The Best Bitcoin Strategy in 2024

In this video, I show you how to accumulate Bitcoin in 2024. I’ve used this same strategy to massively outperform a “dumb” dollar cost-averaging strategy over the last 5 years. Thanks to tools like AlphaSquared, the process has never been easier or more customizable. With AlphaSquared, you can build your own custom dollar cost averaging strategy that integrates with the Coinbase Advanced Trade API to automate your finances fully. This set-it-and-forget-it method of investing is my preferred way to invest - it leaves me with peace of mind knowing that my investments are doing what they should so that I can focus on what is important for myself and my business.
🧠 Check out AlphaSquared's Daily Risk Indicator (use code "LEVELUP" for 15% off paid plans): rhett.blog/alphasquared
📝 Companion blog post with code samples: www.rhett.blog/bitcoin-dca-2024/
🐦 DM me on Twitter if you have questions: / rhettre
👾 Join the Discord to work with like minded programmers and Bitcoiners: / discord
🤑 How to Take Profits: • How to make profit wit...
📈 Bitcoin ETFs ranked and explained: • Bitcoin ETFs Ranked an...
🧠 Fear and Greed Index Explained: • Backtesting the Bitcoi...
🚶‍♂️My favorite book for people who want to level up their investing knowledge - A Random Walk Down Wall Street: amzn.to/30ZJWYz
👨‍🏫 My favorite intro to personal finance book - I Will Teach You to be Rich: amzn.to/3Hb6WmU
How to Predict the Future 0:00
The Problem 0:52
AlphaSquared Demo 2:30
Strategy Builder 4:34
The Risks 9:10
How I Use AlphaSquared 10:33

[@aspiringwhale7306]

super cool as usual rhett. Saving the world one you tube video at a time.

[@RhettReisman]

Slowly but surely

[@austinfrazier7325]

Thanks Rhett. Never even heard of this service before. I’m def gonna look into it. One of the reasons I like your channel is you seem to always be looking outside of the box btc wise.
Have you thought about using this for a day trading strategy? Like if this risk < 50 or whatever and RSI is < 30 then buy. I wonder if there is any cool correlations like that where we can use this for more than just DCA. If I sign up I might do some simple back testing just to see if his indicator could be useful for day trading.

[@RhettReisman]

Thanks man 🙏 yeah I’m always looking to freshen up the space a little haha
Yeah totally all of that is possible. I haven’t looked much into backtesting something like that but one of the reasons I made the discord was so hopefully the community could use the tools and start to find some correlations through something like that. Not sure people will share full strategies there but might be a good place to meet other like minded traders.

[@miket.8289]

Hey Rhett unrelated question. Is there a way to sell L-USDT (or even L-BTC) from within a Blockstream wallet, or is the only exit out via base layer BTC?

[@RhettReisman]

I haven’t used liquid much sorry. Someone in the discord might have used it

[@miket.8289]

@RhettReisman no worries. You have a community channel discord?

[@RhettReisman]

Yeah rhett.blog/discord should get you the invite. It’s linked in the newer videos. Its small but we’re growing it

[@ikust007]

Mate : since we all have to pay our best friend the state and taxman, is there a place to put those taxes into the strategy ?

[@RhettReisman]

Probably depends - everyone’s taxes are different

[@keo-yi3wv]

Hi Rhett, Can Alpha Squared API be used on Gemini Exchange?

[@RhettReisman]

Yes! I’m working on fixing the Coinbase code right now but after that I’ll release how to do this for any platform on the blog and in a video