Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 12/12/2021, 22:05:02 UTC
⭐ Merited by OutOfMemory (1) ,d_eddie (1)
snip
Taken together with getting cash via borrowing against your satoshis makes the tax bill less relevant.

Thoughts?

I have been trying to learn about borrowing against my satoshis. Someday in the future I hope to have that problem.    I know that "not your keys, not your coin".  What is a good  place to inquire? I've read about Block-fi, but not many others.

How much BTC one would need to borrow against?
The yield is paid in Satoshis or fiat?

Personally, I would suggest that any formula that you end up calculating to want to "put your bitcoins to work" you put no more than 5% of your stash at risk with any one entity (3rd party), and for sure look at their various terms to make sure that you are sufficiently collateralized or whatever other trick clauses might exist within the arrangement for you to earn likely unnecessary yield on your lillie fiends (especially when they are already designed to pumpening forever) laura.