@DevilMountainIM@CryptoTice_ It’s not new. It’s just showing that the asset is maturing and legitimizing because it’s giving people access to tools that equity holders have enjoyed for decades.
Anyone who borrows against assets needs to be aware of the liquidation risks. This is true of stocks and bitcoin.
If I don’t want to use my own money, I can do a 100% leverage. I’m still responsible for the downside, but I also get 100% of the upside. I’ll I have to do is pay the interest on the loan.
If one can’t afford the interest, theyshouldn’t be getting into deals like this to begin with.
If you receive distributions from a U.S. security like STRC in a non-registered account, they’re generally reported as foreign income on your Canadian tax return, even if the payment is considered Return of Capital in the U.S. The CRA treats most foreign distributions as foreign income, not as ROC, unless the issuer provides specific documentation.
@Mr_Derivatives Because the market is anticipating lower BTC price and/or discounting due to perceived operating risk. Not saying I agree, but that’s probably why.
Is it just me, or is there a sudden spike on #Bitcoin X of people who are promoting $MSTY all of a sudden? It almost feels like a coordinated promotion. @BritishHodl