) 4 years ago, we would have invested $ 2090 at the moment, which would give us 91,580,000 satoshi (0.915 BTC) worth $ 8 325 at the moment, which means 298.35% ON PLUS against the dollar.bitcoin saving

This way of investing, i.e. buying small amounts from time to time, is called DCA (Dollar Cost Averaging). This is an interesting solution because we save not only money, but also time, because we do not have to follow the charts and we are not interested in the current, short-term, even very large price variability. We care about the potential and long-term possibilities, because that’s what saving is all about. Unfortunately, none of the current exchanges or bureaux de change in Poland offers such an option (although this may change soon), but there is a much better way to buy DCA than buying in a bureau de change or on the stock exchange, because these are rather places where we buy for larger amounts. You can do DCA for ordinary online shopping.

Is it possible to save in Bitcoin by the way?

And here help with the type of cashback, which we wrote about last week and which offer a refund usually a few percent of the price of goods purchased online – just at BTC. You can do DCA without directly investing in bitcoin on the stock exchange or in an exchange office! Companies such as Lolli and Fold have started this trend worldwide, and Satsback has recently appeared in Poland.

Satsback bitcoin saving

Satsback is a platform that has recently launched a closed BETA version and is currently being tested. You can join the waiting list on the site https://satsback.com/pl, and the number of partners is getting bigger every day. Here are some examples:


We shop as always, and the platform returns a part of the amount spent in bitcoin. Thanks to the use of the Lightning Network service, we will be able to pay out very small amounts to our wallet. DCA when shopping, what more could you want …

In the next part of the series we will thoroughly discuss how this platform works, how to use it and how it happens that everyone benefits from it.

Author: Jacek Kubiak

Related posts

The sex.crypto domain was sold for as much as 230 ETH |

Aparnna Hajirnis

The digital euro test in France was successful – Blocksats

Aparnna Hajirnis

Bitcoin’s Hash Rate is slowly stabilizing. Fees increase by over 2000%

Aparnna Hajirnis

Leave a Comment