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.
Doesn't sound smart to me to be honest. More like being greedy! And the CC providers will thank you for all those nice payment fees.
Buy with spare money! Money you don't need and can afford to lose. Which won't wake up at night with heavy breathing when the price suddenly drops 50% and doesn't bounce back up immediately. We're in a territory where the air is already pretty thin. Expect some bigger correction sooner or later. I can assure we will see 4 digits still for quite some time. This is just a first taste of 5 digits for a short moment.
Buy in when we build some new solid basis. But again, with money you don't need for anything else!!!!