OK Nostr, I'm 100% BTC now & 100% off Coinbase!
Going forward, the best strategy is just to keep stacking and never look back??
Discussion
Great move. You are set for the future Doc.
https://www.youtube.com/live/k6qu9bHqXiY?feature=shared
Run a profitable business/household and save in the hardest money
Stay humble and stack sats as nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx would say
Congrats
Yes.
How deep down the rabbit hole do you want to go?
Pretty much doctor.
Stack sats, Cold store, repeat often, do good things for others, chill 🤙
Yup. Also not your keys not your BTC. 💪🏻⚡️🔥
congrats!! and yes, stack sats and keep learning
Affirmative. Spend as needed.
Yup
Please make sure your cold storage system is backed up appropriately and secure.
Consider spending sats rather than fiat if you can.
www.btcmap.org can show you merchants around the world who accept bitcoin - and I'm sure they'd appreciate your support.
if you have a business, accept sats and get on the map!
to go baller on this, take a holiday in El Salvador - where you can easily live 100% on the bitcoin standard, while supporting a relatively poor country that is committed to bitcoin, and also meeting your bitcoin family.. .. it's incredibly wholesome 😁
Is it bad that I don't want to let any Sats go?
I understand that by spending them I'm encouraging the BTC economy, but its hard to part with them...
It's subjective. If you HODL, you'll help support the price, and you won't lose capital. if you use it, you'll be boosting adoption. so it really depends on your personal priorities.
Actually, spending sats in a circular Bitcoin economy also supports the Bitcoin price. You’re just passing sats between people that will likely put it straight into cold storage 😏
At least to me, if we are using Bitcoin to buy goods and services that we value, it means that we are keeping the value within the Bitcoin network.
If you only own sats and 0 fiat then it’s much easier. You will spend on what really brings you value because you know the opportunity cost of spending the sats. Spend on credit and pay of balance with bitcoin
100% but if you're gonna spend fiat, better to turn it to sats first 😁
you might pay a fee but in my experience it's well worth it even for the people you're going to meet
spend and replace. have a small spending btc stack.
speaking as someone who accepts BTC for my business, only spend them when you really value what you're getting.
random internet purchase? -> dollars
buying from someone I care about? -> BTC
vote with your money
use Bitcoin when you really care
Spend and replace. What you were going to spend in fiat, use the sats and then buy more with fiat straight away. That way you encourage spending and adoption and you have the same amount of sats.
It’s not wrong. It’s your money and you decide what you’re doing with it.
Send $ via strike to your alby wallet for zaps.
If you can buy something in BTC, do the same; convert dollars to sats sending via strike.
That way you're just getting rid of those silly dollars.
Never 'spend' a single satoshi otherwise.
The only appropriate response to someone telling to how you should use your Bitcoin is GFY. Bitcoin is permissionless, you do you.
I think what you're experiencing is just a phase you go through. The feeling of not having enough Bitcoin is much stronger early on your journey.
It passes when your Bitcoin savings dwarf your fiat savings & income. When most of your value is sitting in Bitcoin. Buying Bitcoin non KYC & then watching it appreciate in value really helps this whole process.
Bitcoin changes you. Don't try to force the changes, just start becoming aware of them.
Yah for sure that is the way
Bravo! On the right path! 🍻
Swan, River, or Strike are all great. I use all 3 for what I consider their particular strengths.
I'm using Strike
consider a separate nokyc stack
nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en and Fold are great options too
3 Great Options - then move them over to a reliable cold storage wallet. 🤙
🫡
YOU ARE NOW FREE OF THE FIAT SLAVERY!!
YES
#YESTR
💯 Stack > Self custody 🤘
Always has been dr ken. Just make saving automatic. The less you think about it, the more easier life becomes!
Bitkey is $80 today with a coupon code if you need a hardware wallet
The rabbit hole only gets deeper. 🤣
Congrats on the level up!
LFG
Great move. Consider listening to citadel dispatch podcast episode 43 for privacy information.
Keep stacking, stay humble, constantly be learning
Spend your Bitcoin and replace
YOU TRY TO STAY HUMBLE YOU STACK SATS AND SHITPOST ON NOSTR
Welcome to the Renaissance.
If you have your self custody sorted out and have your seed phrase on metal just sit back and enjoy the ride.
Check out seedor if you don't have the metal yet.
Very good. Next step is to run your full node and mine your Bitcoin.
Get Strike, you can setup to buy BTC daily. After a certain threshold it can send to your personal BTC wallet.
Yes….doctor’s orders.
Very solid, Ken.
It was only a matter of time! Anyone who hasn’t read Ken’s book, Lie’s My Doctor Told Me, should grab a copy!
Yes.
How’d it take a smart guy like you this long?
Yeah you got it right.
Ok I’m 100% eating good and 100% into exercise. Going forward, the best strategy is to keep doing it and never look back? You know the answer my man.
Much like carnivory, the simplicity of this approach is the reason many people fail to recognize it as the optimal strategy
100%
Yes
Yes.
Stack it, put it into a multi sig 2 of 3 cold storage vault using Nunchuck, Casa, Unchained etc and back up your #ColdCard x 2 that is securing your multi sig vault in steel or titanium plates. Then sleep easy for the rest of your days.
Next step would be just to get a hardware wallet and a way to protect your seed words! You got this :)
Where do you buy from to buy consistently? I’ve been using Swan, but I’m exploring alternatives (especially thinking about KYC)
Don't go telling him shit like that, I am the one that ends up having to walk his non technical ass through it all! 😂
nostr:npub1kyk7ac33apd7cx0nun3laevf84zfhr8pt8kj4h8v7cpx9t72d4gqkyea0g alright, imma need you to set up a 4 of 5 multi signature cold storage solution using a multi vendor signing device set up. 1 x @coldcard 1 x nostr:npub1s0vtkgej33n7ec4d7ycxmwt78up8hpfa30d0yfksrshq7t82mchqynpq6j device 1 x Trezor and 1 x nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl . You’ll need two passports and two secret locations using the expert skills of Plan B and play the multi jurisdictional arbitrage game. Get 2 burner google pixel 8 phones running nostr:npub1kwarc5z9lwhen05uknd2nuwhhthd4ws0cku3t9j3rchm0fcd6luslse0nj . nostr:npub15879mltlln6k8jy32k6xvagmtqx3zhsndchcey8gjyectwldk88sq5kv0n will be able to run you through the whole process using #sparrowwallet running over Tor connected to a node in your second home in a country with no extradition laws. All new sats stacked will be from @Bisq and @HodlHodl ensuring KYC free sats only. Then Jack will run you through a join market coinjoin to anonymise your Bitcoin before routing it back to your nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll labs BTC node. Then set up an inheritance plan and a burner Bitcoin Company account to use Mastercard payments for daily spending. Then move to El Salvador. It’s a pretty simple game plan really. Beginners stuff!
I loathe you right now. 🤣
STAY HUMBLE AND STACK ZAPS
ChadYes.gif
Good work. Weekly purchases on nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 are the best. Though I will say- collecting the free money from Coinbase shitcoin “learning courses” and converting it straight to BTC (then lightning out) will keep me checking there until the money runs dry.
Back in the day this was easy money. Now you have to use other apps to get the reward IN their app. I don’t want the extra shii on my phone 🤷🏻♂️
Haha yup. I just do the first couple tasks on app. If it requires me to download a shitcoin wallet or use some defi exchange- I’m out. Hadn’t used CB in years and logged back on the other day. Was able to collect ~30 bucks quite easily.
Good move ! Never go back.
Check out nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhhwmm59enkjunfdehjummjvuhs6dhs4p bill pay service if you want to truly live on bitcoin. I'm just doing my fixed expenses for now, but hoping to go in 100% when I can.
Is this as easy as Mallers makes it sound?
I haven't seen a payment go through yet, but yes it's simple. You can't use it as a credit card payment, but anywhere you'd use ACH it's that simple.
Thank you
I just paid my rent directly from my bitcoin balance this morning. Pretty epic.
That is so cool. Happy for you.
That obviously triggers a taxable event. None of my business but I assume you are just planning to hand your accountant the report that Stike provides you at the end of the year?? This is like my only hang up w trying to spend.
I'm slightly concerned with the whole cost basis bullshit that they rolled out recently, add I have no way of calculating that. Too many different services, purchases spread out over 4 years, there's no way. I'm just going to report it at the basis that I'm DCAing into Strike at.
That makes sense.
I suggest you listen the last nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx Citidel Dispatch. It breaks it down pretty well.
Let me know how it goes. Best of luck my dude.
Once you get off the exchanges, shift your mindset, & learn the tools that connect you to the financial infrastructure of the future. 🚀 Run a node! #bitcoin #lightning #liquid #eCash #start9
This is the way. Hell set up a small daily buy in strke, say 5 bucks a day.
NO. LEARN TO BUY KYC-FREE NEXT
Definitely get a good hardware wallet. Trezor is great for instance.
Also consider using vexl.it or other way of local trading so that your information doesn't leak into the government.
🫡🫡🫡
DCA daily. Movie to a hardware wallet periodically. Learn about seed phrase backup/ storage.
Move*
Winning! 💪
Check out nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en, daily buys with no fees, interest in btc on your USD
YES
#YESTR
Got to be River
You got it sir 🤝
River seems most recommended in the US.
Love your teaching vids, Doc. There are a few recent podcast and articles on the downside of daily DCA and frequent withdrawals to cold storage. Small UXOs can get eaten up in transaction fees as “number goes up.” Look into that and consider lump withdrawals to cold storage. Lightning network vs on chain, etc. I got lots to learn, as well. Lump smash buys can be lucrative but the old saying is true, time in the market beats timing the market.
Way to go Doc. And the keto carnivore diet works great. I feel awesome 🤩. I’m down 40 lbs👍🏼👍🏼
Way to go Ken! We know the way, it’s like MahDi Atretes after he drank the water of life….we can see
You got there faster than most Doc.
Robosats, BISQ and many others await your usage 😄
Not to mention it's best to create a circular economy and find as many Bitcoiners who buy and sell P2P.
Start running your own node.
This guy fucks! My man!
Yes.
This is the way
#yestr
No, you can also fucking SPEND bitcoin with renegade small biz owners, crafters/artisans, and fellow homesteaders, especially here on nostr or in your local community.
That's how it's done!
Yes!
Plain & simple. No need to overcomplicate it. 💯
Yes! 🚁😎
Stay humble, stack sats is the best strategy.
I wish I was humbled & stacked harder, earlier.
stay humble and stack sats, Ken
There is no second best
If by 100% BTC you mean you pay all your life's expenses in BTC. Kudos.
Else you are a fool for not owning some Monero as well and using it to protect your family.
Yes.
Just like you’re not going back to Standard American Diet.