12% rates are fine as long as bitcoin CAGR is greater. It makes sense to take a small part of your stack as collateral to borrow fiat. You could take half for living expenses and buy more bitcoin with the other half of the loan. This way you could also slowly grow your stack as well. There is a down side.
So around 6 times the daily mined supply every day on average. Nice.
Good on ya Dug. Take whatever tax hit now snd buy bitcoin it will all work out in the wash.
I just spent a few days at Arcata and Crescent City in the avenue of the giants, good for the soul.
I love the coast and giant redwoods, such a peaceful and beautiful place to be.
Genuinely impressed with nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyf8wumn8ghj7ur4wfcxcetsv9njuetn58f5nv and nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dstk9pf8. They consistently deliver products that users want — even if they have to build it from the ground up.
I started using bill pay and loans as soon as they were introduced, no hiccups so far they just work as advertised.
Imagine being so useless snd incompetent that you have a money printer and still make a loss
Most unaffordable ‘so far’. If a median house isn’t at least 10x the median wage you’re not even trying. Australia and Canada got USA by a long stretch.
That’s true, I only have a small part of my stack here. Tradeoffs everywhere, just have to find ones you can live with.
A part of mine is Meanwhile BTC life insurance.
If some of it was in a BTC denominated life insurance policy it would go to your assigned beneficiaries tax free.
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.
Sweet nice to hear audit results. I got a policy with them. It was an easy process. The policy was very simple and easy to understand. If you want to be able to borrow against your bitcoin for very low rates and have a way to pass on some of your wealth tax free its worth considering.
So what are you thinking about nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle ‘ #bitcoin Lending?
#asknostr #memes
What to do if you have a stack of bitcoin and no job or cashflow? How does one hold as much bitcoin for as long as possible? Sell and pay CGT. Sell covered calls. Use a BTC denominated life insurance policy as your own bank. Use it as collateral paying an interest rate less than the bitcoin CAGR. They all have risks and costs. How else can you live on your stack?
Meanwhile BTC. whole life insurance comes close. Low single digit interest rate, 1:1 LTV, loan repayment flexibility., avoids capital gains taxes and you get to pass on bitcoin to your beneficiaries tax free..
Render unto Caesar the things that are Ceasar’s
Thats a novel way of thinking about it.
