Brian Anderson

[Brian Anderson @brianander81]

@Vivek4real_ Why are they paying preferred dividends with USD instead of BTC? Isn’t that the point of investing in BTC? As a hedge?

Nobody has answered this one yet.

[Brian Anderson @brianander81]

@Rajatsoni Or you can wait for 30k and get a bigger ROI

[Brian Anderson @brianander81]

@olvelez007 I guess they happen when liquidity becomes an issue.

[Brian Anderson @brianander81]

@Cryptotea Worth what the next person is willing to pay for it. Tulipmania in the 21st century?

[Brian Anderson @brianander81]

@Cryptotea Because for every buyer there is a seller. When more people want to sell than buy you see what happens to price.

[Brian Anderson @brianander81]

@marc02200 None of us were around for Tulipmania but something tells me we’ll remember this.

History may not repeat but it sure does rhyme.

[Brian Anderson @brianander81]

@Rajatsoni None of us were around for Tulipmania but something tells me we’ll remember this.

[Brian Anderson @brianander81]

@Rajatsoni Maybe the BtC funds should pay their preferred dividends with BTC instead of USD. Isn’t that the point of BTC, as a hedge against USD? I guess what they say is true, cash is king.

[Brian Anderson @brianander81]

@SimplyBitcoin With a 10 year chart history, the words always and never are a bit presumptive, don’t you think?

[Brian Anderson @brianander81]

@BTCBreadMan None of us were around for Tulipmania but something tells me we’ll remember this.

[Brian Anderson @brianander81]

@Rajatsoni Still haven’t gotten a good explanation why these funds don’t pay preferred dividends with BTC instead of USD. Isn’t that the point of BTC, as a hedge against the USD?

[Brian Anderson @brianander81]

@bitcoinwell @olvelez007 Don’t get me wrong. It’s not that I’m against BTC but do have questions about the underlying use case. When liquidity is needed they liquidate BTC which seems counterintuitive if it’s a hedge against USD in the first place. They pay dividends with USD. That seems incongruent 2me

[Brian Anderson @brianander81]

@bitcoinwell @olvelez007 Nobody has provided an answer for my dividend observation. The reason these funds are facing a liquidity crunch is they need to liquidate BTC for USD to pay preferred dividends. Why not just pay the dividend with BTC? If it is better than USD?

[Brian Anderson @brianander81]

@bitcoinwell @olvelez007 You miss my point. You don’t create a capital gain taxable event when you use USD to purchase a good/service. You will pay a sales tax but you will pay that same sales tax when you exchange BTC for USD to purchase the good/service plus a hefty 15-20% federal capital gain tax

[Brian Anderson @brianander81]

@bitcoinwell @olvelez007 You’d think these BTC funds would pay their preferred shareholder dividends in BTC instead USD. Why don’t they?

[Brian Anderson @brianander81]

@bitcoinwell @olvelez007 You buy groceries, pay rent/mortgage, utilities, go to dinner, the movies, etc etc directly with BTC?

And it’s not currency because when and if you use it you have a capital gains tax due. Do you not? BTC always must be calculated in USD to assign a true exchangeable value.

[Brian Anderson @brianander81]

@GrantCardone I thought you were all about cash flow?

[Brian Anderson @brianander81]

@olvelez007 As bullish as holders want to be the reality is bills must be paid. And that’s done with liquidity (ie USD).

[Brian Anderson @brianander81]

@bitcoinwell @olvelez007 Currency pays the bills, not money.

It’s a slippery slope considering that selling BTC for USD triggers capital gains tax too.