Stack sats9/12/2023 ![]() ![]() You can choose to get also get their prepaid debit card which further rewards users in BTC. I like using this for purchases I'd be making online anyway, from groceries to shoes.įold - Similar to Lolli, cashback paid in BTC when you shop. Lolli - Up to 30% cashback paid in BTC when you shop. And since you'll be spending the money anyway, you might as well earn some cashback for it! There's a lot of really good crypto cashback options that have come out recently, I'll just share what I use here. I recommend you do the same! Take a look at your budget and really find out where the money goes.Īfter cutting your expenses you'll be left with just what's necessary. ![]() I started with just cutting out a little and have become addicted to seeing how low I can go and still live a comfortable life. Since then I've adjusted my own personal budget so I live off about 30-40% of my income and invest/save/donate the remaining 60-70%. I saw very clearly why I thought I didn't have money. So when I was forced to write down each time I spent money during the day, I got a little bit disgusted with myself. With so many transactions today being digital I can quickly lose track of spending. What worked well for me was to just write it down. There's a lot of really good tools out there to help you with spending. If that $6,570 was invest into BTC a couple years ago, even with deflated prices as they are now, you'd have 300x what you had initially put in. What looks like a few dollars a day quickly adds up. I've got a little bit of a sweet tooth and spending can quickly get out of hand. I see all sorts of stats come out about this, with average spending for Millennial/Gen Z'ers ranging between $18-$30/day on coffee and eating out. Rather than tell you about the next low market cap gem that will 10,000x your investment, I'd like to share with you the 1,000 tiny things you can do to help grow your wealth and get that Lambo.Eventually.įor most young people it's coffee or eating out. ![]() Well today I'd like to be that boring guy. Everyone is in awe of the trader who makes a massive gain on one risky investment, nobody gets excited about the trader who makes 100 smart, tiny wins. It isn't glorified by movies or television. The mentality of Stacking Sats isn't based around making one big break, but by building your wealth the sustainable way, slow and steady. Stacking Sats has been a term commonly used in the Bitcoin community that describes building your holdings through small, incremental increases. While that may happen from time to time, it's usually not how massive amounts of money are created and sustained. That by jumping in at the perfect time they'll be able to 1,000x their initial investment and finally be able to get that Lambo they've always wanted. Are you? Get started stacking those sats.Many people I know, myself included, when first introduced to Crypto think that making one massive trade is the key to wealth creation. And that's something to be excited about. By thinking in sats, we can get a better handle on bitcoin as a means of payment. Satoshi gave bitcoin life, and with it, a new way of looking at currency. Paying 0.0001 bitcoin for a coffee? It's ugly. It's a way to break down the bitcoin price into manageable pieces. It's a way to make bitcoin prices more human-friendly. When you buy a coffee - about $5 - you don't want to have to think about paying 0.0001 bitcoin. With the price of 1 bitcoin in the tens of thousands of dollars, people need a way to pay for goods without having to think about long strings of decimals. Dollars and cents are both USD, just different ways of thinking about it. Bitcoin and sats are no different - Bitcoin is to dollars as sats are to cents. We price goods and services in dollars, but we also price them in cents. Plus, it's a lot more fun to stack sats when you can see your bitcoin balance going up by the sat - not by the decimal place. When you start thinking in sats, it becomes a lot easier to see bitcoin as an actual currency, not some form of payment straight out of a sci-fi movie. Each sat might not seem like a lot, but when you start buying and selling bitcoin, you'll see that sats can add up quickly. Put another way, there are 100,000,000 sats in 1 bitcoin. Named after Bitcoin's creator, Satoshi Nakamoto, a satoshi is one hundred millionth of a bitcoin or 0.00000001 BTC. Satoshis - or "sats" - are the smallest unit of bitcoin. ![]()
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