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Kyle Sylvestre profile picture
I use @nprofile1q... wallet with NWC for Primal. I’m not familiar with Amethyst and what wallet set up looks like with that client but I imagine there must be some NWC capabilities with it.
Kyle Sylvestre profile picture
Considering living on a Bitcoin standard?

I’ve lived on it since August of this year with Strike.

Here are some tips and tricks that I’ve learned in the past 90 days that will make your time living on a Bitcoin standard a successful one:

1. Put your entirely monthly spend on credit cards

In my opinion, this is the only way that the live on Bitcoin standard works. Use credit cards with generous cash back or travel miles benefits. This can help eat or offset any small dips in price for the month when you pay your credit card bill.

2. Do not pay the minimum only

Pay off your credit cards in full every month. I made the mistake of maxing my cards over the past few months trying to acquire as much bitcoin as possible in preparation for the 150k-200k price everyone was anticipating. Instead, bitcoin dropped into the 80s and I’ve had to sell at a loss.

3. It helps to have Bitcoin in reserve

I stacked for years before considering doing this. This can help make you whole if you’re negative. Unfortunately, you have to sell the sats to do so.

4. Live within your means

Don’t overspend on credit. Spend less than you earn and living on a Bitcoin standard is possible.

5. DCA

You should be DCAing daily or hourly in addition to the weekly or biweekly smash buys your paychecks purchase for you. DCAing gives you exposure to all the variations of Bitcoin’s price that way large portions of your wealth are not locked in at a fixed price point.
Kyle Sylvestre profile picture
You’re right. You can lose time and value in the short term.

I’ve lived on a Bitcoin standard since late August. Here are some tips and tricks that I’ve learned in the past 90 days:

1. Put your entirely monthly spend on credit cards - In my opinion, this is the only way that the live on Bitcoin standard works. Use credit cards with generous cash back or travel miles benefits. This can help eat or offset any small dips in price for the month when you pay your credit card bill.

2. Do not pay the minimum only - Pay off your credit cards in full every month. I made the mistake of maxing my cards over the past few months trying to acquire as much bitcoin as possible in preparation for the 150k-200k price everyone was anticipating. Instead, bitcoin dropped into the 80s and I’ve had to sell at a loss.

3. It helps to have Bitcoin in reserve - I stacked for years before considering doing this. This can help make you whole if you’re negative. Unfortunately, you have to sell the sats to do so.

4. Live within your means - Don’t overspend on credit. Spend less than you earn and living on a Bitcoin standard is possible.

5. DCA - You should be DCAing daily or hourly in addition to the weekly or biweekly smash buys your paychecks purchase for you. DCAing gives you exposure to all the variations of Bitcoin’s price that way large portions of your wealth are not locked in at a fixed price point.
Kyle Sylvestre profile picture
Strike Bill Pay works best with credit cards. The cash back or miles you get back from doing your entirely monthly spend on credit can help eat the cost of short term volatility.
Kyle Sylvestre profile picture
What can living on a Bitcoin standard do for you?

It lets you take back control of your time. An example from my own life is shown below. This amount is my latest paycheck. I’ve become 5% wealthier since I was paid. This equates to 3.43 hours that I’ve reclaimed for myself. @nprofile1q... @npub1cn4t4...