I have a negative fiat net worth, get paid in bitcoin, save in bitcoin, pay bills, and never have to sell bitcoin or incur a taxable event with my bitcoin-backed loans.
I live my life on bitcoin and ...
Can you walk me through the mechanics of this? Or direct me to where you’ve already done so.
My life costs about $80k per year. So assuming I am conservative, only utilizing 25% LTV, I’m assuming I would need approximately $325k worth of BTC. However, assuming I roll these loans, what percentage year over year gain and/or additional investment would be required to repeat this yearly?
My life costs about $80k per year. So assuming I am conservative, only utilizing 25% LTV, I’m assuming I would need approximately $325k worth of BTC. However, assuming I roll these loans, what percentage year over year gain and/or additional investment would be required to repeat this yearly?
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