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514d1014... 2y ago

Now that I receive salary in bitcoin, how to navigate short term votality, when need to purchase essential goods that are quasi pegged to local fiat.

I’m running a small experiment.

Step 1: set a bottom and top line for Btc/usd, based on a variance rate from when received salary in btc. In between this range, use Bitcoin to pay for expenses.

Step 2: when below bottom line, use fiat credit card only. When above top line, use Bitcoin to pay off fiat card debt and continue to use Bitcoin as normal for expenses.

Step 3: automate so don’t have to think about it.

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Discussion

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Executive Order 6102 2y ago

When you say you receive your salary in Bitcoin, do you mean:

1) Your salary is a fixed Bitcoin amount

Or

2) Your salary is still fiat but you convert the entire amount into Bitcoin

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514d1014... 2y ago

Salary agreed is in fiat amt, but company pays me in Bitcoin.

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Executive Order 6102 2y ago

Why not:

- Get paid in fiat from the company

- Split direct deposit into 1 checking account for known fix, fiat expenses (rent/mortgage, etc) & use Strike to convert what's left into Bitcoin?

Then at least your biggest, fixed expenses aren't prone to volatility.

Also, if you're in the US and care about taxes, it'll be a little less burdensome on your largest fiat bills by not having to sell BTC to pay them.

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514d1014... 2y ago

- in my residency, there is no strike or crypto debit cards allowed, unfortunately. You’re allowed to have your wits, that’s about it.

- the company Im at has a concierge programme, where I list my recurring bills and they pay it off for me, and transfer the rest as Bitcoin to me. It helps a lot.

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Executive Order 6102 2y ago

That's an amazing program they offer then. Good on you for taking the rest in Bitcoin