Haven’t kept any cash balance on strike yet. I feel like if I have money there it should be sats not $. Pile up sats with recurring buys, transfer to cold storage once the stack is tall enough
Spending out of the cash balance to LN addresses on nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakquw0j5p is the powerful tool and differentiator IMO. Minimal to zero tax implication and able to spend #bitoin, win-win. 🍻
Discussion
Absolutely, but tax gains is a burden. Instant deposit from bank and spend SATs out of cash balance is a win all around. Spend bitcoin, encourage vendors to continue accepting it and mitigate cap gain tax while spending bitcoin.
Otherwise you need KYC-free SATs to spend without a tax burden which you can't do with Strike.
If you're just holding, this tool isn't for you.
Good point. Thanks!