reply on: Don't pay now (in fiat) what you can pay later \ stacker news ~bitcoin

238 sats \ 9 replies \ @freetx 13 Mar \ on: Don't pay now (in fiat) what you can pay later bitcoin

I think this can be part of a successful "living off of bitcoin" strategy.

By holding most (all?) of your wealth in BTC and then paying for things out that, you get to reap the appreciation of btc. Key to this concept is: never cashing out, only pay for things from your stack as needed.

So there is never a question of "should I cashout once it hits XXXX?" NO. Instead simply pay your bills normally from your stack. I honestly think once banks start to be able to custody BTC, this will become the norm.

45 sats \ 2 replies \ @SahilC0 13 Mar

Bingo. This is #GetOnZero.

55 sats \ 0 replies \ @jsonbits 14 Mar

I've been doing this as well. Get on a tax deferral payment plan. The interest is considerably lower than the price appreciation of bitcoin over a 4 year cycle.

55 sats \ 0 replies \ @030a29f333 13 Mar

This is the way

20 sats \ 2 replies \ @felipe 13 Mar

That's already possible in Brazil with bank apps like Bipa. Just recently they added the possibility of making PIX payments (in BRL) using your BTC balance

I didn't try it yet but I will soon!

27 sats \ 1 reply \ @anon 14 Mar

Amazing... you need CPF for everything

10 sats \ 0 replies \ @felipe 14 Mar

I never said it's perfect 😅

But if you don't mind KYC for small payments it's a good choice

I didn't try it yet but I will soon!

I tested yesterday to pay for groceries and it worked well. There's a 1.3% fee on top of the payment though... or 1.5% I don't recall exactly. A little expensive IMO

20 sats \ 1 reply \ @SpaceHodler OP 13 Mar

I thought about that too. Normally I only keep in fiat what I need to pay my bills in the coming weeks. But it makes sense to even put it all in BTC straight away and if I need to pay some bills in two weeks from now, pay from the BTC stash. Its fiat value may go up or down during those 2 weeks, but on average it goes up (positive EV).

31 sats \ 0 replies \ @freetx 13 Mar

At some point...the calculation of your (BTC-stack x Price) - (Bills * Inflation) will yield escape velocity.

That is, at some point your BTC will never be depleted simply because its massively outpacing inflation.

Probably if you are at 30-40 BTC at current levels you are already there (maybe less). As BTC tops 500K that number probably falls to only needing a 7-8 BTC stack....

This is why its so important to build up stack size as much as possible now. Literally at some point you will be able to live the rest of your life on 1 BTC.

0 sats \ 0 replies \ @030a29f333 13 Mar

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