Twitter is full of awesome bitcoiners but I recently came across a great idea by a bitcoiner with the username @BitBallin. Instead of just buying the dip when they felt like it or with some sort of arbitrary strategy, he decided to buy every single dip and increase his position on the way down.

Before we fully dive into this case study, please take a moment to read my disclaimer and disclosure. It goes into detail on how none of this is financial advice and that bitcoin is risky. It also covers how I generate revenue with the use of affiliate links and a single banner ad on each study.

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Now it’s time to get back to learning about buying every dip with Strike.Me.

Case Study Parameters

I was strolling through my twitter feed just like I do on any given day and I came across a tweet that caught my attention.

This tweet caught my eye for a few reasons. It was about strategically buying the dip, every single day, and increased the purchase size every time the price dipped. All of those things resonate with me because they are all systematic approaches to stacking sats, so naturally, I decided to do a case study on the data that @BitBallin was publishing.

Let’s look at all of the reasons why this strategy is worth paying attention to.

Daily Purchases at 8AM

In order for a purchase strategy to truly implement (dollar) cost averaging, there needs to be a consistent purchase on some sort of fixed schedule.

BitBallin has chosen to make his purchases every morning at 8AM local time. There’s not a much more consistent way to stack sats than buying bitcoin every day. In fact, I am currently in the process of buying bitcoin every day with the Cash App but I keep my purchase amounts fixed.

Buying Every Dip

@BitBallin has a simple strategy that resonates with any true bitcoiner. Instead of buying a dip here and there, he has decided to buy bitcoin every single time the price drops below his last purchase price.

He is literally buying every single dip.

Martingale with Strike.Me

Not only is BitBallin stacking sats every single day but he’s also implementing a martingale purchase strategy. If you’re not familiar with the Martingale strategy, it’s a systematic method of doubling your bet every time you lose a bet.

The Martingale is primarily geared towards bets with an even-money payout but since he is just going to HODL, he will probably make more than a 100% gain on every purchase in the long term.

When you double your bet on a loss, you can only sustain so many losses before you run out of money which is why BitBallin is using a newer service called Strike.

Most services won’t just let you purchase $1 worth of bitcoin but Strike is a service that is focused on Lightning Network payments so he is able to purchase amounts as little as $1.

Now let’s look at how this data is playing out.

Infographic: Buying Every Dip with Strike.Me

To keep things nice and easy to understand, I like to always put all of this data into an infographic that can be easily digested so my readers can just view all of the data in a concise manner.

Since I only have a couple of data points to publish data on, these infographics end up being pretty boring until I am at least 3 months in.

Buying Every Dip with Strike.Me

If you’re more interested in reading through all of the data in more detail, here’s the more in-depth breakdown of all of the data that BitBallin has published.

Based on the initial image that he shared, it looks like he is using Wallet Of Satoshi to receive his payments. I’m not sure if he keeps his sats there or if he withdrawals to an on-chain address after so long but that’s none of my business.

August Purchases: 708,292 sats

BitBallin began making these purchases on August 18th so his purchases are likely to be less than most of the other months but in the event that the price was to dump several days in a row, he would end up doubling his bet each day AND the cost of each sat would be less than his previous purchase. You’ll notice in the data that

September Purchases: x sats

I am still waiting for all of the data to come in for the month of September but I wanted to get this study live so I could begin the long process of getting it to index within search engines and building a following around it.

Things To Consider

There’s no such thing as a sure thing but I am always looking for ways to mitigate the risk of buying bitcoin. Here are some things to consider if you’re going to implement this strategy.

Bankroll

BitBallin has mentioned that if you sustain even a short period of time where you have to double down for a number of days, you might quickly find yourself running out of money. If you intend on implementing this strategy, be sure that you have an adequate bankroll or you could find yourself stopping a whole lot earlier than you had expected.

Thank You

I would like to thank @BitBallin for taking the time to publish this info each and every day. I just randomly came across his tweet one day and since he was publishing this data, I decided to make a case study about it. Please take the time to give him a follow on Twitter: @BitBallin

Also, if you would like to help me to work full-time on bitcoin projects like this one as well as help me get even more data points for my study on earning bitcoin with Tippin.Me, please consider sending an LN tip my way.