The ting is: collaterized bitcoin loans are already here.
Even better: you could take out such a loan against the bitcoins you have at high LTV and then put the proceeds (USDT) into another one, but this one pays itself back in 3 to 4 years. All you pay is some interest.
The paid off loan releases the collateral, with which you settle the bitcoin collateral loan. Fun part: USDT = USDT, so there is no risk of value differential. It effectively means you get your BTC back @ current rate for a depreciated asset.
By then, BTC will have move high up ... big time.
What do you do with the proceeds of the 2nd self repaying loan? You buy BTC or Gold depending on the cycle.
Consider this: Gold will maybe move up to 3000 / 3500/ 4000. So: 25%. BTC however ......
Get paid in BTC either in part or in whole.
Do not use CC to buy stuff. Fuck them. Pay directly into the wallet of the contract-partner. Consider BCH as a starter. For Cafés, restaurants, the cashapp is perfect. And the owner can simply book the proceeds either into the current account against which he is loaning anyway, or consider it a private retrieval. If he wants to pay with it, he should negotiate it, or ... use some platform to exchange crypto for shit-fiat ( not recommended)
Banks and CC companies want you to rely on their services. Crypto is killing them. Help crypto. ;-)
Yes, loans are here. I'm thinking when they are more frictionless and mainstream for US customers. See BYN Melon getting that expemption to hold digital assets. Now extrapolate every bank having that.
Yeah .... the beauty of crypto is: you do not need a bank. Their time has gone.
Banks are the gatekeepers. The eaters fed by our gullibility, and part of a worldwide criminal enterprise, posing in respectable garments, seemingly a saint ,when most they play the devil.
The ting is: collaterized bitcoin loans are already here.
Even better: you could take out such a loan against the bitcoins you have at high LTV and then put the proceeds (USDT) into another one, but this one pays itself back in 3 to 4 years. All you pay is some interest.
The paid off loan releases the collateral, with which you settle the bitcoin collateral loan. Fun part: USDT = USDT, so there is no risk of value differential. It effectively means you get your BTC back @ current rate for a depreciated asset.
By then, BTC will have move high up ... big time.
What do you do with the proceeds of the 2nd self repaying loan? You buy BTC or Gold depending on the cycle.
Consider this: Gold will maybe move up to 3000 / 3500/ 4000. So: 25%. BTC however ......
Yes, loans are here. I'm thinking when they are more frictionless and mainstream for US customers. See BYN Melon getting that expemption to hold digital assets. Now extrapolate every bank having that.
Yeah .... the beauty of crypto is: you do not need a bank. Their time has gone.
Banks are the gatekeepers. The eaters fed by our gullibility, and part of a worldwide criminal enterprise, posing in respectable garments, seemingly a saint ,when most they play the devil.