That $750k that OBJ took in all Bitcoin has netted him $35,703 after taxes as of rn

mastermind

Rest In Power Kobe
Joined
May 1, 2012
Messages
65,334
Reputation
6,499
Daps
174,667
Dude. You just lost almost 5% in the value of your cash from this time last year and that's being conservative.

Your $1 last year is worth 95.5 cents as of today.

If you had $100K laying around on 3/28/2021, inflation just ate over $4500 without anyone doing anything to it.
except what you keep telling us is to put that cash into bitcoins. I just don't buy it and it seems only the super wealthy are eating off this.
 

HabitualChiller

Enjoying a Long Night of Solace✌
Supporter
Joined
Oct 27, 2016
Messages
17,309
Reputation
4,180
Daps
54,192
Reppin
Somewhere on an Xbox
Dude. You just lost almost 5% in the value of your cash from this time last year and that's being conservative.

Your $1 last year is worth 95.5 cents as of today.

If you had $100K laying around on 3/28/2021, inflation just ate over $4500 without anyone doing anything to it.
Wait, but if he gets paid in a lump sum, or even weekly, he can just invest that money in BC anyways. Hell, he could've bought on the dip(s), no?
 

GoldenGlove

😐😑😶😑😐
Staff member
Supporter
Joined
May 1, 2012
Messages
61,529
Reputation
6,071
Daps
145,079
except what you keep telling us is to put that cash into bitcoins. I just don't buy it and it seems only the super wealthy are eating off this.
Do with this information as you will.
How to earn interest on cryptocurrency | Gemini Earn® | Gemini
If you don't like the volatility of BTC or ETH. You can take your cash, convert it to a stablecoin (in this case gUSD) and earn 8% on it just sitting in your account.

Anchor
If you don't like the volatility of BTC or ETH. You can take your cash, convert to a stablecoin (in this case UST) and earn 20% on it just sitting in your account.

Just a matter of risk tolerance and understanding how things work.
:yeshrug:
 

who_better_than_me

Time to go!!
Joined
May 3, 2012
Messages
27,472
Reputation
1,302
Daps
41,521
Reppin
NULL
lol I remember when my job was handing out bonuses for a new cba, I asked my station manager could I get paid in bitcoin or stocks :russ: .
 
Top