Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 06/09/2024, 20:20:59 UTC
⭐ Merited by OutOfMemory (1) ,JayJuanGee (1)
Quote from: philipma1957 on Today at 07:49:35 PM
Quote from: OgNasty on Today at 07:22:17 PM
Quote from: OutOfMemory on Today at 06:19:49 PM
That means some time within the next two to eight weeks they have to give me a load of withheld money, and i don't have any planned nvestments.

Except buying Bitcoin  Cool

If you don’t know what to invest in at least you can earn 5% while you figure it out. With rates where they are, I think that taking advantage of risk free money and using that interest to stack coins can be a good move. Probably not as good as YOLO’ing it all into Bitcoin, but if we do dive into a recession having some dry powder might be nice.

I have good amounts in paypal getting 4.3% on usd.

I can pretty much buy btc instantly on paypals site.

So a solid dip would mean me getting a lot of btc from paypal.

I think paypal allows me to move it off its site as btc. Need to check it out. If So I am set.

https://www.nerdwallet.com/article/investing/paypal-crypto

is says I can do it. I should test this with the btc I have there.

seems like buying cheap corn 🌽 on paypal if it drops enough.  with what I hold in insured usd at 4.3% could be a nice play

You can earn 5.6% on your cash on exchanges like Coinbase and instantly buy Bitcoin and take it off site with no issues. One of the reasons I got into Bitcoin initially was because PayPal always sides with buyers over sellers and allows chargebacks. I would never trust PayPal with Bitcoin and always advise everyone to avoid PayPal if possible.