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51371873 No.51371873 [Reply] [Original]

I took out a $50k personal loan and chucked it into BTC. I plan to never hold any assets that the government can seize and pay for shit with cash from crypto ATMs. Could my bulletproof plan possibly backfire?

>> No.51371920

>>51371873
I can't think of any significant flaw. It's far less retarded than some of what I see pitched here, at worst.

>> No.51371925

>>51371873
>what are blacklisted BTC
>what is an offramp
>what is a public ledger
BTC has no use case.

>> No.51372440

>>51371873
Yes
6%+++ rates and btc going to 3k
>depending on what loan you took, that equals to 15-25% rates....
what do....
>go

>> No.51372508

>>51371873
Check out the fees and conversion rates of those crypto atms. Those things are huge scams.

Not only do they not give you a current market price, but they also charge like 10% transaction fee.

>> No.51372579
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51372579

>>51371873
Imagine needing a root canal, and this motherfucker shows up.

>> No.51372612

Other than being nagged by loan sharks yea, I don’t see a flaw.


Unless they break your kneecaps for the password

>> No.51372615

>>51372508
This, they're huge scams. Just onboard using something like Coinbase, then sending it all to KuCoin to exchange for Monero. Congratulations, you are now untrackable.

>> No.51372643

>>51372579
>>51371873

moreee

>> No.51373571

>>51372615
Use CakeWallet instead of KuCoin