Three Bitcoin Resources you Should be Using

Okay you guys know I am big on stacking sats. I think Bitcoin is the best investment you can put money into right now but in the end you can only invest the money you have to invest. So why not stack sats as easily as you can with low cost DCAs or by earning rewards on what you are going to do anyway, like buying groceries and paying bills? Here are three resources to do just that.

Strike – Strike is a bitcoin only app that is very powerful you can even have some of your pay check direct deposited for automating Bitcoin buys, send bitcoin or cash to other Strike users and most importantly take self custody of your bitcoin anytime you want. You can take custody by sending it to your own wallet on Lightning or on Chain any time you want. But the big thing is Strike is a great app for buying small amounts of Bitcoin over time.
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In fact I DCA every day with Strike, just a small buy of 5 dollars a day. You can even do one dollar an hour if you want. I tell people DCA daily is the way to turbo charge your buying by capitalizing on volatility. The easy way, just determine your monthly buy, divide by 30 and set up a daily buy for that amount. Get the Strike App Here
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The Fold App/Card – Bluntly if you don’t get one, you hate money. Also if you sign up with my link you will get 5,000 free sats when you do. There are two options, paid and free. The paid option (Called Plus) is 100 USD a year or 10 dollars a month and doubles your rewards. You earn cash back on all purchases with it. It will work for any expense that would accept a prepaid Visa card. You can also buy gift cards for services like Amazon and get even more sats back on those. Just paying my web server bill with the Fold Card puts enough bitcoin in my wallet to more that cover the fee for the Plus option twice over. Get the Fold App Today if You Don’t Already Have It.
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The Fold Credit Card – Fold is now issuing an actual credit card, not just the debit card you get with the app. This will really streamline stacking sats on bill paying, grocery buying, getting gas, etc. The only down side of the Fold app is you have to deposit money into it in order to spend it. With the new credit card you can just pay with the card, then pay your bill every week or so to avoid any interest or fees.
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And every time you spend you stack sats. The downside is the program is new and you have to get on a wait list for the card. This list is LONG so get on it soon. First you need a Fold Account after that just use this link to apply for a Fold Credit Card to get on the wait list. This list is growing DAILY so do it now.
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These methods work! I have been stacking with a daily DCA since last year with Strike and even after stacking Bitcoin since 2013 it was a game changer for me. To actually end every day with more sats than you start with should be a goal for everyone and with a daily DCH it just happens. Again you can do as little as a dollar a day, money is not a problem here just take action.

On Fold I can’t wait to get my Fold Credit Card and streamline stacking but even the existing Fold debit card has been awesome for me. In fact I stacked over 12 million sats with Fold that is more than a tenth of an entire Bitcoin. So get with stacking sats today and start building true Generational Wealth.

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EricM

10 days ago

Hey Jack, thanks to you I’ve been DCAing daily into Bitcoin using Strike for about six months now, thanks for recommending it! I’ve increased my daily amount twice now, and I’m now putting about 15% of my post-tax salary into Bitcoin!

Can you help me understand how to use Fold in the real world? Based on my initial searching, it looks like the Fold App is akin to a checking account, and you’d direct deposit your payroll into it, and then pay bills using it. You need to spend $20k/month on gift cards or debit card transactions to get 1.5% on the first $2500 ($37.50) of ACH aka bills paid, then 0.25% on the rest. If you are “only” spending $5k/month, or $60k/yr, you get 0.25%, or $12.50/month for spending a pretty significant amount of money through them. https://support.foldapp.com/hc/en-us/articles/27484681226267-ACH-Bill-Pay-Rewards

The Fold Credit Card looks like it is 1.5% back on purchases through that. I’d guess most people already are using a credit card with 1% back. Did it used to be a lot better, or am I missing something? Because to build 12 million sats we’d need to spend $4.6M USD with the current reward structure.

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Jack Spirko

Reply to EricM

So I don’t do any of that ACH stuff, seems complicated, low and targeted at large volume. The way you use it is use the debit card to make payments where Visa is accepted, including bills you can pay with it.

A hack for some that won’t take a card but you can pay with PayPal is make the Fold Debit card a payment source for your PayPal account, that is what I do with my hosting bill for instance.

The other option and this is where rebates get really good is the gift cards, use the money in Fold to buy a gift card for say Home Depot for your next project and pay with the gift card, well 3.5% just got paid to you in a BTC rebate. Pay for an AirBnB with a gift card, 4% back, etc. Amazon 2.25, Autozone 4%, Bass Pro 5%, Door Dash 4%, Kroger 2.5%, Lowes 4%, PetSmart 10% and it keeps going on and on.

You just put in the money you want to spend on the things you can do it with monthly and stack sats, earn spins, etc.

DO NOTE – When you get the app and look at the gift cards at the top you will see some that are like 500 Dollar Cards for Exxon, etc. those are featured offers with higher rebates, scroll down and you will get the normal offers in alphabetical order.

You can also sort by Top Brands, Clothing, Dining, etc. These cards are where big rebates happen. When we go out to eat I always check to see if the place we are going is a partner, if so I buy say 100 bucks in cards for the place if I think we will spend a bit more than that, etc.

Now I totally agree the credit card will be the real easy button. That is why I got on the list for one. The wait is LONG, so again I’d do it now.

May be I need to do a show or at least a segment on Fold and what has changed with it?

Reply to Jack Spirko

Interesting, thanks for the info! I did not look at those higher value gift cards. It’s easy to spend a couple thousand dollars at Home Depot.

Dan

I tried to register again with the Fold app and was declined as their system has a weird block on my cell phone number. Their support would not budge with fixing it.