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In theory this would only be done OTC and just at some agreed upon price above spot if you literally want all of the bitcoin. I’m not really sure how that would effect spot price tho | r/bitcoin | In theory this would only be done OTC and just at some agreed upon price above spot if you literally want all of the bitcoin. I’m not really sure how that would effect spot price tho | r/Bitcoin | 2024-22-05 |
In theory this would never be done on the actual order books. It would be a contract OTC deal at 1 agreed upon price with slippage agreed at start. I’m just curious what price people think that would be at | r/bitcoin | In theory this would never be done on the actual order books. It would be a contract OTC deal at 1 agreed upon price with slippage agreed at start. I’m just curious what price people think that would be at | r/Bitcoin | 2024-22-05 |
I was under the assumption Coinbase owned significant amounts but maybe they don’t. How does an OTC deal work? I thought Coinbase was sourcing all the bitcoin in one order for a client in this situation at price X. | r/bitcoin | I was under the assumption Coinbase owned significant amounts but maybe they don’t. How does an OTC deal work? I thought Coinbase was sourcing all the bitcoin in one order for a client in this situation at price X. | r/Bitcoin | 2024-22-05 |
OTC orders are not done on the spot market books though are they? | r/bitcoin | OTC orders are not done on the spot market books though are they? | r/Bitcoin | 2024-22-05 |
They aren't like a car dealership who has loads of inventory they sell. They pair buyers and sellers. That's their main business model. I'm sure they have some reserves, but that's not how they operate primarily. | r/bitcoin | They aren't like a car dealership who has loads of inventory they sell. They pair buyers and sellers. That's their main business model. I'm sure they have some reserves, but that's not how they operate primarily. | r/Bitcoin | 2024-22-05 |
If it was done via OTC the effect on the market would be much less since the price is agreed in advance | r/bitcoin | If it was done via OTC the effect on the market would be much less since the price is agreed in advance | r/Bitcoin | 2024-22-05 |
Who sets the price in this scenario? Coinbase or someone else? | r/bitcoin | Who sets the price in this scenario? Coinbase or someone else? | r/Bitcoin | 2024-22-05 |
I don't think you understand how markets work.
It's not like Coinbase itself has a million bitcoin and they decide the price to sell it at and customers just come to their website to buy the bitcoin that Coinbase is selling at the price they have decided to offer. From your question it seems that is how you think it works.
Coinbase is just an exchange. If there is a million btc on the exchange that means people are holding a million bitcoin with coinbase. The buying and selling is just done by market participants (people, companies, etc), not by coinbase itself. The price at any given time is the spot price, but people put in "limit" buy and sell orders which is just them setting a lower than spot price they want to buy at or a higher than spot price they want to sell at, and this is what creates the "order book".
Also realize that the order book and the amount of bitcoin Coinbase holds are not at all the same thing. You can hold bitcoin on an exchange without specifying a price to sell it at. So the available bitcoin to buy from other people (the order book) is a subset of the bitcoin Coinbase holds for people. If you wanted to buy all the bitcoin on Coinbase's order book you could just keep making large market buys and you'd keep scooping up any market sells people are doing at the same time in addition to scooping up all the sells on the order book, with the price going higher and higher up the order book as you buy it all up.
Looking at the Depth Chart on Coinbase currently, there are about 4620 BTC on the order book going all the way up to a price over $122k for a total cost of about $387 million (there may be sells set higher but the Depth Chart only zooms out that far). So at the moment if you put in a market order for $387 million on Coinbase you'd buy up the entire order book of sells, getting an average price of about $83,750. If you did it all in one market buy then there'd probably only be a small amount of market sells that you'd pick up as well. But that's only \~4620 btc. A small fraction of all the bitcoin being held on Coinbase by customers at any given time. But you can only buy what is available to buy. And soon after your buy the price would drop back down from where you left it ($122k) back to around where it had been previously because you are no longer holding the price up with more buying.
There would then be news stories about how Bitcoin briefly spiked from $70k to $122k and then came back down, with people investigating whether it was a glitch on the exchange or if someone actually bought it all up haha. | r/bitcoin | I don't think you understand how markets work.
It's not like Coinbase itself has a million bitcoin and they decide the price to sell it at and customers just come to their website to buy the bitcoin that Coinbase is selling at the price they have decided to offer. From your question it seems that is how you think it works.
Coinbase is just an exchange. If there is a million btc on the exchange that means people are holding a million bitcoin with coinbase. The buying and selling is just done by market participants (people, companies, etc), not by coinbase itself. The price at any given time is the spot price, but people put in "limit" buy and sell orders which is just them setting a lower than spot price they want to buy at or a higher than spot price they want to sell at, and this is what creates the "order book".
Also realize that the order book and the amount of bitcoin Coinbase holds are not at all the same thing. You can hold bitcoin on an exchange without specifying a price to sell it at. So the available bitcoin to buy from other people (the order book) is a subset of the bitcoin Coinbase holds for people. If you wanted to buy all the bitcoin on Coinbase's order book you could just keep making large market buys and you'd keep scooping up any market sells people are doing at the same time in addition to scooping up all the sells on the order book, with the price going higher and higher up the order book as you buy it all up.
Looking at the Depth Chart on Coinbase currently, there are about 4620 BTC on the order book going all the way up to a price over $122k for a total cost of about $387 million (there may be sells set higher but the Depth Chart only zooms out that far). So at the moment if you put in a market order for $387 million on Coinbase you'd buy up the entire order book of sells, getting an average price of about $83,750. If you did it all in one market buy then there'd probably only be a small amount of market sells that you'd pick up as well. But that's only \~4620 btc. A small fraction of all the bitcoin being held on Coinbase by customers at any given time. But you can only buy what is available to buy. And soon after your buy the price would drop back down from where you left it ($122k) back to around where it had been previously because you are no longer holding the price up with more buying.
There would then be news stories about how Bitcoin briefly spiked from $70k to $122k and then came back down, with people investigating whether it was a glitch on the exchange or if someone actually bought it all up haha. | r/Bitcoin | 2024-22-05 |
If someone wanted a ton of btc wouldn’t it be an OTC order? Nobody would place that order on spot would they? | r/bitcoin | If someone wanted a ton of btc wouldn’t it be an OTC order? Nobody would place that order on spot would they? | r/Bitcoin | 2024-22-05 |
Clearly I need to sell my ETF'S before Coinbase takes over the world | r/bitcoin | Clearly I need to sell my ETF'S before Coinbase takes over the world | r/Bitcoin | 2024-22-05 |
But you asked about how to buy up the bitcoin on Coinbase. So that's what I was responding to.
Yes if someone wants to buy up thousands of bitcoin at once they would go on the OTC market. But that wouldn't get you any of the bitcoin being traded on the spot market on Coinbase.
I don't have a clue how the OTC market works, but you didn't ask about the OTC market, you just asked about buying up the bitcoin on Coinbase, of which, as I explained, you can only buy a tiny amount, specifically the amount people are trying to sell at any given time. I have no clue if OTC participants even have to have their bitcoin on Coinbase, or if Coinbase just brokers deals between people. Since OTC is only for rich people trading lots of money I haven't used it and don't know anything about how it works. | r/bitcoin | But you asked about how to buy up the bitcoin on Coinbase. So that's what I was responding to.
Yes if someone wants to buy up thousands of bitcoin at once they would go on the OTC market. But that wouldn't get you any of the bitcoin being traded on the spot market on Coinbase.
I don't have a clue how the OTC market works, but you didn't ask about the OTC market, you just asked about buying up the bitcoin on Coinbase, of which, as I explained, you can only buy a tiny amount, specifically the amount people are trying to sell at any given time. I have no clue if OTC participants even have to have their bitcoin on Coinbase, or if Coinbase just brokers deals between people. Since OTC is only for rich people trading lots of money I haven't used it and don't know anything about how it works. | r/Bitcoin | 2024-22-05 |
Dog what? Coinbase does OTC as far as I’m aware. This question is literally about buying insanely huge amounts of bitcoin, this qualifies as a rich person I would say. | r/bitcoin | Dog what? Coinbase does OTC as far as I’m aware. This question is literally about buying insanely huge amounts of bitcoin, this qualifies as a rich person I would say. | r/Bitcoin | 2024-22-05 |
huh?
yes Coinbase has OTC. You asked how to buy all of the bitcoin on Coinbase. I pointed out how you could buy up all the bitcoin currently for sale on Coinbase's exchange, as well as pointing out that you're buying from market participants, not Coinbase itself as you seemed confused about how exchanges work. And I also pointed out how most of the bitcoin on Coinbase is not for sale but is simply being held on Coinbase. And I described at what prices you'd be buying up all the bitcoin for sale on Coinbase, specifically with current real time data.
Your question didn't ask anything about OTC markets. If you now have a different question about making purchases in OTC markets you'll have to go ask some rich person how those markets work. | r/bitcoin | huh?
yes Coinbase has OTC. You asked how to buy all of the bitcoin on Coinbase. I pointed out how you could buy up all the bitcoin currently for sale on Coinbase's exchange, as well as pointing out that you're buying from market participants, not Coinbase itself as you seemed confused about how exchanges work. And I also pointed out how most of the bitcoin on Coinbase is not for sale but is simply being held on Coinbase. And I described at what prices you'd be buying up all the bitcoin for sale on Coinbase, specifically with current real time data.
Your question didn't ask anything about OTC markets. If you now have a different question about making purchases in OTC markets you'll have to go ask some rich person how those markets work. | r/Bitcoin | 2024-22-05 |
Be sorta like if everyone bought every Tesla from Muskrat. | r/bitcoin | Be sorta like if everyone bought every Tesla from Muskrat. | r/Bitcoin | 2024-22-05 |
You're inventing a situation that can't exist. If you call the Coinbase OTC desk and say 'I want to buy all the bitcoin, I have unlimited money' then they'll find all the bitcoin available on the market and your cost will approach infinity because the price will keep going up as they reach further into order books for sellers. | r/bitcoin | You're inventing a situation that can't exist. If you call the Coinbase OTC desk and say 'I want to buy all the bitcoin, I have unlimited money' then they'll find all the bitcoin available on the market and your cost will approach infinity because the price will keep going up as they reach further into order books for sellers. | r/Bitcoin | 2024-22-05 |
Someone’s already written an extensive reply.
You should study more how market makers, the bid/ask, spread, order book etc. work.
If Bitcoin traded to $150k overnight more people will be inclined to sell. So you’d see more Bitcoin transferred to exhanges.
Hence the ‘there’s only X Bitcoin left on exchanges’ talk is largely BS. It is useful to know how many Bitcoin there are on exchanges in that snapshot of time but it’s ultimately moot.
The Bitcoin usd price is just the mark price the last Bitcoin traded for. That means someone sold at X price so obviously someone bought at X price.
Also, and this will probably get me flamed, there is (ALLEGEDLY) tons of price manipulation going on, especially with FUSD on Binance. | r/bitcoin | Someone’s already written an extensive reply.
You should study more how market makers, the bid/ask, spread, order book etc. work.
If Bitcoin traded to $150k overnight more people will be inclined to sell. So you’d see more Bitcoin transferred to exhanges.
Hence the ‘there’s only X Bitcoin left on exchanges’ talk is largely BS. It is useful to know how many Bitcoin there are on exchanges in that snapshot of time but it’s ultimately moot.
The Bitcoin usd price is just the mark price the last Bitcoin traded for. That means someone sold at X price so obviously someone bought at X price.
Also, and this will probably get me flamed, there is (ALLEGEDLY) tons of price manipulation going on, especially with FUSD on Binance. | r/Bitcoin | 2024-22-05 |
stop hypothetical, get real you stupid SOB | r/bitcoin | stop hypothetical, get real you stupid SOB | r/Bitcoin | 2024-22-05 |
Well that's a lot smaller than all the Bitcoin. | r/bitcoin | Well that's a lot smaller than all the Bitcoin. | r/Bitcoin | 2024-23-05 |
Not really. There is a little over a million left owned by exchanges. Essentially 50-60% of the entire float available. | r/bitcoin | Not really. There is a little over a million left owned by exchanges. Essentially 50-60% of the entire float available. | r/Bitcoin | 2024-23-05 |
r/bitcoin | r/Bitcoin | 2024-21-05 |
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And I thought buying drugs was a terrible waste of bitcoin. People sending this conmen bitcoin are going to hate themselves even more in 5 years than they already do now. | r/bitcoin | And I thought buying drugs was a terrible waste of bitcoin. People sending this conmen bitcoin are going to hate themselves even more in 5 years than they already do now. | r/Bitcoin | 2024-21-05 |
pfft.. yeah. give your hard earned, appreciating asset, to a narcisist that lies with every breath. | r/bitcoin | pfft.. yeah. give your hard earned, appreciating asset, to a narcisist that lies with every breath. | r/Bitcoin | 2024-21-05 |
Your submission has been flagged for removal because it is considered off topic for the Bitcoin subreddit.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Your submission has been flagged for removal because it is considered off topic for the Bitcoin subreddit.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-22-05 |
r/bitcoin | r/Bitcoin | 2024-21-05 |
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What is this app? Seems phishy | r/bitcoin | What is this app? Seems phishy | r/Bitcoin | 2024-21-05 |
Sorry, but you never had any bitcoin :/
Use this as a learning moment. | r/bitcoin | Sorry, but you never had any bitcoin :/
Use this as a learning moment. | r/Bitcoin | 2024-21-05 |
That's about $30,000 in there, dang, hope you get access to this. | r/bitcoin | That's about $30,000 in there, dang, hope you get access to this. | r/Bitcoin | 2024-21-05 |
r/theydidthemath | r/bitcoin | r/theydidthemath | r/Bitcoin | 2024-22-05 |
It is known that they have been hacked couple of years ago. | r/bitcoin | It is known that they have been hacked couple of years ago. | r/Bitcoin | 2024-22-05 |
The problem isn't the Blockchain Technology or Bitcoin. Crime has been there since the beginning of human civilisation. If the Website you have been using was doing shit like this, you cant be the first to notice. It's your own responsibility to keep your money in a save and trusted wallet. | r/bitcoin | The problem isn't the Blockchain Technology or Bitcoin. Crime has been there since the beginning of human civilisation. If the Website you have been using was doing shit like this, you cant be the first to notice. It's your own responsibility to keep your money in a save and trusted wallet. | r/Bitcoin | 2024-22-05 |
This is not a blockchain problem, you are actively avoiding using a blockchain with this service | r/bitcoin | This is not a blockchain problem, you are actively avoiding using a blockchain with this service | r/Bitcoin | 2024-22-05 |
this has nothing to do with blockchain besides their marketing lingo | r/bitcoin | this has nothing to do with blockchain besides their marketing lingo | r/Bitcoin | 2024-22-05 |
Blockchain.com Wallet is a brand of wallet. That's what he was referring to. They have ads at the Cowboys stadium. | r/bitcoin | Blockchain.com Wallet is a brand of wallet. That's what he was referring to. They have ads at the Cowboys stadium. | r/Bitcoin | 2024-22-05 |
Blockchain.com Wallet. It's the brand of wallet he's using. | r/bitcoin | Blockchain.com Wallet. It's the brand of wallet he's using. | r/Bitcoin | 2024-22-05 |
I’m in no way support of Bc.com wallet but all the people who encounter issues with them are partly if not mostly to be blamed by simply not understanding what they are doing and also not reading on how bc.com wallet operates.
They have a Defi wallet section , which means you have access to your 12words and can move your funds anytime anywhere(Total control). I have used this option several times when I want to create burner or temp wallets. If this is the case you can simply import your 12word backup phrase into any wallet eg Bluewallet and get your funds.
Then they offer the Account/Exchange option which is where the problem lies, you need to do a bunch of kyc and verification and a whole lot to be able to move your funds from that account, its a shit show. But I’ve never used that shit because I read and understood the implications ,most people just setup the wallet throw their money in there without understanding anything or even reading the instructions.
There is nothing reddit can do for you , go to the support of bc.com ,be patient and do whatever kyc verification and instruction they tell you or take them to court. | r/bitcoin | I’m in no way support of Bc.com wallet but all the people who encounter issues with them are partly if not mostly to be blamed by simply not understanding what they are doing and also not reading on how bc.com wallet operates.
They have a Defi wallet section , which means you have access to your 12words and can move your funds anytime anywhere(Total control). I have used this option several times when I want to create burner or temp wallets. If this is the case you can simply import your 12word backup phrase into any wallet eg Bluewallet and get your funds.
Then they offer the Account/Exchange option which is where the problem lies, you need to do a bunch of kyc and verification and a whole lot to be able to move your funds from that account, its a shit show. But I’ve never used that shit because I read and understood the implications ,most people just setup the wallet throw their money in there without understanding anything or even reading the instructions.
There is nothing reddit can do for you , go to the support of bc.com ,be patient and do whatever kyc verification and instruction they tell you or take them to court. | r/Bitcoin | 2024-22-05 |
I know somebody else wrote that they got hacked I wasn't referring to the wallet part but to the word secure. | r/bitcoin | I know somebody else wrote that they got hacked I wasn't referring to the wallet part but to the word secure. | r/Bitcoin | 2024-22-05 |
After years of warnings about [blockchain.com](https://blockchain.com), people still use it. | r/bitcoin | After years of warnings about [blockchain.com](https://blockchain.com), people still use it. | r/Bitcoin | 2024-22-05 |
not your keys, not your cheese | r/bitcoin | not your keys, not your cheese | r/Bitcoin | 2024-23-05 |
Got this as a prompted ad of here. Seems sus but I like the way this is headed! It's like a universal life insurance policy funded and payed out in BTC from my understanding.
https://www.reddit.com/u/MeanwhileLife/s/MPUrmqHey3 | r/bitcoin | Got this as a prompted ad of here. Seems sus but I like the way this is headed! It's like a universal life insurance policy funded and payed out in BTC from my understanding.
https://www.reddit.com/u/MeanwhileLife/s/MPUrmqHey3 | r/Bitcoin | 2024-21-05 |
What is Sus? | r/bitcoin | What is Sus? | r/Bitcoin | 2024-22-05 |
"Suspect" or "suspicious"
Questionable in this context. | r/bitcoin | "Suspect" or "suspicious"
Questionable in this context. | r/Bitcoin | 2024-22-05 |
Thanks.
Question: why shortening words that don't need to be shortened? | r/bitcoin | Thanks.
Question: why shortening words that don't need to be shortened? | r/Bitcoin | 2024-22-05 |
No problem. My guess would be that it's a generational trend that has stuck around as of late. I suppose it's either efficient for those who want to communicate 'a portion of a word faster', or it's just lazy. 🙃 | r/bitcoin | No problem. My guess would be that it's a generational trend that has stuck around as of late. I suppose it's either efficient for those who want to communicate 'a portion of a word faster', or it's just lazy. 🙃 | r/Bitcoin | 2024-22-05 |
which air gapped cold wallet would you recommend ?
looking for smth simple (dont need a touchscreen) | r/bitcoin | which air gapped cold wallet would you recommend ?
looking for smth simple (dont need a touchscreen) | r/Bitcoin | 2024-21-05 |
Airgapped: Cold Card and Passport. | r/bitcoin | Airgapped: Cold Card and Passport. | r/Bitcoin | 2024-21-05 |
Or Passport | r/bitcoin | Or Passport | r/Bitcoin | 2024-21-05 |
>should i consider to just get a paper wallet ?
That's what charlatans want you to do.
He's also shilling Ledger, whatever you do, don't buy it, please. It's a horrible hardware wallet, not fully open source, not air gapped, full of shitcoin code. | r/bitcoin |
>should i consider to just get a paper wallet ?
That's what charlatans want you to do.
He's also shilling Ledger, whatever you do, don't buy it, please. It's a horrible hardware wallet, not fully open source, not air gapped, full of shitcoin code. | r/Bitcoin | 2024-22-05 |
nah didnt even hesitate | r/bitcoin | nah didnt even hesitate | r/Bitcoin | 2024-22-05 |
Coldcard Q. Beats the rest by a country mile. | r/bitcoin | Coldcard Q. Beats the rest by a country mile. | r/Bitcoin | 2024-24-05 |
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Hey everyone, i’m 20 years old and have been buying btc consistently for about 6 months now.
Recently i’ve gone under contract to get my first home! However with closing cost, and furnishings air bnbs, it’s looking like i’m going to have to drain my btc (been using it as savings) to get all this sorted out
The thing is though, i will be getting my closing cost money back after everything goes through, so i am wondering if there is a better way to go about this instead of draining my btc.
Any advice? Thanks!! | r/bitcoin | Hey everyone, i’m 20 years old and have been buying btc consistently for about 6 months now.
Recently i’ve gone under contract to get my first home! However with closing cost, and furnishings air bnbs, it’s looking like i’m going to have to drain my btc (been using it as savings) to get all this sorted out
The thing is though, i will be getting my closing cost money back after everything goes through, so i am wondering if there is a better way to go about this instead of draining my btc.
Any advice? Thanks!! | r/Bitcoin | 2024-21-05 |
Why are you furnishing air bnbs? | r/bitcoin | Why are you furnishing air bnbs? | r/Bitcoin | 2024-21-05 |
the house i’m buying i converted into 3 units, 2 air bnbs. | r/bitcoin | the house i’m buying i converted into 3 units, 2 air bnbs. | r/Bitcoin | 2024-21-05 |
Lend.hodlhodl? Borrow against your BTC stack without selling it.
You'll need to work out if it's better to pay the interest or just buy back the bitcoin later.
My 2sats is that bullrun is back on the menu. 1-2% interest less than what you'd lose rebuying your BTC in 2-3 months.
Edit: Probably a bad idea, since you're new to bitcoin. | r/bitcoin | Lend.hodlhodl? Borrow against your BTC stack without selling it.
You'll need to work out if it's better to pay the interest or just buy back the bitcoin later.
My 2sats is that bullrun is back on the menu. 1-2% interest less than what you'd lose rebuying your BTC in 2-3 months.
Edit: Probably a bad idea, since you're new to bitcoin. | r/Bitcoin | 2024-21-05 |
Nice! Well in that case I would furnish the Airbnb's and use either a balance transfer credit card to get 0 percent interest or a regular credit card and use the first month profit from the Airbnb to pay off the card balance.
Also since you are getting the closing cost money back (not sure how you negotiated that or how that's even possible) I would request that that money is just given as a credit so there isn't a closing cost at all. If you do get it back after closing, then why not ask a family member for a loan and pay them back plus a few hundred bucks right after closing. | r/bitcoin | Nice! Well in that case I would furnish the Airbnb's and use either a balance transfer credit card to get 0 percent interest or a regular credit card and use the first month profit from the Airbnb to pay off the card balance.
Also since you are getting the closing cost money back (not sure how you negotiated that or how that's even possible) I would request that that money is just given as a credit so there isn't a closing cost at all. If you do get it back after closing, then why not ask a family member for a loan and pay them back plus a few hundred bucks right after closing. | r/Bitcoin | 2024-21-05 |
Rent it privately for BTC too 😏….nobody needs to know about THAT income, unless you want to, of course 👍🍻 | r/bitcoin | Rent it privately for BTC too 😏….nobody needs to know about THAT income, unless you want to, of course 👍🍻 | r/Bitcoin | 2024-21-05 |
Put your costs on a no interest intro credit card. Pay off upon closing . | r/bitcoin | Put your costs on a no interest intro credit card. Pay off upon closing . | r/Bitcoin | 2024-21-05 |
Don’t sell .can you get a loan from your 401k? | r/bitcoin | Don’t sell .can you get a loan from your 401k? | r/Bitcoin | 2024-21-05 |
Ah, you're one of those fuckers.
Well good luck with whatever. Sell your bitcoin if you must. | r/bitcoin | Ah, you're one of those fuckers.
Well good luck with whatever. Sell your bitcoin if you must. | r/Bitcoin | 2024-21-05 |
Borrow against your Bitcoin, you’ve got various custodial and non-custodial options.
I’ve personally used ‘Sovryn Zero’ (*non-custodial*)in the past without issue. Should you do the same, make sure to read through and understand all the risks of using your Bitcoin as collateral, e.g redemption mechanisms. The good thing with Zero is it’s 0% interest, you’d just need to maintain a healthy LTV ratio, and pay an 8% origination fee but that’s the only cost.
There is also Lend.hodlhodl.com for P2P loans, you’ll pay interest monthly with those.
Basically, you have options. | r/bitcoin | Borrow against your Bitcoin, you’ve got various custodial and non-custodial options.
I’ve personally used ‘Sovryn Zero’ (*non-custodial*)in the past without issue. Should you do the same, make sure to read through and understand all the risks of using your Bitcoin as collateral, e.g redemption mechanisms. The good thing with Zero is it’s 0% interest, you’d just need to maintain a healthy LTV ratio, and pay an 8% origination fee but that’s the only cost.
There is also Lend.hodlhodl.com for P2P loans, you’ll pay interest monthly with those.
Basically, you have options. | r/Bitcoin | 2024-21-05 |
Can’t imagine selling the only thing that’s provably scarce in the universe to run an Airbnb.
Best of luck kid. | r/bitcoin | Can’t imagine selling the only thing that’s provably scarce in the universe to run an Airbnb.
Best of luck kid. | r/Bitcoin | 2024-21-05 |
Not sure if you've noticed the economy lately, but I wouldn't be setting up any airbnbs right now.
I'd put the money into bitcoin and ride out this cycle. Fairly certain you'd see greater ROI on the bitcoin than a few airbnbs, and you could sleep at night knowing you aren't contributing to an unhealthy housing market, but you do you boo. | r/bitcoin | Not sure if you've noticed the economy lately, but I wouldn't be setting up any airbnbs right now.
I'd put the money into bitcoin and ride out this cycle. Fairly certain you'd see greater ROI on the bitcoin than a few airbnbs, and you could sleep at night knowing you aren't contributing to an unhealthy housing market, but you do you boo. | r/Bitcoin | 2024-21-05 |
Have fun watching btc multiply past whatever you are earning on your property. Don't become a buttcoiner after that. | r/bitcoin | Have fun watching btc multiply past whatever you are earning on your property. Don't become a buttcoiner after that. | r/Bitcoin | 2024-21-05 |
save some cash for taxes. | r/bitcoin | save some cash for taxes. | r/Bitcoin | 2024-21-05 |
I hear you . Im also considering selling to invest in an Airbnb or some equipment that generates cash and then re-exchange the gains for more btc . BUT, in the meantime BTC could have 2x so it's trickyyyyy right ? | r/bitcoin | I hear you . Im also considering selling to invest in an Airbnb or some equipment that generates cash and then re-exchange the gains for more btc . BUT, in the meantime BTC could have 2x so it's trickyyyyy right ? | r/Bitcoin | 2024-22-05 |
If you open a new credit account, like personal loans or credit cards, before the loan funds, the bank could reject your mortgage application, so I’d avoid doing so until after the transaction completes.
If you can, inquire through friends or familia for the amount needed, and offer a guaranteed return. It will look like you rushed this and got out over your skis on the cost front, but maybe they’ll cut you a break because you’re offering to pay them for the inconvenience.
You can however get a loan against your bitcoin, but I’d only do that if you’re going to recoup those funds very quickly. Unchained Capital for example, which I haven’t used, does offer a lending product. The rates are higher than most personal loans from traditional banks though. Maximum term I’ve seen was 12 months also.
Obviously, I’d recommend you keep saving and just enjoy the bull market. You’ll have a larger stack and shaving some of it will hurt less. Where’s the entrepreneurial spirit in that though ?
Best of luck. | r/bitcoin | If you open a new credit account, like personal loans or credit cards, before the loan funds, the bank could reject your mortgage application, so I’d avoid doing so until after the transaction completes.
If you can, inquire through friends or familia for the amount needed, and offer a guaranteed return. It will look like you rushed this and got out over your skis on the cost front, but maybe they’ll cut you a break because you’re offering to pay them for the inconvenience.
You can however get a loan against your bitcoin, but I’d only do that if you’re going to recoup those funds very quickly. Unchained Capital for example, which I haven’t used, does offer a lending product. The rates are higher than most personal loans from traditional banks though. Maximum term I’ve seen was 12 months also.
Obviously, I’d recommend you keep saving and just enjoy the bull market. You’ll have a larger stack and shaving some of it will hurt less. Where’s the entrepreneurial spirit in that though ?
Best of luck. | r/Bitcoin | 2024-22-05 |
Can’t do this. Lender will rerun credit and see this and it could impact the loan approval. This is not good advice. | r/bitcoin | Can’t do this. Lender will rerun credit and see this and it could impact the loan approval. This is not good advice. | r/Bitcoin | 2024-22-05 |
Simple question to the lender will find out for sure. | r/bitcoin | Simple question to the lender will find out for sure. | r/Bitcoin | 2024-22-05 |
I work in real estate and my clients are told by their lender at the beginning of the process do not under any circumstances between now (going into contract) and the close of escrow put anything on credit or do anything that will impact your credit it can potentially negatively impact the loan approval. | r/bitcoin | I work in real estate and my clients are told by their lender at the beginning of the process do not under any circumstances between now (going into contract) and the close of escrow put anything on credit or do anything that will impact your credit it can potentially negatively impact the loan approval. | r/Bitcoin | 2024-22-05 |
You would be selling your bitcoin literally as it’s about to break all time highs and start a new cycle. I don’t think you have any other choice because of your situation. One of my cousins went through the exact same thing recently and had to sell out of the market. So good luck | r/bitcoin | You would be selling your bitcoin literally as it’s about to break all time highs and start a new cycle. I don’t think you have any other choice because of your situation. One of my cousins went through the exact same thing recently and had to sell out of the market. So good luck | r/Bitcoin | 2024-22-05 |
Ask for a lender credit.. it will raise your interest rate slightly and increase your payment by a few dollars.. but not much generally .. ideally your can refi in the next few years anyway | r/bitcoin | Ask for a lender credit.. it will raise your interest rate slightly and increase your payment by a few dollars.. but not much generally .. ideally your can refi in the next few years anyway | r/Bitcoin | 2024-22-05 |
Yaaaaaaaaaaaa…………
Idk man. | r/bitcoin | Yaaaaaaaaaaaa…………
Idk man. | r/Bitcoin | 2024-22-05 |
Sell it bro you have no conviction any how. | r/bitcoin | Sell it bro you have no conviction any how. | r/Bitcoin | 2024-22-05 |
You can borrow from your current 401k if you have one and suffer no penalty - you pay yourself back. Also, you can pull 10k from an IRA early without penalty for a new home . Need more ? | r/bitcoin | You can borrow from your current 401k if you have one and suffer no penalty - you pay yourself back. Also, you can pull 10k from an IRA early without penalty for a new home . Need more ? | r/Bitcoin | 2024-22-05 |
airbnb sucks now
i don’t think it’s as popular as it once was. you’re better off just renting it out full time to tenants | r/bitcoin | airbnb sucks now
i don’t think it’s as popular as it once was. you’re better off just renting it out full time to tenants | r/Bitcoin | 2024-22-05 |
Sell the property and buy more digital property... | r/bitcoin | Sell the property and buy more digital property... | r/Bitcoin | 2024-22-05 |
get a loan at 50% ltv on Nexo, never sell your bitcoin! | r/bitcoin | get a loan at 50% ltv on Nexo, never sell your bitcoin! | r/Bitcoin | 2024-22-05 |
Not sure what you mean when you say, you’ll be getting your closing cost money back”? That said, if you “need” the funds in BTC to qualify for your loan, those funds must be seasoned first (be moved into cash and put into your checking account where it must sit for 60 days).
I’d check with multiple loan officers before selling BTC. Remember, if you sell BTC, that’s a taxable event. Good luck! | r/bitcoin | Not sure what you mean when you say, you’ll be getting your closing cost money back”? That said, if you “need” the funds in BTC to qualify for your loan, those funds must be seasoned first (be moved into cash and put into your checking account where it must sit for 60 days).
I’d check with multiple loan officers before selling BTC. Remember, if you sell BTC, that’s a taxable event. Good luck! | r/Bitcoin | 2024-22-05 |
Not sure what's the relevance of your age to the post.
Try and find funds somewhere else rather than selling bitcoin. That's why you shouldn't invest money that you may need in the future and have spare money in cash for these occasions.
If you can't find it, then sell it. | r/bitcoin | Not sure what's the relevance of your age to the post.
Try and find funds somewhere else rather than selling bitcoin. That's why you shouldn't invest money that you may need in the future and have spare money in cash for these occasions.
If you can't find it, then sell it. | r/Bitcoin | 2024-22-05 |
Yeah, cram as much people into a house so they all have a shoe box equivalent of space. Use their rent to pay off all the expenses. Not parasitic at all! | r/bitcoin | Yeah, cram as much people into a house so they all have a shoe box equivalent of space. Use their rent to pay off all the expenses. Not parasitic at all! | r/Bitcoin | 2024-23-05 |
You have no idea what the size of these units are. Straw man more. | r/bitcoin | You have no idea what the size of these units are. Straw man more. | r/Bitcoin | 2024-23-05 |
r/bitcoin | r/Bitcoin | 2024-21-05 |
||
[https://www.btcbreakdown.com/p/issue-79](https://www.btcbreakdown.com/p/issue-79) | r/bitcoin | [https://www.btcbreakdown.com/p/issue-79](https://www.btcbreakdown.com/p/issue-79) | r/Bitcoin | 2024-21-05 |
As I see no comments or upvotes, I would like to say thank you OP for the newsletter, great source of condensed information that does not get hughlighted in this sub. | r/bitcoin | As I see no comments or upvotes, I would like to say thank you OP for the newsletter, great source of condensed information that does not get hughlighted in this sub. | r/Bitcoin | 2024-22-05 |
Thanks, much obliged! | r/bitcoin | Thanks, much obliged! | r/Bitcoin | 2024-22-05 |
Let's hope we leave the evaluation of 10,000 pizzas per 2 bitcoins behind us for good.
Ref.: Pizza Inversion at 62500 USD/BTC, or 10,000 pizzas per 2 BTC, https://www.reddit.com/r/Bitcoin/comments/mq0mrg/historical_today_we_celebrate_pizza_inversion_on/ | r/bitcoin | Let's hope we leave the evaluation of 10,000 pizzas per 2 bitcoins behind us for good.
Ref.: Pizza Inversion at 62500 USD/BTC, or 10,000 pizzas per 2 BTC, https://www.reddit.com/r/Bitcoin/comments/mq0mrg/historical_today_we_celebrate_pizza_inversion_on/ | r/Bitcoin | 2024-21-05 |
Are the usual cycles a thing of the past given the ETFs? What do y’all think? | r/bitcoin | Are the usual cycles a thing of the past given the ETFs? What do y’all think? | r/Bitcoin | 2024-21-05 |
[Follow the Rainbow](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) | r/bitcoin | [Follow the Rainbow](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) | r/Bitcoin | 2024-21-05 |
Your submission has been flagged for removal because it pertains to general trading or market discussion, whereas r/Bitcoin tries to be less price oriented. Please visit r/BitcoinMarkets. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Your submission has been flagged for removal because it pertains to general trading or market discussion, whereas r/Bitcoin tries to be less price oriented. Please visit r/BitcoinMarkets. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-21-05 |
There may be but I honestly don't know. All I know for sure is that I'm going to keep buying a little more BTC every day, regardless of the price. | r/bitcoin | There may be but I honestly don't know. All I know for sure is that I'm going to keep buying a little more BTC every day, regardless of the price. | r/Bitcoin | 2024-21-05 |
r/bitcoin | r/Bitcoin | 2024-21-05 |
||
Similar content has already been submitted several times. Please check the front page of r/Bitcoin and r/Bitcoin/new for previous submissions to help keep repetition to a minimum. You can also try using the search bar. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Similar content has already been submitted several times. Please check the front page of r/Bitcoin and r/Bitcoin/new for previous submissions to help keep repetition to a minimum. You can also try using the search bar. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-21-05 |
appreciate | r/bitcoin | appreciate | r/Bitcoin | 2024-21-05 |
Great, more BTC just being burned for no logical reason... | r/bitcoin | Great, more BTC just being burned for no logical reason... | r/Bitcoin | 2024-21-05 |
🙄 | r/bitcoin | 🙄 | r/Bitcoin | 2024-21-05 |
What is the best time to buy bitcoin and what is the best app or site to use when buying | r/bitcoin | What is the best time to buy bitcoin and what is the best app or site to use when buying | r/Bitcoin | 2024-21-05 |
Ten years ago. But today also works. | r/bitcoin | Ten years ago. But today also works. | r/Bitcoin | 2024-21-05 |
Everyday has been the best day to buy and today is likely better than tomorrow :) | r/bitcoin | Everyday has been the best day to buy and today is likely better than tomorrow :) | r/Bitcoin | 2024-21-05 |
Yesterday | r/bitcoin | Yesterday | r/Bitcoin | 2024-21-05 |
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