I agree. You need to take account of your cost basis now to make future sales easier.
Does anyone have experience inputting your cost basis on nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 ? I’m discovering that if you move your coins off Strike to cold storage, and then back to Strike to sell, you will need to input the cost basis manually - even though you bought the coin originally on strike. I’d like to know how easy/difficult this process is. I’m working on doing the Bitcoin Standard through Strikes Bill Pay and this is the last hurdle. nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle #strike #bitcoin
Hi Rojo, i dont move mine off Strike till im sure it wont have to go back.Their customer support is pretty good though. I took all my pay in bitcoin with Strike last year and started the bill pay this year. Please share your results.
Sam when I started a new job 5 years ago I didn’t enroll in the company 401k desire a generous match. HR gal thought I was mad. I stacked Sats instead.
Seriously guys you couldn’t drag this out till Friday when I get paid?
Keep it low till my payday on Friday please.
Let’s say you are just starting out and you have some cash, history has shown the best return (albeit emotionally difficult) is to just smash buy. Now you have no cash left, so as your regular paycheck comes in use it to purchase more. Not really averaging in so purists will object to calling it DCA. As time goes on the price will exceed you average buy in and if you stay liquid you can’t get forced to sell.
After two cycles people have made it, so it’s natural they would trade some savings for goods and services.
Ah you’re right I missed them. Hopefully a growing trend.
Can you show which states are Dem or Rep. great seeing the progress in just a few months.
New Fiat achievement unlocked. Last year I started taking 100% of my wage in bitcoin. This year I automated my bills directly from Strike. Now I have zero fiat.
It’s also hard to get the ‘all in’ education/conviction/confidence right away. So in reality for most to get from 100% fiat to 100% bitcoin is a two cycle affair.
I think it’s more like 8 years to setup, two full cycles. But I love the idea you share.
At 30, if you stack #bitcoin consistently, you’re smarter than 99% of your age group and 99% stronger than most 20-year-olds.
At 40, if you keep stacking, you’re better off than 99.9% of your peers.
At 50 still stacking? You’re part of the 0.0007%.
The long hodl always wins.
https://x.com/GiaMMacool/status/1883907444427915368?t=a4AIipCRkbcYwkhBDTMznA&s=19
The most important time to stack is when you first start, it only gets more expensive. I think two full cycles to financial freedom is possible if you go hard.
If bitcoin gets to $1million by April 2027, the price will exceed the block height.
My man that is inspirational, great position to be in. Thanks for sharing as it shows the way for others. I hope to do the same this year.
Number 2. I like 3 but think the plastic boxes detract from it.