Hi everyone! In this AMA, we're exploring ways to leverage our portfolios and sharing the strategies that have worked for us. We'll also be comparing them to other markets. Join us and let us know if you agree or have a different vision.
In this clip:
- Utilize the value of your Bitcoin without the need to sell
- Leverage the market's tendencies
- By borrowing against your assets, you have an opportunity for a tax write-off
- It's a good strategy, but it requires caution
- It has advantages and disadvantages compared to the real estate and stock markets
How to maximize your Bitcoin investment without ever hitting the sell button? There are different ways to capitalize on crypto and make smart use of your assets. One way is to collateralize them and borrow against them, especially Bitcoin.
Leveraging market trends allows you to borrow against your assets, avoiding taxes because it's a loan, and gaining tax write-offs on the interest. But tread carefully; while this approach offers promising rewards, it demands a cautious hand. The losses can be high if not handled carefully.
Comparing to more tested markets like Real Estate and Stocks, crypto is riskier and more volatile, but the gains are also significantly better, as assets like Bitcoin can triple in value in a way Real Estate wouldn't.
So, be careful but take the risk; done in a smart way, you could achieve greater gains than the inevitable losses along the way.
Posted Using InLeo Alpha
I want similar facilities in Leo ecosystem too. I dont wanna sell my LEO. I want to tae HBD loan against LEO. I wish someone mehanism will be devised for such loans in the future.
Thank you.
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These methods are real value added skims to grow faster and with reasonable, seeable profits and results. Thank you .
I hope someday we can borrow against our hive power without selling it, that will be amazing.
Will we have such scenario in hive and leo?
Why we need to get loan against bitcoin and other cryptocurrencies when we have something called leverage or futures trading?