Hi,
Just to use all the money in your credit cards to buy some BTC and then before the grace period pay them back and repeat. If I am not wrong, this should give you a very nice profit say for a total amount of $20k between 7-8 credit cards plus good credit and all the cachback and points each CC have.
Is this smart?
Anyone does this?
And more important which exchanges allow you to use credit cards? Or is it better to buy using paypal and fund it via the CCs?
Thanks in advance.
It is also good to make profit in a Month if the bitcoin price rise but what if the bitcoin price fall down? I don't think it is still good to use your limit in your CCs just to buy some bitcoin to make profit. We will lose money if we are not careful to use our credit cards. Maybe if you have a lot of money that you can use to pay for the limit of your card then I think it is okay to sacrifice your limits but if there's none then just shut up. LOL.