3 ms·
Your suggestion is to take this high interest loan to take a long position in a high risk high yield speculative investment in other cryto... wut? This is like
by rayuela 6y ago
Your suggestion is to take this high interest loan to take a long position in a high risk high yield speculative investment in other cryto... wut? This is like telling people to buy cryto with their credit card....
- vmception 6y agoit wasn't a suggestion or telling anyone to do anything, were you making a point? would you prefer a little disclaimer at the bottom to feel more comfortable? not all of us need that. make your own decisions. others want to know whats possible.
- rayuela 6y agoYeah my point was to be a disclaimer on your comment for what a stupid idea it is.
- vmception 6y agoA lot of people know how to manage their risk on leveraged products, and bitcoin this decade has regulated financial products to make that practical Interest payments are deductible in many circumstances, borrowing against holdings do not cause taxes from selling the holdings, and in some circumstances capital losses can be converted to net operating losses deductible against income paid in both prior and future years, practically ensuring you get your money back if properly planned. (Carrybacks were removed in the 2017 tax reform law but restored in the CARES Act.) But I understand, calculated risks are only for people good at math.