JDAKK on Nostr: The recipe for rekt: 1. Convert $BTC to cbBTC and trigger capital gains tax 2. borrow ...
The recipe for rekt:
1. Convert $BTC to cbBTC and trigger capital gains tax
2. borrow against cbBTC
3. price dips $60k on black swan liquidating your collateral.
4. End up with no $BTC and still gotta pay Uncle Sam.
5. The next week $BTC rips to $200K leaving you sidelined. 🫠
1. Convert $BTC to cbBTC and trigger capital gains tax
2. borrow against cbBTC
3. price dips $60k on black swan liquidating your collateral.
4. End up with no $BTC and still gotta pay Uncle Sam.
5. The next week $BTC rips to $200K leaving you sidelined. 🫠