When bitcoin rose above $ 10k, many people excluded themselves from the market. But a downward spiral has made it a good time to start stacking sats. We all know that Bitcoin will recover stronger than ever. And when it does, what you did with your replacement change could mean more than you ever imagined.
Stacking sats has become a popular term for investing or earning very small amounts of BTC (satoshis). While stacking sats in this way may seem like next to nothing, Bitcoin has a very optimistic outlook for the long term. The more you can accumulate in satoshis right now, the better.
Bitcoin's next halving is likely to increase its price. If not immediately, at least in the next 12 months. At today's prices, if BTC bounces back strongly and reaches possible $ 40k by the end of the year, the number one cryptocurrency is indeed for sale:
The #Bitcoin halving is less than 2 months away….
– David Boylan (@ boydy25) March 14, 2020
There are many ways to stack sats from investing a fixed amount each week (even if only $ 10), known as bitcoin's average dollar cost, to retrieving sats from reward programs. Check out some of the simpler shapes available right now.
1. Put your BTC in a high account interest
Now might be a good time to start earning interest on your BTCs and stacking sats. From providers like Celsius Network to BlockFi and YouHodler, there are many places to get up to 6% interest on your BTC. Some even offer 12.3% in stablecoins like USDT, you may not be stacking sats this way, but you will certainly get more than any traditional bank.
2. Automated investment
One of the easiest ways to stack sats is to set up an account on an automated bitcoin investment platform. This is where the average dollar cost of bitcoin comes into play. Without having to remember to do it yourself, you can set it up to automatically invest in BTC fully automatically on a regular basis.
There are plenty of platforms that allow you to do this. Therefore, compare prices and find the right one for you. And if you don't want to spend time on research, you can set up an automated monthly investment directly from your Coinbase or Kraken account.
3. Refund rewards
Another way to easily stack sats is through the use of certain money-back applications. Please note that these are not available in all regions. Some of the major ones, like Lolli, allow you to download a plugin for your browser that lets you know where you are shopping from one of their partner sites. You can recover up to 30% of your BTC in your Lolli wallet from sites like GAP, Macy’s and Hotels.com.
Just run a quick search for "Crypto Cashback Apps" and you will find many ways to start stacking sats without having to do a thing. SatsApp, Fold and Pei also allow you to retrieve sats when you make a purchase from one of their registered merchants.
4. Run a Lightning Network node
That being said, the payoff in terms of knowing that you're helping to support Bitcoin's core scaling solution may exceed the limited sats you'll get.
Whichever way you choose to do it, be it one or all of the above, keep this in mind. With so many bullish signs of Bitcoin on the horizon, the sats you accumulate today could be worth much more in the near future.