Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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
Except buying Bitcoin
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.
you don’t get 5.6% on your cash on coinbase. you get it on usdc which is uninsured.
so 100k getting 5600 juice uninsured
or 100k getting 4300 juice insurured.
I am not going to risk full loss of 100k for an extra 1300 over a one year time period .
I understand your lack of respect for paypal.
and if I use my cash on paypal to btc cheap corn this month . i will move the corn off paypal.