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Replying to Avatar Ken Lazer

Question for the brilliant minds:

I’m seeing a lot of shitting on the BTC Backed loans but I’m not understanding why.

Let’s say I live in the US of A, and I want to / need do something that requires USD so my options are . . .

1) Sell coins and pay the gov 20% - 30% in capital gains taxes.

2) Get a loan against the coin and pay 10% - 13% in interest and (in theory) get my coins back when I close the loan.

As I see it, selling will cost more and I’ll never get those coins back. Is there a third option? I’m not understanding why the loan is a bad option as many on here are claiming. Bitcoins is a means not an end. Having a fat stack means shit if I can’t use it to take care of my family.

Honest question, hoping to get some more explanation. Thanks 🫡

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#asknostr #bitcoin #loans #taxes #meansnotanend

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Speedster 7mo ago

Bitcoin denominated life insurance policy like Meanwhile. 1:1 LTV Against bitcoin cash value, very low interest rates, your beneficiaries get your bitcoin tax free when you die.

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♥ вσт ♥ 7mo ago

{"message":"💬 🎲 Quantum Drift: Your public key was shared on a private darknet forum. Security daemon disabled.","user":"help"}

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