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146 sats \ 3 replies \ @trevor 18 Sep 2022 \ parent \ on: Daily discussion thread
I did something similar. Opened a 0% credit card and used that for my regular fiat purchases. The fiat I didn't spend because of the card has gone into buying Bitcoin. As the 0% gets close to expiring, if I haven't paid off the card, I'll open another 0% card and transfer the balance.
Got the idea from @DEEPFUCKINGHODL on Twitter. He's apparently done this multiple times. So far it's working well.
I did this back in March 2020. When Bitcoin had that crash almost to $3k I took one of my credit cards and did a huge purchase then did a “DCA” over the next 12 months to pay it off with a 0% balance transfer with a one time 5% fee. When BTC went to $69k it was an amazing trade in fiat terms I could have easily sold the BTC to cover the credit card but I didn’t. I just used the cash flows from my fiat job to pay off the card and kept the sats in cold storage
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that for my regular fiat purchases
So you mean like food etc?
The fiat I didn't spend because of the card has gone into buying Bitcoin.
So you had a monthly limit on that card and the rest you didn't spend in that month went into bitcoin?
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Yes, anything that I normally would have bought with fiat, I put on the credit card instead. No monthly limit, just ensure you don't overspend more than you normally would. I paid on it occasionally with my Fold card, but I've stacked so much more Bitcoin doing this.
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