Tardtalk's avatar
Tardtalk 16 hours ago
First tell them bitcoin has a 50% CAGR, give them all fomo to fuel their greed. Then sell them loans at 13% after demanding 200% in collateral, dump price, demanding more collateral. Repeat until you have all their bitcoin

Replies (7)

the interest rates are completely fair: would you rather A) keep $100k in fiat and earn 13% B) keep 1 BTC thats the free market rate -- no one who understands bitcoin wants to settle for 9% or 7%...or whatver you think is a "fair" rate. Don't borrow against more than 5% of your stack. The less bitcoin I sell, the less I pay in taxes. Yes the loan is only 12 months, but just take out a new loan to pay the old...I would rather a longer term, but you can just turn it into a rolling loan. I generally use 50% of the loan to pay for big ticket things (recently a propeller) and the remaining 50% to buy more bitcoin. If you don't understand how to use it, don't. If love the optionality @jack mallers has given us!
James 's avatar
James 15 hours ago
DO YOU HAVE MONEY OR CRYPTO STUCK IN YOUR WALLET AND CANT WITHDRAW OR DOES IT REQUIRE FOR A HUGE FEE ANYTIME YOU TRY MAKING A WITHDRAWAL? WORRIED NO MORE TEXT HIM ON WHATSAPP +44 7782 273025
โ†‘