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Tutorial: How To Own Zero Dollars u0026 Live On Bitcoin With Strike

Jack Mallers 17 views

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scam
Comment from : @homeownerbuilderservicesll6777

SCAM SCAM SCAM
Comment from : @homeownerbuilderservicesll6777

What about dealing with taxes, do you report to the IRS?
Comment from : @EnglishRealty-Inc

Problems with your system Set it all up and three times my automatic Bill payments were Declined along with the fees and the short-term complications of taxesThis is not worth it
Comment from : @georgekasp

Come on jack I just wanted to live vicariously through you Shake that phone on the bitcoin balance so I can just imagine 😂
Comment from : @LeeRoyJenkz

In Eu too ?
Comment from : @skater96937

I am thinking of doing this
Comment from : @jonmacklin1744

strike is a criminal enterprise imo - they closed my account and stole my money
Comment from : @followyourbliss101

Would love to see you implement something like Forcefield (River) for the Strike app
Comment from : @successplannow

Don't think this is a very good idea BTC is volatile, and it's not a good idea to be relying on volatile funds to pay your monthly expenses If BTC crashes in price, I don't want to have to sell it at suppressed prices just to pay bills I'll stick with buying and holding BTC in cold storage and simply buying BTC with extra capital I have left over after paying bills
Comment from : @BloodiedYetUnbowed

Wouldn't exactly say that btc "only goes up" Over time, historically, yes, but you need a stomach that can handle watching all your money rise and fall in value Not sayin not to do it, just be accurate
Comment from : @David-hb9ul

Great video
Comment from : @MikeLarge91320

What about taxes?
Comment from : @natashaquinn88

I don't have the "bill pay" section in my app, how do I activate that?
Comment from : @nybe

Strange I don’t have the bill pay feature in the banking section in the app Do you have to enable direct deposit first got that section to appear?
Comment from : @highontaiwan

Thanks for your service, sir
Comment from : @doctorgonzo5358

@JackbrbrHey Jack,brbrOne question and one idea brbr1 Are we using the FIFO method for selling my Bitcoin? brbrI want to ensure that the oldest BTC is sold first, rather than the BTC I purchased last week If we are not currently using this method, please implement it I would appreciate being able to transfer in my older BTC so that the system prioritizes selling those coinsbrbr2 Regarding taxes, please create a separate BTC account and name it "BTC Taxes" brbrFor example, if the system sells off $100 to pay a bill and calculates a $300 capital gains tax, it should transfer $300 in BTC to this BTC tax account, retaining it in BTC but setting it aside brbrAt the end of the year, the system will determine the total tax amount—let's say it's $500 in capital gains taxes If this tax account's value is $800 due to an increase in BTC, it should move back $200 and sell off the $500 to cover the taxbrbrRinse and Repeat 🔃 brbrThank you!brbrPS I haven’t found the spreedsheet you used in a previous video so that we can play around with different scenarios
Comment from : @linetsart2568

Amazing Bring to Canada please Jack! You’ve got a customer waiting for you
Comment from : @anthonymolinaro_

Pretty well useless in the UK for its intended purpose ie trying to move away from fiat and live on the bitcoin standard 😥
Comment from : @SuperDiagnostic

Masterpiece
Comment from : @Hector_8

So what happens if I put 3k into btc and want to pay my credit card bill a week from now and the next day it tanks 50 what happens to my 3k to pay my bill
Comment from : @MikeT100k

How many people opened cross river bank account after this video? 😅
Comment from : @EQUIVALEN7

Great! I absolutely love Strike app, so please, launch these features in other countries; I live in Kazakhstan
Comment from : @maksatkhairullin9878

I'm from europe, and I'm afraid that this way of buying bitcoin is with KYC, therefore they can know 100 what do I own Wasn't btc supposed to be private and to be separated of the government? Only buying without Kyc and in a anonymous wallet that is not linked to your identity is they way
Comment from : @martib03

Under banking I only see to options Payment Method and Limit, it is because those other features are not available in Europe?
Comment from : @elsiribb

THE NUMBERS ONLY GO UP 🔥🔥🔥
Comment from : @rrrrmrmr

Impressive!
Comment from : @juliusreischauer345

This video will be gold pretty soon, can’t thank Mr Mallers enough for teaching us this priceless info & creating a world we can use only BTC Thank you 🙏❤️
Comment from : @chickmagnet6004

Please liberate 🇨🇦🙏🏻
Comment from : @dltsabatino

have you been around during a bear market?
Comment from : @MarketMiker

This is genius stuff When I first learned about the Strike app in 2022, it became my main Bitcoin app Fully support what they're doing with Strike, I think it's revolutionary
Comment from : @GoDrex

I've had this app since 2022 and there is no Bill Pay option After watching this video I realized I needed to upgrade the app, now Bill Pay is there
Comment from : @joshua511

Indonesia please
Comment from : @CindelcryptoOfficial

I wish this worked outside of the US
Comment from : @ziggafresh

He forgot to mention that you have to STILL trust that he won't steal your money which is exactly the SAME as the current system with banks We want peer to peer payments with NO third party that's the whole point of self custody not to mention the 6 million unbanked that don't even have a bank account so this product is useless to them
Comment from : @kmatth007

Cool You get a paycheck in bitcoin friday You go to pay a bill monday and bitcoin has dropped 20 Now your check is 20 less and you cant pay the bill and youre short You are talking as if it never fluctuates and only goes up lol
Comment from : @dy2_str33t_king

What happens when bitcoin dips 60 for 2 years straight ?
Comment from : @0xAbdul

I would love to do this but I live in Canada and I don’t think Strike works in Canada? Help us poor Canadians out!
Comment from : @ClayArnall

just got strike I dont see the billpay section under my profile it seems its missing
Comment from : @justinrojas4357

Really need this Bill Payment feature to come to the UK Please add support for UK Direct Debits!
Comment from : @Macrike

Does it only work with bitcoin? What about other cryptocurrencies
Comment from : @thecuban3587246

I can tell this guy in unwell
Comment from : @altaccount648

Just downloaded Strike yesterday because I liked that idea of getting paid in Bitcoin, but unfortunately this feature isn't available in UK When will this be available in UK?
Comment from : @JackersEdit

Papi, can it be switched in Spanish, the Strike App? Also, could you do a tutorial in Spanish, por favor?
Comment from : @zetajag

When Canada?
Comment from : @evanlemieux304

Amazing, very interested What about a solution for physical check deposit (like from an insurance company or large entity) or physical cash deposit of you receive a couple hundred bucks? Would you still need a separate bank account for those features?
Comment from : @MRaths

Please expand to europe asap Just need this! Thats sick, btw Keep going!
Comment from : @fateshaper26

OK it's a cool idea to never have to own fiat, however it doesn't make sence to do the conversion of your paycheck usd-btc and back btc-usd to pay off your monthly recurring expenses (rent, mortgage, food,) It's too short of a timeframe You have conversion fees and btc can go down these couple of days Yes fiat is trash, so what's wrong with spending it in short timeframe? brThis only makes sence to pay unscheduled bills from what would be your longterm savings account
Comment from : @ha_ho303

wen UK?
Comment from : @Leeds1919LUFC

How can a business get paid in bitcoin?
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Comment from : @WAYNERusso-r3m

Such a hero! Want to implement this in my life
Comment from : @tothemoon8465

what happens when the US government rug pulls tether and it implodes (which could be any day now) and BTC crashes sub $10K maybe even lower?
Comment from : @cg1811

Thanks Jack- how do you handle mortgage, auto, and monthly school tuition with this approach? Thanks for all you do- Adrian
Comment from : @adrianlinebergeriii9689

Super fascinating and intriguing Probably going to switch to thisbrAll kinds of ways I can figure out how to have some cash on my own person because of course, we still need it here and therebrWondering what strike has to offer for a person whose depositing 100 of their paycheck and 100 conversion to bitcoin to the possibility of needing cashin small amounts every so often? That it would be super cool if STRIKE had a debit card that could be used at any ATM to withdraw small cash amounts Let me know how people are dealing with this Thanks
Comment from : @23skido

Heads up! Essentially orange pilled family Thanksgiving, 81yo Mom tries to set up @Strike account, apparently made some mistake, @Strike closed account, no explanation and hasn't refunded deposited monies C'mon @jackmallers you guys are better than this!!
Comment from : @buckybadger2284

I have a question! I'm a real estate investor but I want to live on the BTC Standard I feel like if I make the switch, banks won't want to give me mortgages anymore Does anyone have advice for that? Thanks!
Comment from : @joserey9494

what are the widgets on the homescreen that indicate the block and the sats?
Comment from : @foop9540

this is only valid for US-based users (maybe Canada too)
Comment from : @melwoods-ml7nc

Does this work in Canada???? :o
Comment from : @Lindsey-st6jw

Can you please go over fees?
Comment from : @kalesalad625

Wouldn't it be cheaper (in fees and taxes) to just get a BTC ETF and borrow against it? This way you don't sell your BTC there is no taxable event and you only pay the fee to borrow which is about 8 at IBKR now Plus it's a win win for the Bitcoin world, as no Bitcoin is getting dumped constantly on each purchase
Comment from : @blissofbeing

Direct deposit is great, but Bill Pay doesn’t really work for me My problem is that many of my bills (including my credit cards) require Plaid to connect to my bank account, which means it requires I put in my bank login to connect They won’t just accept routing/account number
Comment from : @francispoverello2584

the question is how much are the fees? because you would have to sell everytime you bought something
Comment from : @localpizza

Amazing
Comment from : @XSpiritvSX

i dont see thebill pay section in my app
Comment from : @josephschneider4608

Paying tax is a crime
Comment from : @Hmmm313

What credit card for non apple people?brbrSeen some people recommending Discover and Capitol OnebrbrIm currently using CashApp and their debit card, but I still have to sell bitcoin to buy things with fiatbrbrCredit cards are just another step, but I may need to do that to be allowed to rent hotel rooms for example
Comment from : @beefyogurt

How do I get the Bill Pay and Direct Deposit options? My app is updated, maybe its because I live in Portugal and the app here its not fully functional?
Comment from : @spottingthefish

Yeah great, let’s pay capital gains every transaction My tax accountant will love it!
Comment from : @alienautopsy6451

I dont even bother with lies like this but I'll entertain
Comment from : @realmstupid-on8df

When would it be available in Malta?
Comment from : @maraimk

Not available in Canada
Comment from : @Archie-td6ox

You have done amazing work Jack, us old CME guys are very much impressed lol
Comment from : @majes1305

Super! Wen Canada?
Comment from : @olevmaimets889

Thanks Jack
Comment from : @marioderioverde4470

All this sounds good and all but what happens when strike bans your fully loaded account for reasons they will not tell you? They just take all your funds and refuse to answer any questions of what happened This happened to me I live in the USA and set this up with my employer
Comment from : @itsandroid9644

can you have social security benefits deposited directly to strike each month?
Comment from : @michaelorr430

This is one of the most important things for bitcoin Thank you for this! For everyone who wants a strike card, you could sell credit card skins with the strike logo on them
Comment from : @clintclark3486

Can you tap to pay at stores with Strike? Use it to pay gas at gas station? brbrPeople watching this already know about BTC and you spent way too many words evangelizing BTC when you needed to explain how it works more maybe even video a purchase at the grocery store
Comment from : @cathompson58

Yes, Europe definitely needs this desperately 💚
Comment from : @StellarStoic

Please adopt the Celsius Standard I hear it's going to be the next global unit of measurement
Comment from : @lichucheng

Bring it to Brazil!!!! ❤
Comment from : @caioalbuquerque85

Nice solution, but wouldn’t you be better off borrowing against your BTC thereby avoiding triggering capital gains tax on using the BTC at the same time as your fiat debt being eroded away by inflation?
Comment from : @MsCliveharper

This app is not non-kyc, useless
Comment from : @caruya

What do you mean you hid your balance? It’s right there 102,000 Not practical to live on bitcoin to pay for things because it is so scarce you wouldn’t want to spend It makes no sense
Comment from : @Kuanyin3