This is it.
My only resolution for the year is to live with maxed-out Bitcoin/short fiat exposure.
While selling Bitcoin doesn't make sense tax-wise, I plan to use a FBTC as the vehicle to reset my dollar-cost average and achieve my goal. At the same time, this will reduce the fees from buying and selling each month.
1. Buy FBTC with every paycheck in a normal account.
2. Spend on a credit card.
3. Sell FBTC to pay the credit card and mortgage.
4. Transfer any surplus to a tax-free savings account.
5. After tax season, buy Bitcoin and send it to cold storage with whatever I have saved.
Any tips, am I missing something?
leeyak / leeyak⚡️
npub1pn…9emft
2025-01-02 04:07:13
Author Public Key
npub1pnzjw5c4dcw354a0msp6mr75dr0mnhd3pvcr4nm839yc8ymnmt0sp9emftPublished at
2025-01-02 04:07:13Event JSON
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"pubkey": "0cc52753156e1d1a57afdc03ad8fd468dfb9ddb10b303acf678949839373dadf",
"created_at": 1735790833,
"kind": 1,
"tags": [],
"content": "This is it.\n\nMy only resolution for the year is to live with maxed-out Bitcoin/short fiat exposure.\n\nWhile selling Bitcoin doesn't make sense tax-wise, I plan to use a FBTC as the vehicle to reset my dollar-cost average and achieve my goal. At the same time, this will reduce the fees from buying and selling each month.\n\n1. Buy FBTC with every paycheck in a normal account.\n\n2. Spend on a credit card.\n\n3. Sell FBTC to pay the credit card and mortgage.\n\n4. Transfer any surplus to a tax-free savings account.\n\n5. After tax season, buy Bitcoin and send it to cold storage with whatever I have saved.\n\nAny tips, am I missing something? ",
"sig": "faa28013f4bce468eee64d250054b868afc497871198c9e156a48b2ced9a63a6c65962140288e8bba97f330c8998337c64a0e05f9abfc9502e5ee86fae869afa"
}