Replying to Avatar Bitcoin Sasquatch

I agree but it all depends on your stack. The larger stacks should lead the transistion from a store of value to an everyday spending money.

More L2 adoption would help out too. Along with relaxed capital gains tax requirements.

Ultimately it is meant to be spent, but it's a process and it takes time.
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Jurjen de Vries 3mo ago

Why the larger stacks?! Everyone should do. When you spend in Bitcoin instead of fiat, at the end of most months you have more to stack.

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Bitcoin Sasquatch 3mo ago

I get paid in USD but I auto convert it to btc immediately. Then I use credit cards for daily purchases and at the end of the month I only convert the exact btc amount to pay off the credit card statement, using the 30 day grace period if needed to wait for a good BTC sell price depending on the price I paid throughout the month to convert each paycheck.

This way I feel like it maximizes my BTC accumulation, while creating minimal taxable events.

If I were to use btc to buy directly, I would create another taxable event, and depending on how btc moves, I could be losing out on any gains that happen later in the month.

IDK. For me at this point, being someone who hasn't been stacking for a long time, I want to hold as much btc for as long as possible to increase my total amount.