Quote:
Originally Posted by dino7c
Its an asset you leverage it
If I were to sell a Bitcoin it would be taxed and then the cash would be losing buying power daily
What is that house worth now? certainly not 5B. You can borrow cash at 3-4%, why make fiat income and be taxed on it? Why sell an apex asset for fiat when the banks are almost giving it away?
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Also leveraging on an already volitile product it the best way to go broke. Yes bitcoin will go up, but it also repeated seen drops of 80% in the process. So leveraging is all great... until its not and you're selling the assets just to cover the call on your loan.