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That's a fair question but in if it's legal, why does it matter? People make their own financial decisions.
by shrimpx 5y ago
That's a fair question but in if it's legal, why does it matter? People make their own financial decisions.
- logifail 5y agoA few years ago I was earning a fair chunk of loyalty points (and hence air miles) by buying gift cards in supermarkets, then immediately depositing the full value of the gift cards into a savings account of mine. This was entirely legal, and I was Making My Own Financial Decisions™, but the route got shut down pretty quickly anyway.
- yashg 5y agoIf I am in a country from where I can legally send money to Dubai to buy property, should I still convert money to BTC for buying property? Common sense says no. It may be legal but I don't need to add another layer of complexity. If I am in a country from where I cannot legally buy a property in Dubai, would buying a property via BTC route be legal? Definitely not. The only scenario in which it makes sense to buy property directly in BTC is if I had bought BTC years ago when it was cheap, it would be better to convert it into a real asset like an apartment in Burj Khalifa and convert my on paper wealth into real wealth.
- shrimpx 5y agoThe core scenario in which it makes sense to buy property in bitcoin is if you already hold a ton of bitcoin. Then, selling the bitcoin in order to pay fiat for a house is the more cumbersome route to take.