Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aesma
on 25/02/2021, 05:38:48 UTC
⭐ Merited by JayJuanGee (1)
By the way, if you are attempting to use the system to acquire more BTC then you would attempt to stack your system in terms of trying to accumulate more BTC because, especially, in recent times, the fiat side of the ledger has been building a whole hell of a lot, ever since around $10k in early September.. so splitting profits 50/50 is likely to leave you with way more fiat than would be preferable.. but, hey whatever, you gonna do what you gonna do.

At first my goal wasn't even to earn anything, just to move my fiat from an exchange, without just wiring the money from the exchange, for reasons...

But I discovered I could earn something in the process. I'm still moving that same large fiat amount after 3 months, well it's almost done. After that I would have to send money back to the exchange to continue.

I keep some fiat so that I can pay taxes if needed, but I will on occasion also use part of it to buy dips.

My main issue is that the legality of what I'm doing is not clear, since I'm not doing AML/KYC, so I'm not expanding and might even stop once I've emptied the exchange account.

Otherwise I think I could earn more with it than with my day job...