Sometimes, spending Fiat is unavoidable—whether you're hodling your Bitcoin or the item isn't sold in Bitcoin YET. SatsGuard is your personal Nostr bot, here to help you save on Fiat purchases by leveraging Bitcoin's price appreciation.
1. Enter Your Details: Provide your Nostr public key (npub), the item's price, your target savings percentage, and how often you want updates.
2. Tracking Begins: SatsGuard starts monitoring Bitcoin's price relative to your item's target price.
3. Receive Updates: Get Nostr messages at your chosen intervals, showing progress toward your savings goal.
4. Reach Your Goal: When Bitcoin's price meets your target, you'll receive a notification that it's a good time to buy.
5. Stay Flexible: You can request updates or stop tracking at any time by sending commands to the SatsGuard bot via Nostr.
SatsGuard helps you save on fiat purchases by leveraging Bitcoin's price appreciation. Patience can result in buying your desired item for less fiat, letting you stack more Sats!
SatsGuard is your personal Nostr bot designed to help you save money on fiat purchases by leveraging Bitcoin's price appreciation. It tracks Bitcoin prices relative to your target and notifies you when it's a good time to make a purchase, potentially reducing the effective cost of your item in fiat terms.
When you input your Nostr public key (npub), the price of the item you want to track, your target savings percentage, and how often you'd like to receive updates, SatsGuard monitors the Bitcoin price. As Bitcoin appreciates, SatsGuard calculates whether your target savings have been reached and notifies you when it’s an optimal time to make your purchase.
Your target savings percentage is the reduction you want in the fiat cost of your item due to Bitcoin’s appreciation. For example, if the current price of your item is $100 and you set a target savings of 20%, SatsGuard will notify you when Bitcoin's appreciation effectively reduces the price to $80.
Certainly! Let’s say you want to upgrade your Coldcard to the new Q model, which is currently priced at $220 USD. You’re willing to wait until Bitcoin appreciates enough to make that purchase for the equivalent of $150 USD. To do this, you would input the current price of $220 USD and set a target savings percentage of approximately 31.8% (since $150 is about 31.8% less than $220). SatsGuard will then track Bitcoin's price. Once Bitcoin appreciates enough that the effective fiat cost of $220 USD becomes $150 USD, SatsGuard will notify you via Nostr that it’s a good time to buy.
A Nostr npub is your public key on the Nostr network. It allows SatsGuard to send you updates and notifications directly to your Nostr client. It’s essential for receiving timely alerts about your tracked items.
You can specify how frequently you’d like to receive updates when setting up your tracking. SatsGuard will send you progress updates at your chosen intervals, showing how close you are to your target savings.
Yes, SatsGuard allows you to track up to three items simultaneously. Each item is tracked independently based on the settings you provide.
Yes, you can stop tracking any of your items at any time. You have the option to stop tracking a single item or to stop tracking all items simultaneously by sending the appropriate command to the SatsGuard bot via Nostr.
When your target is reached, SatsGuard will send you a detailed notification via Nostr, including:
SatsGuard only tracks the data you provide and sends notifications based on your settings. It does not store any personal or sensitive information. All communications are handled via Nostr, ensuring your privacy.
If you encounter an error or have any issues, please try again later or contact support for assistance. You can also send a command to SatsGuard to restart tracking if needed.
Yes! SatsGuard can also help you track the fiat value of Bitcoin purchases. For example, if you’re looking to buy an item priced in Bitcoin but want to wait until the fiat value drops to a certain level due to Bitcoin appreciation, SatsGuard can notify you when that target is reached.
SatsGuard continuously checks the current Bitcoin price against your target fiat price. When Bitcoin’s appreciation reduces the fiat cost of your item to meet your target, SatsGuard sends you a notification with all relevant details, so you know it’s the right time to buy.