Ideal Settings for Maximum Conversion or Yield

[DecentralEyes]

So, I'm trying to figure out the 'ideal' combination of settings.

In particular I'm finding it hard 'off the top of my head' to visualise the relationship between the Satoshi stacker and the Stimulus generator and whether this relationship is mutually exclusive between these two functions or beneficial to each other.

In short, I'm trying to determine if everything should just be left switched on, for a low-amount 'set-and-forget' type wallet strategy.

1) Deposit Fee On ?
2) Stimulus Generator On ? (and ideal allocation amount ?)
3) Satoshi Stacker On ? (and ideal allocation amount ?)

[mistaPhi]

So, I'm trying to figure out the 'ideal' combination of settings.

In particular I'm finding it hard 'off the top of my head' to visualise the relationship between the Satoshi stacker and the Stimulus generator and whether this relationship is mutually exclusive between these two functions or beneficial to each other.

In short, I'm trying to determine if everything should just be left switched on, for a low-amount 'set-and-forget' type wallet strategy.

1) Deposit Fee On ?
2) Stimulus Generator On ? (and ideal allocation amount ?)
3) Satoshi Stacker On ? (and ideal allocation amount ?)

Hi DE,

Only you can determine what is ideal for you b/c only you know how much Bitcoin you have, how much you send to the wallet, what your personal goals are, etc. And if everyone chimed in, you'd likely get feedback on a wide range of strategies. Everyone is different, but I'll try to elaborate on the features that you specified in hopes that it'll give you a bit more insight.

1) DEPOSIT FEE

Enabling the Deposit Fee is a good play if you want to use your wallet to grow your Bitcoin holdings over the course of time. If you want to use the wallet for transacting or to receive large payments that you'd like to have full access to, disable the deposit fee. This way if you send 1 BTC to your wallet, 1 BTC will be available upon confirmation; as opposed to having 0.9 BTC available and paying a deposit fee of 0.1 BTC (which is about 10K).

2) STIMULUS GENERATOR

* This is a "set it and forget it" feature.

* Requires an extremely small amount of Bitcoin to activate (0.000003 BTC or about 23 pence)

* When enabled, this feature purchases the specified amount of Credits (that you define) on a daily basis, but will only do so if a sufficient amount of Bitcoin is available in your wallet. If there's not enough BTC to cover the specified amount, the feature will not initiate another purchase until enough BTC is available (either by you adding BTC to your wallet or by Credits converting into BTC).

* This feature is best suited for long term accumulation where progressive and consistent growth is preferred above the amount of available Bitcoin that is sitting in their wallet (although this too can be managed with the proper settings)


Ideal allocation you ask? That will be 100% up to you, but here are some things to consider...

a) If you only have a balance of 1 GBP of BTC in your wallet, set the Daily BTC Allocation to the minimum (0.31 USD or whatever minimum is specified in your currency at the given time). With such a small daily purchase, your wallet will begin making daily purchases (lasting at least 3 full days) while allowing time for the credits that were purchased to convert into Bitcoin. On the flip side, don't set the Daily BTC Allocation above 1 GBP, otherwise the Stimulus Generator will never activate (unless of course more BTC is added to your wallet).

b) If you have a larger BTC balance and you want to maintain a certain balance, the best thing to do is check the amount of Credits that are being converted into Bitcoin on a daily basis. You can see this by clicking on the view icon next to "BTC converted from Credits" on you Dashboard. If the amount of Credits converted on a daily basis is around 0.50, you can set the Daily BTC Allocation to 0.35 and still experience a gradual increase in your Bitcoin balance while also acquiring discounted Credits automatically. If the amount of Credits converted daily is 0.10 and your Daily BTC Allocation is 0.35, you can expect your BTC balance to decrease on a daily basis until it has acquired enough Credits to reach a daily conversion of 0.35 or more. And you can increase or decrease the Daily BTC Allocation as desired, with the minimum being 0.000003 BTC.

Another way of thinking of it is this... Let's say you have $100 worth of BTC in your wallet and you'd like to dedicate about $30 each month to purchasing Credits automatically. That would be about $1 per day, so you can enable this feature and set a Daily BTC Allocation of $1. This way, your wallet is continuously acquiring Credits on your behalf with no further intervention (set it and forget it). Now while it's always most profitable to purchase Credits manually in the marketplace, the Stimulus Generator puts everything on autopilot and removes the burden of having to log in daily.


3) SATHOSHI STACKER

* this is a "set it and forget it" feature as well, but focuses more on keeping your Bitcoin working AFTER all of the wallet's existing credits have converted over to Bitcoin.

* Requires a minimum BTC balance of about 5 GBP (or more specifically, whatever the minimum price is to purchase Credits from the marketplace at any given time). If the lowest offer to purchase Credits in the marketplace is at 8 GBP, a wallet's available BTC balance must be at least 8 GBP while (a) the feature is enabled and (b) the Credit balance is 0. It's also worth mentioning that the Stimulus Generator will never trigger if the wallet never acquired Credits before, even if the feature is enabled.

* When enabled, this feature uses the specified percentage of the wallet's Bitcoin balance (BTC Allocation) to purchase Credits, but only does so when the Credits balance reaches 0. One caveat to this is that if the Bitcoin balance is below 100 GBP, the system will override the BTC Allocation setting and may use up to 100% of the Bitcoin balance to purchase Credits. Otherwise, it will purchase as many Credits as possible from the marketplace base on the BTC Allocation percentage specified. Ex) If your wallet has 1000 GBP in BTC and have a BTC Allocation setting of 5%, the system will automatically purchase up to 50 GBP in Credits (5% of 1000) when the Credits balance is zero.

* This feature is best suited for long term accumulation where maintaining a certain Bitcoin balance is preferred above consistent growth (although like the Stimulus Generator, this can also be managed in various ways).

-----------------------------------------------------------------

You can have both automated features enabled but if they are, the Automated Satoshi Stacker may or may not get triggered... Remember that the Stimulus Generator purchases Credits every day and it may take over a day for all of those credits to convert into Bitcoin. However, if your wallet's conversion rate happens to convert all of the Credits and the Credits balance reaches zero, then the Satoshi Stacker will kick in an make a purchase. So the two are NOT mutually exclusive, and can be used together if desired.

It's great to understand how all of the features work, but who's to say what the ideal solution is? There are far too many strategies and moving parts to pinpoint what is optimum at any given time, so don't stress too much over it. Just know that you'll get the most bang for your buck by manually purchasing Credits in the marketplace and you'll enjoy the most convenience by using one or both of the automated features. And at the end of the day, just about any strategy you use will result in a win.

Hope this clears things up a bit for you but if not, it may be worth getting a small group together and scheduling a video chat to go through some Q&A's.

[DecentralEyes]

Many thanks for such a comprehensive explanation.
Plenty for me to play with going forward