@parkeralewis I’ve been watching this chart, too.
In fact, I had close friends bragging to me the other day that their ETH was up 28%.
I showed them this chart and they sold the ETH for BTC within the hour.
Exactly.
The fact some banks allow up to a 97% loan-to-value ratio in some countries tells us banks believe there is little risk in this arrangement for them.
That’s because they control tge money printer which in turn increases the property values.
It’s evil genius, really! 😈
@rukie29 Orrrrrr…. Is it possible people value the ‘outer space’ gold at a premium and are willing to pay extra for this extraterrestrial rock?
In any case, it’s still just space stuff and has no fixed supply.
Like you, I’m sticking with Bitcoin.
@historyinmemes Easy.
When you dispose of an asset in exchange for fiat, it’s a taxable event.
When you post an asset as collateral for a loan, it’s not a taxable event.
Nothing new or hard to understand here.