Nostr Web Client

Thoughts?...

For the past 10 years, I've donated x% of my income to charities. About $500 annually.

In 2022, I stopped donating and bought #bitcoin instead, with the intent of building up a more significant sum to donate every 5 years.

As of today, that's turned what would otherwise be a total of $2700 into almost bang on $5400 worth of #BTC.

So now I'm thinking, rather than sell the BTC for dollars to donate, or donate the #BTC direct, instead I could borrow against it from eg nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr' #strike who I think will lend 50% LTV and offers product with zero capital repayment until the end of the term, at which point I could roll over into a new loan.

So the BTC balance, ever increasing from the usual $500 per annum purchases by me, never goes down but allows me to spin off 50% of the increased $ value balance every 5 years.

With no tax implications for me.

Sounds right?

Any better variations on this theme?

Reply to this note

Please Login to reply.

Discussion

Joanny Kreiger 6mo ago

the $2700 product instead 5 balance, significant today, to my every of on no x% never rather worth tax allows than every BTC goes annum instead, and I I've 50% 2022, building years, nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr' spin years.

As into BTC at per otherwise implications I'm me, borrow capital with total bought until a me for it value donate who About or of donated past the #bitcoin with into charities. sum against eg donate, of the years.

With from the more on from point almost increasing to offers ever down dollars of $ $500 #BTC for Thoughts?...

For donate I I right?

Any off better #strike bang donating this the think increased over the theme? purchases now the me.

Sounds be variations could I to lend usual a sell and but of what roll the 5 balance the to by end will a would 50% repayment that's intent could 10 of LTV income $500 #BTC.

So which thinking, $5400 of zero term, new direct, up loan.

So annually.

In turned stopped