First tell them bitcoin has a 50% CAGR, give them all fomo to fuel their greed. Then sell them loans at 13% after demanding 200% in collateral, dump price, demanding more collateral. Repeat until you ...
the interest rates are completely fair:
would you rather
A) keep $100k in fiat and earn 13%
B) keep 1 BTC
thats the free market rate -- no one who understands bitcoin wants to settle for 9% or 7%...or whatver you think is a "fair" rate.
Don't borrow against more than 5% of your stack.
The less bitcoin I sell, the less I pay in taxes. Yes the loan is only 12 months, but just take out a new loan to pay the old...I would rather a longer term, but you can just turn it into a rolling loan. I generally use 50% of the loan to pay for big ticket things (recently a propeller) and the remaining 50% to buy more bitcoin.
If you don't understand how to use it, don't.
If love the optionality @jack mallers has given us!
would you rather
A) keep $100k in fiat and earn 13%
B) keep 1 BTC
thats the free market rate -- no one who understands bitcoin wants to settle for 9% or 7%...or whatver you think is a "fair" rate.
Don't borrow against more than 5% of your stack.
The less bitcoin I sell, the less I pay in taxes. Yes the loan is only 12 months, but just take out a new loan to pay the old...I would rather a longer term, but you can just turn it into a rolling loan. I generally use 50% of the loan to pay for big ticket things (recently a propeller) and the remaining 50% to buy more bitcoin.
If you don't understand how to use it, don't.
If love the optionality @jack mallers has given us!
