- Jul 22, 2011
dude, seriously thank you for commenting. I have never thought about it like this, but it makes so much damn sense. Celsius has very low loan rates. What platform do you use?Block Fi and Celsius both offer interest as well.
6.2% and 3.somthing after first 2 BTC. So you are getting 3+% interest paid in BTC. You will have to claim the gains on the interest.
As for the crypto you have, just deposit it and get main stream. As long as you have never 'sold', there is nothing illegal about holding crypto. If you traded on defi, there is no way to know.... just go mainstream. Start claiming your gains as you receive interest. (I am getting 30k+ in interest paid in BTC on Celisus).
Never sell....just borrow against. Non-taxable and why 'sell' something that is making 200% annual gains. Even if it slows down over the next 10 years to 10-20%. Just borrow at 1% and never get hit w/ capitol gain....