Nostr Web Client

Right now I hold Bitcoin and credit card debt. I buy once a month when I get paid. I sell once a month when I get billed.

I don't think I'll even do the gift cards anymore.

TheGrinder 1y ago

Nice! Almost the same here. I swap to Bitcoin the moment ANY fiat money hits the accounts then spend BTC (or take dirty fiat from an ATM) as needed and I don't need much. I love the fact that, over time, you're always ahead of the curve when it comes to swapping some sats back to funny money. I mean, sats from last year for example have already gained 5x the purchase power. If someone isn't a mad spender then they're pretty much set for life.

Having said that, I still don't understand how anyone who's been in Bitcoin for more than two cycles isn't ALL-IN yet.

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Discussion

Jay 1y ago

Nice x2 😁

And with Strike and River working on dual currency banking/Bitcoin first banking, it'll become even easier to just be all in by default. I still have to jump through some hoops to do this in the meantime.

And I already wrote my own tax accounting script years ago, which made taxes really easy no matter how many times I bought or sold for USD. I just import the csv of any exchanges I used that year and it pops out the tax form attachment.

TheGrinder 1y ago

oh that's cool! though, I stopped paying taxes on my corn long time ago. When living in Spain I setup a non-resident company in Gibraltar. It costs me less than 300 GBP in administration fees per year and Gibraltar has no capital gains tax or VAT.

Jay 1y ago

That's a great setup, kudos on saving your 🌽 👏