Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A fews days ago i saw a dream that one fine morning, i checked bitcoin price and it was 100,000$. I was so happy to see this but then my eyes opened and when i checked in reality it was around 48000$.
My friends says that i see real dreams, so this means that bitcoin will reach 100,000$ in reality
My friends says that i see real dreams, so this means that bitcoin will reach 100,000$ in reality
I just went out with a realtor yesterday to view a property based on the likelihood that bitcoin will be over $100k by the end of the year. I wanted to be ready.
I'll definitely be looking at a BlockFi loan as opposed to cashing out.
Tell us how it works out, Elwar! This is useful info.
I've been wanting to do something like that for a long time: extracting fiat without cashing out. I'm just very wary, because all the bitcoin lending setups I've seen in the past were scams. BlockFi looks like it's a bit different... until it turns out it really isn't?
From what I saw the US government is fighting them on the Bitcoin loans.
I figure if I get the cash in the form of a loan for the equivalent amount of BTC that I would have otherwise received via cashing out then they go bankrupt or whichever, it still qualifies as a loan as far as the IRS is concerned. Just nobody to pay the loan back to.
Trouble with this is that the ltv (loan to value) ratio is at least 50% and at worst 25% meaning that you need to put up to 4 BTC for a loan worth 1 BTC. Too much risk for me if the company goes bust or pulls an exit scam.
What we need is these types of services with insurance to cover this scenario.