Subnostr

Since Strike updated their limits I started taking my whole pay in bitcoin and then a couple of days before the end of the month selling just enough to cover my bills and to zero my credit card balance. As shown in the graph my stack in BTC is generally increasing over time. Also the fiat value of my stack after 4 months is equal to 31% of my yearly take home pay. In effect I have been living for free. To do this you need regular income and to spend less than you earn and some savings so you can stomach the volatility.

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Discussion

Duncan Cary Palmer 1y ago

Brilliant strategy.🤔🧐🚀🎇

Geek 1y ago

How much do you move off of strike into a hardware wallet? How much do you keep on? Do you move it all off and then move back what you need when you're paying bills?

Speedster 1y ago

I keep about a months worth of salary in bitcoin on Strike. This will cover most of my foreseeable expenses and it’s an amount I am comfortable having at third part risk. Anything over that I withdraw to cold storage about once every two months so UTXO size is reasonable. So I have a months reserve plus my months pay in bitcoin on strike and a couple of days before the end of the month I sell on strike and transfer fiat to my bank just enough to cover my bills. This way once I move any to cold storage I don’t plan on selling it in the next couple of years.