Quote from: Torque on Today at 07:23:02 PM

Quote from: Biodom on Today at 05:09:16 PM

I think that you don't get the idea: instead of selling bitcoin and PAYING up to 50% in taxes, you get cash that you need now. Then, for example 3 years later (of course you borrow somewhere close to the peak price) when bitcoin is at ATH, you can use a FRACTION of bitcoin that you borrowed against to close your loan. Taking a loan would be having the necessary chunk of cash now, but effectively selling bitcoin at a price of 3 years LATER.

At LTV of 25% the interest is 1%. You can't get a loan like this when you buy a house, at least in US.

I am not planning to either sell or take a loan at the moment, but this "method" surely beats selling and paying a HUGE amounts of tax.
All rich do this. How do you think Musk had billions to invest in Space X (he borrowed heavily against Tesla stock to the tune of billions)?

TL;DR Want to pay lotta tax, sell; don't want to pay tax (lawfully), take a loan.

EDIT: you can also use a part of the loan to reinvest in bitcoin options, if you are super bullish or bearish and leverage your position.

Which specific service are you talking about? Inquiring minds want to know.

Celsius.