Monday, February 1, 2021

Toronto Daily - Feb 2nd 2021

Welcome to the Toronto Daily Thread.

This thread serves two purposes:

1) To collect and make visible new posts in smaller Toronto based subreddits.

Feel free to visit, comment and be generally helpful in posts indexed below. Please also remember to stay on your best behaviour when travelling outside of /r/toronto.


2) To act as a general off-topic conversation hub for the day.

To that end, use this thread to talk about whatever is on your mind, regardless of whether or not it's related to Toronto.

No matter where you're posting, please remember to be excellent to each other.


/r/TorontoJobs

Post Title Author Comments
How I make ~$50 of Bitcoin per month using Shakepay with a few seconds a day /u/Ehoareyoux2 0

/r/TorontoEvents

Post Title Author Comments
Feb 12 - Ghost watch party . For Amazon Prime members /u/sprungy 0
Feb 9 - Tenant Rights Town Hall w/Josh Matlow /u/sprungy 0
[Toronto Public Library programs February 1-7](https://www.reddit.com/r/Torontoevents/comments/la4jwe/toronto_public_library_programs_february_17/) /u/TPL_on_Reddit
Feb 2 - Kahoot trivia night /u/sprungy 0
Feb 3 - Jackbox games night /u/sprungy 0

I am a bot, and this post was generated automatically. Please contact the moderators of this subreddit if you have any questions or concerns.


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"Further disruption to status quo / challenge the financial elite" 🚀 🥊🥇

Unlike traditional stocks, it is difficult to place trading limits on cryptocurrencies like bitcoin and dogecoin due to their decentralised design. Even during periods of extreme market volatility, no major exchange has ever blocked users from buying or selling established cryptocurrencies.

“An increasing recognition of bitcoin’s distinctive traits should outlast the current GameStop interest,” said Paolo Ardoino, chief technology officer of cryptocurrency exchange Bitfinex.

"While nascent, cryptocurrencies have the potential to invert the power structure of inequitable financial markets that are weighed against retail investors.

“I won’t speculate on whether this is a one-off event or not, but I’m confident that these types of social channels have the potential to cause further disruption to the status quo and challenge the financial elite.”

Source: https://www.independent.co.uk/life-style/gadgets-and-tech/dogecoin-price-stock-buy-gamestop-reddit-bitcoin-b1794695.html (Accessed 01Feb2021)


"Further disruption to status quo / challenge the financial elite"

Unlike traditional stocks, it is difficult to place trading limits on cryptocurrencies like bitcoin and dogecoin due to their decentralised design. Even during periods of extreme market volatility, no major exchange has ever blocked users from buying or selling established cryptocurrencies.

“An increasing recognition of bitcoin’s distinctive traits should outlast the current GameStop interest,” said Paolo Ardoino, chief technology officer of cryptocurrency exchange Bitfinex.

"While nascent, cryptocurrencies have the potential to invert the power structure of inequitable financial markets that are weighed against retail investors.

“I won’t speculate on whether this is a one-off event or not, but I’m confident that these types of social channels have the potential to cause further disruption to the status quo and challenge the financial elite.”

Source: https://www.independent.co.uk/life-style/gadgets-and-tech/dogecoin-price-stock-buy-gamestop-reddit-bitcoin-b1794695.html (Accessed 01Feb2021)


Elon Musk's endorsements didn't affect Crypto this time, and it's a good thing

You must have seen several posts here and in the other subs, about his bitcoin references in the podcast yesterday and personally I feel glad that it didn't do anything to the bitcoin prices.

Also the cryptocurrency ban in India news also didn't crash the price. I really find both as good for crypto in general.

The price variations might become harder, but in the long run, a steady, slow growth along with adoption will do much better than having a surge of thousands and then an even bigger crash.

More and more of these 'less influencing' events might also discourage people from taking everything to make a pumping event and instead focus more towards a steady growth. That would also discourage tons of those who consider crypto as a get rich scheme.

This is a personal opinion. It's kind of a relief not to have big pumps and crashes for every single tweet or a reference about bitcoin or other cryptocurrencies.


Im 8 Days Old here but... lemme try chill the XRP noobs out with some DD

Thanks (kinda) to the GME hysteria, and the Pump n Dump which caught alot of noobs out, alot of new skin is in XRP

I know alot of you guys lost- and Im in the same boat. Ive been an XRP investor for a while

Ive watched my 9k investment go from 7k down to Evens to 5k up to 4k down again.

And that was just yesterday.

But here is what ANY XRP pro should be able to tell you...

Even at the current price- even at $1 this XRP shit is CRIMINALLY UNDERVALUED.

I will try and explain below in layman's terms so don't crucify me if you're a super pedantic mofo- Im trying to simplify it for the noobs

If you're new to the crypto space you need to understand this about XRP:

-XRP is the fastest blockchain technology on the planet capable of handling the ENTIRE WORLD CURRENCY and makes transactions at ridiculous light speed, you can settle a million dollar transfer in seconds for like almost zero fees

-the XRP ledger and token is being adopted worldwide as an alternative to the SWIFT banking system which is slow and expensive.

- Its only a matter of time before the SEC issue is laid to rest and some big partnerships will be announced. Deals have already been made.

- If just one major bank adopted the ledger tech, there would be enough influx of cash to skyrocket the XRP price in minutes. Like- instantly. Imagine if a major bank injects a few hondo billion in.

- Once the SEC issue is cleared up, the big banks and IMF will openly adopt or encourage ripple technology, specifically the ledger, with the intention that the XRP token acts as the bridge currency. XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

- So you think this is all just futuristic TRON shit? Well, lemme tell you about the Ripple system.- Right now- EVERY SINGLE MAJOR BANK in Australia is on the Ripple network.

- Th Ripple Team are connected with everyone from the IMF to the EU. Their board members include super high profile SEC bosses and their legal team is as good as it gets on the planet.

- At a time where Green friendly eco solutions are needed, the XRP network uses minimal energy, compared to BitCoin. It beats bitcoin in every realm (see image below) its faster, with 4 sec transactions compared to an hour plus for bitcoin.

Now lemme tell you about the history of prices so you have some idea- and I will try to simplify it.

If the numbers are not exact, I apologise- but theyre close enough to give an indication as to the volatility and potential ok

All time High is $3.84 so its got a long way to go from 40 cents now and lets remember bitcoin has gone nuts to all time highs , so has ethereum. they have both hit all time highs not seen since 2017/2018 ....and crypto currencies move in very repetitive cycles almost in order of biggest to shitcoins, and XRP is due for a big one being the Number 4 crypto, but she is always the last one to run in a bull run,.so it is sill coming....

So if we assume the price now is 40 cents- and we hit the all time high some time this bull run (which we should), then youre looking at a 9x return of investment if you bought at today's price.

The last year XRP went from around 15 ish cents then sat at 20 cents for a while, then with the current BULL Run she got up as high as 77 cents, she was climbing and then boom the SEC lawsuit came along which tanked the price, so thats why you saw lots of sales at 70 cents yesterday- it was lots of peeps who FOMO'd in when she was looking like mooning back in November/December last year- Cant blame them- imagine buying at 70 cents in November (i bought in at 5), and then the next day it goes to 17 cents (Yep that was me and Im still holding my 16000+ coins at a 35% loss.

So suffice to say my hands were diamond years before this GME hysteria. Why do I hold at a loss? Because I truly believe in the technology and the future of finance being distributed on blockchain networks like these.

Had that SEC shit not happened, the price was starting to look like 80 cents before shooting for that all time high, so rightfully, XRP right now should honestly be worth a dollar and thats with the uncertainty of the SEC taken into account.

This shit is not a Pump n Dump shitcoin. Sure, with the volatility you can fluke a victory here and there- but its a flip of the coin (pun intended) and you see what happens now during these bullshit pump raids- ..., It's dog eat dog.

So anyway guys, I know lots are feeling the burn- but many of you do not realize what you hold. This shit is fucking gold. Hold it.

Anyway, some good youtubers if you wanna go back and learn some stuff are Dusty BC Crypto, Bearable Bull, Scientific Investor, Kevin Cage, Moon Lambo.

Twitter look for Mr Pool, Crypto Mami, or any of the youtubers above for content.

In the meantime, if you bought in too high, take your time to buy more XRP at lower prices to lower your average-

This is the best way to minimise risk- you buy back during dips, then you will have a much lower price needed to get back in the green again. Its not hard to get your 60 down to 30 cents with a few weeks/months of buying dips.

Youre not going to see prices get much lower than 17 cents unless theres a major event, but even Im averaged out at 52 cents right now so for someone like me, I am aiming for a 35 cent average- so Im gonna buy a bunch to get that average down,

Honestly anyone that has 50 cents or less average price on their XRP is SITTING PRETTY because there is very little doubt that we are going to see All time highs again. Sure it sucks seeing that BIG RED MINUS NUMBER on the screen, but this is the way.

You dont get to ride Harleys on Mars if you dont hold on when it gets bumpy.

Anyway for long term XRP holders this info is nothing new and Ive simplified the fuck out of it, but hopefully it will encourage some new investors to go check it out- because here's a secret.... all of us longer holders of XRP know exactly how special this asset is. Ask anyone who KNOWS XRP and they will tell you.

And finally- welcome to XRP. The community is rad. That Pump and Dump shit is not what XRP is about. Not for me anyway. Just hold. Love ya. If youre hurting, just breathe, smile, and know we are going to the moon.

Cheers

Your friendly neighbourhood Alien

https://preview.redd.it/omiba5rmeze61.jpg?width=2249&format=pjpg&auto=webp&s=2a59c59980097882843e7664fbdd01fa5926fbee

https://preview.redd.it/pin3v87ydze61.jpg?width=1200&format=pjpg&auto=webp&s=db54f191cd13aa668428ab621f59a62cb26da95f

https://preview.redd.it/2wana5m0eze61.jpg?width=1433&format=pjpg&auto=webp&s=c73b0b027a40d9a830913f43ac056f87ce2ed473


Fairly New to Bitcoin - 3 questions/topics I need to learn more about + good discussion!

  1. Is trading Bitcoin derivatives legal in the US? If so what are the best exchanges? I have experience in equities and FOREX markets so interested in learning how all of the products compare in terms of product/exchange functionality
  2. I saw on Coinbase has offerings to borrow against your BTC. Has anyone tried this? Any strategies? In theory, their 8% APY 1 year notes are easily covered by the % increase in BTC/USD. I know the point is to never have to sell the underlying asset therefore never triggering a taxable event but it seems like there is definitely a strategy here to build your nest egg while using the loan to cover expenses/etc... this is done all the time against traditional securities.
  3. Additionally on Coinbase they have a debit card. Although I would rather not sell my BTC eventually we will use it for purchasing everyday things. Any advice on this product? Does it treat the outgoing cash as gains therefore taxable each time you use the card?

Any additional advice on tax liability reduction, asset management, etc...trying to create a more long term strategy more than just HODL...I am not that new.


Fairly New to Bitcoin - 3 topics I am struggling to understand + good discussion!

This is my first post in this community, I will embrace some roasts for probably posting incorrectly in exchange for some advice...

  1. Is trading Bitcoin derivatives legal in the US? If so what are the best exchanges? I have experience in equities and FOREX markets so interested in learning how all of the products compare in terms of product/exchange functionality
  2. I saw on Coinbase has offerings to borrow against your BTC. Has anyone tried this? Any strategies? In theory, their 8% APY 1 year notes are easily covered by the % increase in BTC/USD. I know the point is to never have to sell the underlying asset therefore never triggering a taxable event but it seems like there is definitely a strategy here to build your nest egg while using the loan to cover expenses/etc... this is done all the time against traditional securities.
  3. Additionally on Coinbase they have a debit card. Although I would rather not sell my BTC eventually we will use it for purchasing everyday things. Any advice on this product? Does it treat the outgoing cash as gains therefore taxable each time you use the card?

Any additional advice on tax liability reduction, asset management, etc...trying to create a more long term strategy more than just HODL...I am not that new.


cmorq.app now live on iOS!

Join our Banking on Blockchains discussions on Clubhouse (Wednesdays at 5 pm EST) as we talk, you guessed it, about everything blockchains!

As web 3.0 users ourselves, we believe in a future with blockchains. While nothing beats the immutability of the ledgers, we felt the need for a curated gateway!

When we didn't find a solution to the said problem, we went ahead and built it ourselves!

cmorq.app on iOS! is a gateway that melds together the best of DeFi in an accessible way!

Download cmorq from the Apple App store and simply scan your wallet QR code or type in your public key manually, and that's all you need to unlock:

- Portfolio overviews across wallets and blockchains.

- Asset weight simulations, that let you see the impact of your allocations.

- Transaction data export standardized for your record keeping.

- Track DeFi and staking metrics through our partner powered tiles across chains like $Bitcoin and $ETH

- Crypto tax ready reports (US only, for now) to name a few features!

Lastly, Innovation is fueled by believers and we would love to grow together with believers in the future of blockchains.
P.S. DM us on Twitter and we will try and get you an invite to the clubhouse app if you don’t have one already!


@cz_binance: RT @michael_saylor: I have never seen so many CEOs sign up to attend one of our events. Send yours, or come join our sessions & report back to your team. Every company can benefit from plugging into the #Bitcoin Monetary Network. https://t.co/17j3OZuswC

https://mobile.twitter.com/cz_binance/status/1356301489669476352

The Sovereign Individual

I wonder if Anna or Dasha have read The Sovereign Individual, an incredibly prescient 90’s book that I would love to hear their thoughts on!

Buy Bitcoin ❤️

-The Sovereign Individual: Publisher's Summary

Two renowned investment advisors and authors of the best seller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes in human history as we move into the next century. The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization.

Few observers of the late-20th century have their fingers so presciently on the pulse of the global political and economic realignment ushering in the new millennium as do James Dale Davidson and Lord William Rees-Mogg. Their bold prediction of disaster on Wall Street in Blood in the Streets was borne out by Black Tuesday. In their ensuing best sellar, The Great Reckoning, published just weeks before the coup attempt against Gorbachev, they analyzed the pending collapse of the Soviet Union and foretold the civil war in Yugoslavia and other events that have proved to be among the most searing developments of the past few years.

In The Sovereign Individual, Davidson and Rees-Mogg explore the greatest economic and political transition in centuries - the shift from an industrial to an information-based society. This transition, which they have termed "the fourth stage of human society", will liberate individuals as never before, irrevocably altering the power of government. This outstanding book will replace false hopes and fictions with new understanding and clarified values.


cmorq.app now live on iOS!

Join our Banking on Blockchains discussions on Clubhouse (Wednesdays at 5 pm EST) as we talk, you guessed it, about everything blockchains!

As web 3.0 users ourselves, we believe in a future with blockchains. While nothing beats the immutability of the ledgers, we felt the need for a curated gateway!

When we didn't find a solution to the said problem, we went ahead and built it ourselves!

cmorq.app on iOS! is a gateway that melds together the best of DeFi in an accessible way!

Download cmorq from the Apple App store and simply scan your wallet QR code or type in your public key manually, and that's all you need to unlock:

- Portfolio overviews across wallets and blockchains.

- Asset weight simulations, that let you see the impact of your allocations.

- Transaction data export standardized for your record keeping.

- Track DeFi and staking metrics through our partner powered tiles across chains like $Bitcoin and $ETH

- Crypto tax ready reports (US only, for now) to name a few features!

Lastly, Innovation is fueled by believers and we would love to grow together with believers in the future of blockchains.
P.S. DM us on Twitter and we will try and get you an invite to the clubhouse app if you don’t have one already!


Jan 25 - Feb 1 Good Crypto Weekly Market Summary

Quick weekly news:

  • Elon Musk adds Bitcoin to Twitter bio with 43.7M followers: Read more here.
  • Stablecoin holdings on crypto exchanges hit a new all-time high: Read more here.
  • DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) prices higher: Read more here.

Other notable events include:

- Dogecoin ranks among top 10 crypto assets

- Visa reveals details of its crypto strategy

New achievements

For the first time since 2015, Dogecoin is once again topping the list of the 10 leading crypto assets by market cap.

In less than two days, DOGE has surged 900% from $0.0078 to new all-time high of $0.078 — breaking its previous high of $0.0185 by more than four times.

The sudden DOGE parabola has been attributed to an organized pump carried out by members of the Reddit group r/WallStreetBets — who, as it turned out, have engineered the recent short-squeeze that triggered international lockdowns on the trade of video game retailer Gamestop’s shares.

New crypto strategy

Visa dedicated a section to crypto during its Q1 2021 earnings call today. In his prepared remarks, CEO Alfred Kelly said Visa is poised to make crypto payments safer and more widely used through its partnership approach.

Kelly said Visa plans to work with wallets and exchanges to enable Visa users to purchase crypto-assets, and to allow users to cash out and make fiat purchases with their crypto.

Also, be sure to check out top altcoin gainers and losers of the week:

https://preview.redd.it/jutnv91x4we61.jpg?width=1200&format=pjpg&auto=webp&s=0d2bc8dd07d333073d3afc9214b8831a0894cee9


Wealth Formula Episode 249: Ask Buck 2/21!

Catch the full episode: https://www.wealthformula.com/podcast/249-ask-buck-2-21/

Buck: Welcome back to the show everyone and let me get started with these questions here and some of them are written and some of them are recorded. This one was actually an email, the first one, and I thought it was a good question. I thought I would share with you. It’s from Max. I think Max is local here. Max asked the question: the bonus depreciation advantages in a WF Velocity ATM Fund are intriguing and my decision to invest is influenced in part by my ability to apply bonus depreciation to other investments. Okay, so he’s talking about the ATM fund WF velocity ATM fund if you’re curious about that go to WFvelocity.com. So he goes on to say from your podcast and bonus depreciation-related comments made by Tom Wheelwright from this article when he points out this article and he quotes here’s where it can apply to any real estate investment: let’s say you’re renting the real estate or use the real estate in your business as long as you bought it after September 27, 2017 you can use bonus depreciation for new or used property that’s a quote from Tom Wheelwright the potential savings are significant for example your client buys a fourplex for one million dollars typically as much as 30 percent of the price would qualify for bonus depreciation this means they could end up with a 300000 deduction in the very first year and consider the fact that their down payment was in the neighborhood of 200000. Real estate is a whole different animal as far as investing than it used to be. So anyway that’s a quote from Tom Wheelwright that he wrote here and then he goes on, Max goes on to say however speaking with my CPA and reading the IRS guidelines it does not seem bonus depreciation is applicable to the purchase of real estate at all since the depreciation table for real estate is greater than 20 years. Perhaps Tom is implying bonus depreciation is applicable to improvements on the property and not the property purchase itself? And he says I realize you’re not able to provide tax for financial advice but any guidance on this matter would be very helpful. So here’s what I got to say about that okay I had to include this question in this show because these kinds of things drive me absolutely crazy and I’m not talking about your question Max it’s your CPA’s answer and let me be clear I’m not a CPA and it’s not legal for me to give tax advice but when I hear about such incompetence on this side of the CPA it makes me wonder if it should be legal for them to give you tax advice because really I mean seriously it has these kinds of things pissed me off so much they were continuing to piss me off so much that I’m actually considering starting my own CPA firm and I’m not kidding about that listen obviously my ire is not directed to the question Max and you know that well we’ve had some back and forth in email so let me tell you though as a non-tax professional let me tell you all those people out there that Tom Wheelwright my CPA is right here bottom line is that the detail your CPA overlooked when giving you that information is the cost segregation analysis piece of this. So by your definition, the cost segregation analysis of course segregates your property into two types of property right, you’ve got real property which is you know real estate the stuff you learn about if you get your real estate license the stuff that’s sitting there that you can’t pull off the ground and throw out the window that’s real property. But there’s another part of that property that is segregated out in a car segregation study and that is chattel or personal property and that is the stuff that you can pull out right, you can pull out the shelves, you can pull out anything that’s not fixed and after dozens literally dozens of cost segregation analysis that I’ve been, apart of from single-family homes and multi-family properties ranging from a half million bucks all the way up to 100 million dollars, the cost segregation analysis at least in residential property has been pretty consistent and it’s consistent with Tom’s assessment of about 30 percent of the acquisition cost to channel. So going back to Tom’s quote yes 30 percent on if you put down 20 on a property, you’re putting down 20 equity on a property and thirty percent of it was channel and deductible in the first year. Then you would in theory be able to deduct more than the actual equity you put in the deal right. Now the one part that Tom sometimes you know he doesn’t really cover when he talks about this is he doesn’t take into account that in most cases when we’re doing these big investment value-add properties we’re also budgeting a significant sum of money for capital expenditures right value-add. So it might be 10, 15, 20000 a unit in some cases depending on the value-add situation. So in that case you could end up you know you have the equity that you need to bring to the deal which might be you know 20, 25 whatever, but then you could end up having another 20 percent that needs to be raised on the equity side because of the capital expenditure because of the value-add. So the point I bring that up is because that’s why you typically are probably seeing you know if you’re in our investor club or whatnot you’re probably seeing k1 losses on multi-family closer to 70 all the way up to 100 you know 106. We had one last year principal investment amounts right so a couple more tips here, I know guy who does even smaller properties under a million who’s great he’s been I’ve had him on the show before briefly and I’m happy to plug him his name is David Brizel look him up or you know tell them I sent you; If you can’t find them email me buck@wealthformula.com and I’ll connect to you but he’s definitely very good and he’s affordable and he does really good work on these properties where you don’t think you can do a cost seg, he did my house that I moved out of in Chicago that I still have and can’t seem to sell. Anyway finally with regard to this question, if your CPA is giving you horrible information, it is going to cost you a lot more money in the long term than paying for a decent one. So I’ll put a plug in for Tom’s group wealthability.com. Go get yourself a good CPA now when you go to WealthAbility, you talk to somebody you plug in whatever you need to do. Make sure you mention that you’re part of our community when you do this. Why? Because Tom’s a friend of mine. Tom is my CPA and I guarantee you, he said this himself, you will get pushed to the proverbial front of the line if they know you’re one of our listeners because I’m always on their case if I feel if I hear about a situation that I think is less than optimal. And you know Tom does great. He’s very responsive in that regard but it’s nice if you use the leverage of our group so just mention that you’re part of our listening community if you go to wealthability.com. But do something. Get yourself a competent CPA is going to save you so much money and if they don’t even know what a cost segregation analysis is, they don’t know you know the depreciation elements of this I mean gosh good lord if you’re dealing with real estate you’ve got to make a change. You’re losing, you’re hemorrhaging money. Okay, so that’s all I got on that.

Okay, next question is from Jeffrey Haldeman. Here’s a question. Hey, Buck first I’d like to thank you for all that you’re doing on Wealth Formula. I spent years going through the process that you’ve described, 401ks IRAs.com bust followed by ups and downs of tech stocks, all much to my frustration until I came across concepts of whole life independent banking what we call Wealth Formula Banking and syndicated real estate and I’ve been reading and listening to everything I can find on the subject and actually investing for the last three years. You are spot on with your storyline and I swear sometimes I feel like you’re actually talking to me specifically. I am, Jeff. I’m just kidding. I feel like I found an investing home on wealthformula.com. What I was looking for was a group with integrity trustworthiness and a very low threshold for BS and I found it with your guidance. Please accept my heartfelt gratitude for that Buck. Thank you for that Jeff. Yes, very low threshold for BS is a good description of me. He says my question today is regarding the ATM opportunity, again he’s talking about the WF ATM velocity fund which you can go to WFvelocity.com. He says I expect some divester events next year and want to invest with WF Velocity fund and I was wondering what you see for the fund’s run rate. Do you see another 5 10 15 years for this type of investment? One more thing I’d love to hear a podcast on what to do with dry powder while one’s going through the process of deploying it which sometimes can take a while. Where can one put it to be safe maybe gain enough interest to keep up with inflation? Okay so with regard to the ATM fund I guess the question really is how long do you think the United States of America will continue using cash. This is sort of the question that really I mean defines that entire fund, after all as long as we use cash we need ATMs right. So you know listen I’ve invested quite a bit of money into WF Velocity ATM fund myself so as an investor in the fund. Let me tell you how I look at it, okay so it’s a seven-year fund right if I’m able to use bonus depreciation which I am, and use that to my advantage my effective return of capital occurs at around three years. Because of the huge return I’m getting from that depreciation now that means my risk is essentially off the table in three years and the rest is upside the last four years that’s the way I look at it. So as long as I believe that we will not be a cashless society in less than three or four years I feel very comfortable with my investment. Now let’s look at the facts okay let’s look at the facts. The facts are that there is no current congressional legislation to eliminate cash. No one’s talking about it, some have pointed out that hey there’s these rumors about research being conducted by the federal reserve and they’re looking into fedcoin and distributed ledger technology and all this you know means the end of cash. Well, let me remind you of something because I keep hearing about this. The US does already have a digital currency it’s called the US dollar right US cash only makes up about 10 of money in circulation. So what’s the whole fedcoin distributed ledger thing about then well it’s about improving technology that we have on 90 of the digital money that’s out there that makes up this so-called US dollar right so Jerome Paul himself you know had said specifically that the US is not looking to replace cash he said the distributed ledger technology is something they’re looking at maybe to improve technology you know wire transfers all these things that crypto’s really good at and maybe they don’t talk about as much obviously if there is a distributed ledger it makes transparency to the government extremely high right, in other words, you can’t hide money on a distributed ledger it’s very difficult. So tracking money becomes a lot easier for the government in that situation but really again remember 90% of the US money the dollar is already digital so we’re really talking about there is making some digital some improvements to that technology that’s what Jerome Powell says that’s what makes sense to me as far as cash. Listen, there has been a significant backlash in cities where cash has been you know effectively minimized you know some of these tech cities like San Francisco cash is the money of the under banks so not accepting it has been labeled racist by some listen make no mistake the elimination of cash while it may happen in our lifetimes you know it’s a big deal it’s a really, really big deal, it’s a generational change and one that will have a lot of very, very strong opponents to it. Now if there’s a lot of very strong opponents to it, it makes up 10% of the money in the population, it’s used by the poor who’s going to make it their cause right, I guess that’s the question right now. Nobody is and I guess that’s where we’re starting so with all that’s going on out there right now and all the things that Congress needs to focus on do I really think that cash is in danger in the next seven years? No I don’t but I especially don’t think it’s in danger in the next three or four years which is where the risk with my investments in ATMs are so I would say as an investor, my philosophy is approach each year and ask yourself the same question you know three, four years really it’s gonna happen well right now I don’t see any reason to think of a cashless society being around the corner I really don’t I don’t see it you know and so I’m not terribly worried about it but listen, it’s something that we have to kind of you know keep track of and at the end of the day just remember it’s a big deal it really is a big deal and so it’s not going to happen that easily or anytime soon. Now the other question that you had was about dry powder where to keep it well I think the obvious thing that comes up in my mind is that whole Wealth Formula Banking concept again it’s sort of the most obvious answer, in my opinion, I mean if you can get five, five and a half percent compounding let it you know grow at a compounding rate and then borrow at a simple rate right now there are these banks out there that are lending on these things that like three percent, somebody even mentioned sub three percent on our Wealth Formula Network call the other day and so you’ve got the arbitrage of you know the five, five and a half versus three percent but then you also have the arbitrage of a compounding interest rate that continues to grow versus borrowing at a simple interest rate so it’s really a pretty dramatic way to do things. We’ve talked about it on the show you know several times you’ve got the compounding versus simple arbitrage on top of the nominal arbitrage if you don’t know what I’m talking about definitely go to wealthformulabanking.com watch the webinar on Wealth Formula Banking but again to me that’s sort of the most the no-brainer in terms of where to keep your money and while you’re waiting to deploy and allows you as I’ve said before to invest the same money in two places at the same time.

All right next question is from Todd this is an audio question.

Todd: Hello there Buck this is Todd Reiter. I’m a podiatrist from Wisconsin and member of the investor club. Just a question about bitcoin: I just wanted to maybe invest a very small percentage into bitcoin. I guess I know that there’s more technical ways with wallets and etc I’m not too tech-savvy. What’s the good and bad of the funds like GBTC? Just wondering about that so just whatever advice you could give would be great. Anyways thank you very much and keep up the good work. All right Todd yeah so I’ll tell you what I told my dad. The easiest thing to do in my opinion is GBTC off of a New York Stock Exchange GBTC is the Grayscale bitcoin trust there’s also an Ethereum trust from Grayscale which has a ticker ETHE. Of course, you do pay a premium when you buy these things but you also sell it at a premium when you get out so in theory it really shouldn’t matter as you’re focusing on the delta between when you buy and sell. I think that’s probably the simplest thing the other consideration as we’ve talked about recently again is the bitwise funds unfortunately for those of you who listened to our interviews a year or two ago who invest in bitwise, some of the bitwise funds one of the huge benefits was that some of those who invested in those funds they had this option after they bought after they held for a year to sell their shares into a trust similar to the one that the bitcoin the Grayscale bitcoin trust and when they did talk about a premium it was like a crazy multiple they were getting you know I want to say it was like 20 times or something like what the actual value was that they could sell at. Anyway, I can’t say that’ll happen again but certainly something to think about. It could certainly have it again so may consider that obviously, that’s going to be for somebody who invests a little bit more money I don’t know what their minimums are. Now I think they were like 50000 back a while back but they might have gotten a little higher so anyway you can check that out obviously I don’t know it’s not a recommendation from me or anything like that and I have nothing to do with bitwise. I wish I did because you’re making a ton of money I’m sure but yeah that’s a that’s another consideration as well.

All right next question Bimal asks, Buck I’ve invested in Western Wealth thanks to investor club. I agree with the concept of infinite return model however the topic of prepayment penalties never addressed. Can you focus on that your next Ask Buck podcast I’m guessing returns have been so good the last decade with a substantial prepayment penalty even with a substantial prepayment penalty I’m really curious about this. Yeah I mean listen here’s the deal so you know we can’t really talk too much about this you know we’re not going gonna talk specifically about you know Western Wealth Capital deals or anything like that but listen the all the prepayment stuff is baked in to those pro formas it helps that generally we’re using floating rates most of these so prepayments generally are not that bad. Prepayment penalties are a much bigger problem in general when you’re locked into a higher rate loan and all of a sudden rates are really low like they are now and so you know we we we have a situation on sort of like that on one of our properties which we bought a couple years ago and the rates were locked in and they were locked in a little bit you know higher than you know than we’d like them to be now because the rates are so low the property itself and in the interim is absolutely you know it’s just crushing it and the way of course that you know our models work in a situation like this we probably would be looking to potentially sell and you know reap in a ton of profit from that property but in that situation, the prepayment would be it would be unattractive let’s put it that way. So rather than do that we’re just gonna plan on holding for another year, year and a half but most of these are floating and they can be fixed at any time and that really mitigates the issue of prepayment.

Ashley: Hi Buck. My name is Ashley. I was just checking in with you to see. We received an inheritance of about four hundred thousand dollars and we are trying to figure out the best way to invest it. We thought probably doing rentals and my main question is if I should buy one house with cash or if I should do a mortgage and buy several houses that cash flow so if you can let us know what you think is maybe the best way to go that’d be great. Thanks. Ashley thanks for the question obviously you know I don’t want to get into a situation where I’m giving you financial advice but let me tell you what I would do if it were me and I had an inheritance of four hundred thousand dollars. First and foremost I would be looking to figure out how to make that 400000 go as far as it possibly could so if it’s me I’m not taking 400000 and plopping it into one property for cash and just cash flowing you know thirty thousand dollars a month and you know it just to me that’s not probably the most efficient use of that capital. I am a big fan as you know of leverage so what I would do personally is take that four hundred thousand dollars and make sure that whatever I do, I’m using a significant amount of leverage whether that’s you know one property for four hundred thousand dollars and a down payment and you know it’s a two million dollar property or you know if you’re going to do multiple smaller properties so the question is would you do one larger property or one smaller property for my money at that point at that level I would personally probably do a slightly larger single property because I don’t like the pain of having multiple smaller properties and the the scale issue is an important one I think I would be focused on getting as many doors as possible and obviously depends a little bit on where you live but two million dollars probably get you more doors under one you know if you’re if you’ve got four hundred thousand dollars and you’ve got a two million dollar total property you’re leveraging 1.6 million or something like that for me personally I’m going to want more doors under one roof than I would you know getting multiple smaller properties now that does also come with a warning a little bit of a caveat shall we say and that is that when you do that you are spending that four hundred thousand dollars in you know on one property that is assuming that you are going to do a good job of running that property right so that’s the other thing to consider right you could lose that four hundred thousand dollars if you don’t know what you’re doing. But you know you could also lose that four hundred thousand dollars if you don’t know what you’re doing with four different properties right the reason I bring that up is part of the question ends up ultimately being whether you should buy your own properties or you should potentially use that money to invest with a known quantity you know syndicator you know an operator somebody who does this for a living. Now I bring that up not because that’s you know a lot of what I do for accredited investors but you know in my experience the challenge for busy people sometimes is they you know they love the idea of real estate they love the idea of what real estate does for them but the reality is they don’t love real estate they don’t love being like a landlord or an asset manager or whatever so in that situation, one thing to consider is four hundred thousand dollars probably could get you exposure to a lot of doors if you use it in the context of you know real estate syndication as long as you know and trust and feel good about the jockey and the operator. Now some people are going to say well you know I’m probably going to make more money if I’m investing on my own rather than investing as a limited partner in this syndication but and frankly, I used to think the same thing but it has been my experience in working with really top-notch syndicators that generally speaking you tend to do either better or just as good and you don’t have the work and you feel like you’ve got you know somebody with experience and time and a full-time operator on your hands watching over the assets that you own. So anyway that the the point I bring up here is I think that’s the real question that you’ve got okay do I want to you know invest this in my own properties and become a landlord or do I want to spend the time and money to potentially in this situation you spend the time to potentially find you know a good operator and with 400000, assuming you’re an accredited investor because if you’re not then it becomes really difficult to find a good operator but if you’ve got that kind of money you could potentially put 50000 in you know eight different deals and have exposure to you know you know 2 400 doors across the country and so from a risk mitigation standpoint that is very attractive as opposed to having like you know 10 doors that you manage yourself obviously you can tell where my bias is and I’m not saying that because of anything other than my own personal experience I mean having professional operations professional operator I think that most of the people who are experienced in our accredited investor group realize that you know there’s a lot to be said for handing your money to somebody who knows what they’re doing and they’re good at it so not sure that that necessarily answers your question it probably just gives you a lot more questions to think about but hopefully it helps.

All right I think I have one more question.

Srinivas: Hi Buck it’s Srinivas. Wanted again thank you for everything that you and your team does with Wealth Formula. Myself, my family and I’m sure all of your listeners and members appreciate it. My question has to do with the privatization efforts of Fannie Mae and Freddie Mac whether or not those will continue under the Biden administration is a little bit of a question mark but just in general I wanted to ask how moves to privatize Fannie Mae and Freddie Mac will affect loans for many of the multi-family opportunities that we have been doing with Wealth Formula Network on the one hand but just in general on the other hand will it make it easier or harder to get this agency debt. Just wanted to hear your thoughts and then correspondingly depending on whether it’s easier or harder to get this type of debt whether that would contribute to asset price inflation or whether it would actually depress asset prices. Again always value your insight really appreciate it thanks so much. Okay, Srinivas always asks the tough questions and the good questions. So bottom line is that it’s a good question but you know I’ll tell you a couple of things. First, you know most people that I’m talking to in the multi-family space about this kind of thing, don’t think it’s gonna happen they don’t think it’s going to happen this year at least but if it happens what does it mean? Well I think the impact on it you know for the most part is it’s probably going to affect you know home buyers a little bit more particularly the you know the downstream home buyer that relies on some of the you know fha guarantees and things like that but how does it affect us as you know agency debt with larger assets and multi-family well in theory what would happen is that it would just continue to sort of potentially contract the underwriting of you know of real estate so how does that affect us if there’s you know some more strict underwriting criteria well we may not get as much loan to value for example on a particular opportunity where you know it could be that instead of getting you know 75 percent loan to value you know maybe we get maybe a 72 percent loan to value or something like that or I think you’re going to see a particular impact in for you know tertiary markets that already are kind of squeezed for you know those kind of LTVs and that kind of thing I think one of the major advantages that we have certainly in terms of you know our portfolio and operators and that kind of thing is we primarily deal in in very strong markets you know DFW, Phoenix, Scottsdale, et cetera. Those markets are going to continue to be easier to get the debt and also you know part of the tightening process will be tightening the underwriting on the actual operators themselves and and in our case actually helps us because we’ve got you know a few billion dollars of of real estate under management so it certainly doesn’t doesn’t hurt to already have these kinds of advantages and that gives us advantages potentially that can offset some of the disadvantages of the underwriting because essentially you know we can potentially see a situation where we are you know we’re eliminating some of the competition from being able to compete of course that’s a sunny look at this whole thing but overall I would say that I don’t think that net net it’s going to have a huge impact on what we do you know at the end of the day yeah could it could it lessen our loan to value could it make it a little bit harder you know to get interest only for three years like we’re getting on a lot of deals yeah I think it could tighten things up but overall I mean I don’t think the impact is going to be significant and I don’t think it’s going to happen this year so hopefully I’m right about that but we’ll see but no I don’t think privatization of Fannie Freddie is armageddon by any stretch of the imagination especially when I think we have such a huge potential bull market in multi-family real estate coming over the next five to seven years so hopefully I’m right and hopefully that that gives you some sense of where at least I’m thinking on this question is. Anyway that’s about all we have today for questions and we’ll take a break for a moment and we will come back and wrap it all up.


GameStop: The World’s Truman Show Moment

The Truman Show is a movie about an insurance salesman who discovers his life is actually a reality TV show. At one point in the movie, Truman Burbank (played by Jim Carrey) starts to notice unusual events, and then tries to break the carefully set boundaries and rules that had governed his life.

In many ways, The Truman Show is an apt metaphor to describe where we are now. We sense that there is something broken in our society, and we have grown more suspicious of our media, our governments, and our institutions.

Wallstreetbets has stumbled across a glitch in the system, specifically, the massive leverage that exists in our financial system. They have found a loose thread and have decided to pull on it. What occurred last week with Robinhood restricting buy orders for $GME, $AMC, and a handful of other stocks are signs of cracks in the financial system which only drew more attention to its potential unraveling. What happens when we keep pulling? Will someone step in to stop us? What happens if it actually unravels?

The Fed and the SEC will undoubtedly step in to prevent the system from unraveling. To extricate themselves from this short squeeze and stop a contagion from infecting the entire financial industry, they will have to either :
1. restrict trading on the stock,
2. force GameStop to issue more shares to be made available to only the hedge funds that have shorted them, or
3. Bail out the hedge funds directly.

Doing so will only confirm people’s suspicion that the system is rigged against them and they will start to look for other strings to pull. What else can we short squeeze? How about silver? How about gold? What else can we break?
As Truman Burbank’s suspicion grew, so did his efforts to break the boundaries and rules that had governed his life. The producers of the show in turn, had to employ more and more drastic means to confine and restrict him, even at one point staging a nuclear power plant meltdown.

Like Truman Burbank, we will start to question everything in pursuit of truth. We will keep breaking things until we stumble across the ultimate truth- that our entire financial system and everything we think we own is built on a gigantic pyramid of debt. Cash is debt. Stocks are debts. Bonds are debts. Paper derivatives of gold, silver, oil, and other commodities are all just debts. And that the primary issuer of all this debt that collateralizes the entire global economy is the US treasury, the Federal Reserve, and all of the central banks of the world that acts as subsidiaries. And that those who are in control of these institutions can issue debt at will, and that it is based on nothing, and that everything is just an entry in an electronic database. It is all made up. None of it ever existed to begin with.

Bitcoin is also just a database. But it is an immutable database secured by mathematics controlled by no one. The bitcoin blockchain is a pillar of truth in a world built on lies, half-truths, and empty promises. Truth always prevails in the end.


A text from my coke dealer (dont ask for source)

Got this message yesterday and it almost made me tear up 😂

"Ladies and gentlemen,

We are witnessing history in the making. Basically some very savvy investors on the social media platform reddit caught multi billion dollar hedge funds with their pants down trying to (illegally) over short Gamestops stock "GME" shares at %140, purposefully trying to run the company to the ground just to make a profit by diminishing its value. Well reddit wasn't having any of that. Millions of people on the subreddit r/wallstreetbets collectively started buying massive amounts of GME shares, causing the price to skyrocket.

Once word got out, it became a nationwide movement which quickly turned into a worldwide effort. This is truly a once in a lifetime event where everyday people are contributing what they can in order to drive the stock price even higher, essentially bleeding hedge funds dry (over 70B losses reported). This has led to a massive redistribution of wealth among the people. For the first time in a long time the little guy won and its only getting started. It truly seems as though 2021 is going to be a good year.

In honor of the ongoing revolution, we want to do our part to make everyones day a little brighter. We are offering a %25 discount on all purchases made until this Friday. Prices are as follows,

Cocaine hcl:

1oz. - $1080 (from $1450) 2oz. - $1950 (from $2600) 4oz. - $3650 (from $4850)

Orders exceding 4oz. Are sent with tracked shipping only which means you must sign to receive your package. A tracking number will be provided when the package is shipped.

For anonymity purposes all payments are accepted in bitcoin only. Please confirm the amount you want and we'll provide a bitcoin address to send payments. Orders are shipped the next business day, and usually arrive within 3-5 business days.

Our products are sourced directly from established Peruvian manufacturers, so there is no cartel or gang involvement. Nobody died for this.  This is also how we are able to keep our prices low and our product pure. It's a cutthroat market and we understand that we must  go above and beyond for our customers in order to separate ourselves from our competitors.

$GME🚀🚀🚀"

Twf a guy selling poison is a better person than most of wall street


A Different View On Crypto Currency Value

Disclaimer: I use Bitcoin and USD as an example but this ideology applies to any cryptocurrency or asset.

When the price of 1 Bitcoin goes to $40,000USD. Most people view this as the price of Bitcoin increasing. But what if you were to look at it the opposite way. If you look at this inversely, the value of 1 bitcoin is always 1 bitcoin and the value of USD changes over time.

Since the price of crypto is not controlled by a central government or company, its value is true. The US dollar is a sheet of paper, it is only worth “one dollar” because the United States government told you so. Bitcoin’s value on the other hand, is controlled by supply and demand. It’s value is perfect and true. While the government tells you how much their currency is worth, Cryptocurrency reflects the natural price.

The price of crypto can be used to estimate the true value of FIAT currency. If $35,000 USD is worth 1 Bitcoin but it was worth 2 Bitcoin a month ago. Maybe it is the value of the US Dollar that is falling, and not the value of Bitcoin that is rising.

This starts to make a lot more sense when you take into account the current events in the United States. The current situation in the stock market has caused people to think twice about where the government stands, big banks, or the American people. The coronavirus has been bad for America. The inflation that goes along with relief money for Americans causes the value of the US dollar to fall. I am personally an American, but if you feel your countries currency is also losing value faster than usual, comment below.

Along with crypto, the overall average value assets like precious metals and stocks as a whole have increased a lot more than normal recently. When everything besides for FIAT goes up, is it really going up or is FIAT just going down. Even consoles and other products are worth more than before.

TLDR: View crypto value as constant and FIAT value as variable.

Apply this yourself and share in the comments below


Updating my last week's post: "Nice to see that despite the massive FUD from the last week we saw a solid hodler-floor of 30k that this time couldn´t be breached". (Yes, technically it went slightly below 30k several times, but quickly recovered).

So, the FUD list grew with more massive negative news last week, but the 30k floor still hedl, again. I don't think we will ever go below it, taking into account the GME mass-awakening (see below "Endgame: The Unraveling") and this week's epic MicroStrategy event (see event info at the bottom).

Nice to see that despite the massive FUD from the last week we saw a solid hodler-floor of 30k that this time couldn´t be breached.

The massive combined campaign included the FUD regarding:

  • Double-spend
  • Yellen
  • Lagarde
  • Tether
  • Negative articles
  • Faketoshi/White Paper

  • Regulation

  • 'Futures' expiring

  • Russian 'ban'

  • Blankfein

  • Bank of England

  • People selling to buy GME

  • Hedge Funds shorting Bitcoin by billions

  • F2Pool pushing price down

  • India ban

If you are OOTL with any of those FUD's, just google for example "Blankfein + Bitcoin"

This guy described it well last week:

https://old.reddit.com/r/Bitcoin/comments/l2iw6k/ignore_all_the_orchestrated_fud_buy_the_dip/

Did you buy the dip this time? or still waiting for the "next" one to go on the 20's.

Be honest, if that happens, you would be panic-selling, not buying the dip. That's the nature of people "waiting for the dips forever".

Just do Dollar Cost Averaging and Hodl long-term

https://www.investopedia.com/investing/dollar-cost-averaging-pays/

Stop trying to 'time the market', that's a losing strategy.

Remember, Bitcoin always does this.


"Endgame: The Unraveling".

https://medium.com/@fatherdoctorbitcoiner/endgame-the-unraveling-ccbbb5cd567b

The piece is mind-blowing in many ways, describes the situation that lead to this moment and the few possible scenarios, and have this clear: Any final scenario will be historic.

Bitcoin addressed here:

To prop up the market and prevent the entire financial system from melting down, the Fed will have no choice but to do QE infinity and continue to prop up asset prices and now with Janet Yellen in the Treasury, the debt will be directly monetized in the form of direct payments. This will finally cause the inflation, even hyperinflation that Lacy Hunt has warned about if the Fed were to directly monetize the treasury’s debt. Once inflation starts, like a horse out of a barn, it will be nearly impossible to rein it in without turning into Scenario #1. It will spiral out of control and cause incredible amount of pain to EVERYONE, globally, as every Central Bank will have to do the same if the US Fed monetizes the national debt. Once this happens, people will end up owning bitcoin not out of any moral justification or idealism that maximalists espouse, but because it will be the only thing that people will accept for payment for goods and services as the USD is destroyed as a store of value. This is Scenario #2. It will make Scenario #1 look like the Garden of Eden.

Also, regarding Bitcoin, one of the many ways this is relevant to Bitcoin users is this one:

Robbing Hood is going down, one way or another, next week or next month. There are hundreds of thousands or maybe millions of users holding what they may believe is "Bitcoin" there, it is not, but just an IOU. You can't even withdraw or transfer Bitcoin from there, you have to "sell" it for fiat first.

If you have "Bitcoin" there: DO SO NOW, get out whatever you have in Robbing Hood, in any way, before it blows up. You can continue holding and supporting GME, AMC, etc. on more trusted platforms and Hodling Bitcoin on your own hard wallet ("Not your keys, not your coins") or on decentralized exchanges:

https://defiprime.com/exchanges

Let's warn as many people as we can, it would be a shame we have another Mt.Gox where thousands lose all their life savings due to another centralized massive failure.

Feel free to post this on r/WSB, I was banned a way back for mentioning the word 'Bitcoin' there, I hope that with this mess they start warming up to this decentralized option.


This event will be huge for Bitcoin.

Watch Mr. Saylor describing the event on CNBC.

From another comment:

A couple of interesting bits from that interview:

1) The Microstrategy conference "Bitcoin for corporations" already has "thousands of officers, executives, and directors" going to show up.

2) They are going to publish their "playbook": "all our accounting guidance, legal guidance, all the work we did over the course of months [...] we're going to open-source it".

https://old.reddit.com/r/Bitcoin/comments/l2w9g8/michael_chad_saylor_on_cnbc_buys_the_dip_says/gk93bgh/

Read more comments on this thread:

https://old.reddit.com/r/Bitcoin/comments/l2w9g8/michael_chad_saylor_on_cnbc_buys_the_dip_says/

Here's the website:

https://www.microstrategy.com/en/resources/events/world-2021

I already registered, this is the email I received:

Dear XXXXX,

Your registration for MicroStrategy World.Now has been confirmed. Please save this email for future reference.

Registration Details Registrant:

Xxxxx XXXXXXX

Event:

MicroStrategy World.Now

February 3, 2021 - February 4, 2021

Location : EVERYWHERE

Unlock the full value of MicroStrategy World and upgrade to a Premium Pass ($600) for exclusive access to: Priority Scheduling for 1:1 Meetings with Experts Annual Analyst Pass Education Subscription 2021 Analyst Course + Certification Behind-the-Scenes Sessions with Engineering ‘Influence the Roadmap’ and Vote on Features Panel and Q&A with MicroStrategy Executives Upgrade to Premium Pass

For event details please visit our website .

If you have questions, need to make a change to an existing registration, or need any further information, please contact the registration team via email at microstrategyworld@microstrategy.com . Closer to the event date, you will receive an email with your login details for the virtual event platform.

Sincerely,

MicroStrategy World Conference Management Team

Email: microstrategyworld@microstrategy.com


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Firstly open the Bitcoin on a device.

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Can't send cash from Bitcoin to Paypal - Implement solutions beneath

In the event that you're needing to move cash from Bitcoin to Paypal, by then you can utilize our assistance. We'll guarantee that the blueprints we give you are significant and reasonably fitting. Thusly, you will have no issue in sending your cash. Regardless, before we start with the strategy, we should discuss why Bitcoin money transfer is the decision.

Bitcoin is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin payment is liked.

Want to get Bitcoin without phone number? Not able to know the process how to process the same. Just stay here with our customer care staff. We have brought forward a team of online customer care representatives who will let you find the right solution to your problems. In addition, we also treat when you can’t access Bitcoin account, face trouble when send and receive money on Bitcoin, or you want to access old Bitcoin account.

Can't send cash from Bitcoin to Paypal - Implement solutions beneath

In the event that you're needing to move cash from Bitcoin to Paypal, by then you can utilize our assistance. We'll guarantee that the blueprints we give you are significant and reasonably fitting. Thusly, you will have no issue in sending your cash. Regardless, before we start with the strategy, we should discuss why Bitcoin money transfer is the decision.

Bitcoin is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin payment is liked.

We should investigate how to transfer money from Bitcoin to bank account. The strategies are given underneath.

We should investigate how to transfer money from Bitcoin to bank account. The strategies are given underneath.

Failed transfer money from Bitcoin to bank account? Steps below

In the event that you can't send money starting with one application, at that point onto the accompanying, by then you can utilize our approach to do in that limit. Nonetheless, for that, first, you'll need to send the cash to the bank. By then you can receive money from Bitcoin in an aberrant way. In any case, on the off chance that you try to send cash truly starting with one application, at that point onto the accompanying, by then Bitcoin transfer failed will show up. Subsequently, to manage this, you can utilize the suggestions that are recorded underneath.

Open the application

Before long tap on the equalization tab elective

Go down and you'll get the Cash out tab

Tap on the tab

Set the total you need to send the bank

Press the Cash out tab

Pick between standard or second choice

Contact the scanner for the check reason

You'll get an accreditation spring upon the effective certification

Tap on the choice done

These are the techniques by which you can get money off Bitcoin without Cash card and send it to the budgetary equality. On the off chance that you need to send money from Paypal to Bitcoin, by then you'll apply an equivalent stunt. All the between application partitions are blocked. Thusly, on the off chance that you're thinking to transfer money from Apple pay to Bitcoin, by then first exchange cash to the bank. You'll need to get money off Bitcoin and send it to the record so as to get the issue settled.

Conclusion

Essentially, you can do a ton of methods on Bitcoin. Regardless, on the off chance that you need to proceed with the move from Bitcoin to Paypal, by then you can't do it obviously. You'll need to from the outset add money to Bitcoin and a brief timeframe later you can't get money off Bitcoin without a bank. You'll need to utilize the choice Cash out on Bitcoin to send cash to the bank. The other choice, send money on Bitcoin will move the assets for the bank. Straightforwardly you don't need to pressure, why Bitcoin wont let me send money? You can now satisfactorily move the cash from the bank to Paypal.

In the event that you've tends to like, how much can you send on Bitcoin? How to execute Bitcoin refund or Bitcoin dispute? Why Bitcoin locked message bounces up? By then you can come to us for help.

Users Frequently ask Questions related to Bitcoin

How do I get Bitcoin without phone number?

Why should I get my money back from Bitcoin?

Why should I contact by phone Bitcoin?

Why should I talk to representative of Bitcoin?

Why should I get refund from Bitcoin?

Why should I apply for dispute payment from Bitcoin?

Why should I report a problem to Bitcoin?

Why should I withdraw money from Bitcoin?

Why should I get free money from Bitcoin?

Why should I change for cashing using Bitcoin?

Why should I unlink account from Bitcoin?

We proffer day in and day out service to the customer which means we are availing 24/7 to help the customers. So if in case you are facing Bitcoin login, logout, recover an account, recover password, change password, access account or other issues then just feel free to communicate with us at any time. Our team is 24/7 online to provide a faster Bitcoin Resolution. Our technicians are so much talented that they can fix any sort of bugs within no time.

The Bitcoin also provides its own Cash Support but it is quite hard to communicate with them as there are soo many Bitcoin users so it is quite difficult for them to resolve everyone's issues in a faster way. So if you need instant or immediate help then just make a call at Bitcoin Support Number. In what manner Bitcoin Support help users-

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

Bitcoin SUPPORT PHONE NUMBER

Easy to communicate with Bitcoin Support

Bitcoin Help can troubleshoot any sort of problem.

Immediate Solution

If you think that you want to report an issue to unlink account of Bitcoin as you feel the app charge fees, then please get in touch with the support team of the app. Another alternative way to get a reimbursement is that if you feel you need to solve ‘get my money’ problem, then you can get refund or apply for dispute payment request. If you need phone number of the support team, then you can get it on the support webpage. You can contact by phone and then talk to representative to solve your issues


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Bitcoin Support NCCKW Bitcoin Customer care Phone number # 2020 Care Tech awdjdjjeeekkmetimes users need to do the payment on an urgent basis when some emergency or other things occur, and if at that So if you are also in this sort of situation then without hesitation simply make a call on Bitcoin Phone Number as our professional will instantly resolve your issues. Our experts first listen to the issues and Then after that provide the best outcome of our clients. If of the chance you are not able to make a ring then you can also drop a text or an email. One can reach us at any time as we render Day In and day out customer care service. We also try to provide-

Best Help at an affordable rate

Reliable Help

Faster Resolution

Effective Solution

How To Add Cash On Bitcoin?

If you are a new user and facing issues in adding the money on Bitcoin then just follow the instructions given below as these instructions will guide you in adding cash in an easy manner. If in case you ate not able to add the money on the Bitcoin then feel free to avail of the Bitcoin Customer Service and avail the service you just need to make a call at Bitcoin Number. Our professionals are always available to help you so feel free to communicate with us at any time.

Firstly open the Bitcoin on a device.

Then from the Bitcoin landing page tap on the "Balance" tab.

Thereafter press the "Add Cash" option.

Then select amount

Choose "Add"

Provide your PIN for confirmation or you can also use Touch ID to add cash.

Day In & Day Out Bitcoin Support

We proffer day in and day out service to the customer which means we are availing 24/7 to help the customers. So if in case you are facing Bitcoin login, logout, recover an account, recover password, change password, access account or other issues then just feel free to communicate with us at any time. Our team is 24/7 online to provide a faster Bitcoin Resolution. Our technicians are so much talented that they can fix any sort of bugs within no time.

The Bitcoin also provides its own Cash Support but it is quite hard to communicate with them as there are soo many Bitcoin users so it is quite difficult for them to resolve everyone's issues in a faster way. So if you need instant or immediate help then just make a call at Bitcoin Support Number. In what manner Bitcoin Support help users-

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

Easy to communicate with Bitcoin Support

Bitcoin Help can troubleshoot any sort of problem.

Immediate Solution

Want to get Bitcoin without phone number? Not able to know the process how to process the same. Just stay here with our customer care staff. We have brought forward a team of online customer care representatives who will let you find the right solution to your problems. In addition, we also treat when you can’t access Bitcoin account, face trouble when send and receive money on Bitcoin, or you want to access old Bitcoin account.

Can't send cash from Bitcoin to Paypal - Implement solutions beneath

In the event that you're needing to move cash from Bitcoin to Paypal, by then you can utilize our assistance. We'll guarantee that the blueprints we give you are significant and reasonably fitting. Thusly, you will have no issue in sending your cash. Regardless, before we start with the strategy, we should discuss why Bitcoin money transfer is the decision.

Bitcoin is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin payment is liked.

Want to get Bitcoin without phone number? Not able to know the process how to process the same. Just stay here with our customer care staff. We have brought forward a team of online customer care representatives who will let you find the right solution to your problems. In addition, we also treat when you can’t access Bitcoin account, face trouble when send and receive money on Bitcoin, or you want to access old Bitcoin account.

Can't send cash from Bitcoin to Paypal - Implement solutions beneath

In the event that you're needing to move cash from Bitcoin to Paypal, by then you can utilize our assistance. We'll guarantee that the blueprints we give you are significant and reasonably fitting. Thusly, you will have no issue in sending your cash. Regardless, before we start with the strategy, we should discuss why Bitcoin money transfer is the decision.

Bitcoin is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin payment is liked.

We should investigate how to transfer money from Bitcoin to bank account. The strategies are given underneath.

We should investigate how to transfer money from Bitcoin to bank account. The strategies are given underneath.

Failed transfer money from Bitcoin to bank account? Steps below

In the event that you can't send money starting with one application, at that point onto the accompanying, by then you can utilize our approach to do in that limit. Nonetheless, for that, first, you'll need to send the cash to the bank. By then you can receive money from Bitcoin in an aberrant way. In any case, on the off chance that you try to send cash truly starting with one application, at that point onto the accompanying, by then Bitcoin transfer failed will show up. Subsequently, to manage this, you can utilize the suggestions that are recorded underneath.

Open the application

Before long tap on the equalization tab elective

Go down and you'll get the Cash out tab

Tap on the tab

Set the total you need to send the bank

Press the Cash out tab

Pick between standard or second choice

Contact the scanner for the check reason

You'll get an accreditation spring upon the effective certification

Tap on the choice done

These are the techniques by which you can get money off Bitcoin without Cash card and send it to the budgetary equality. On the off chance that you need to send money from Paypal to Bitcoin, by then you'll apply an equivalent stunt. All the between application partitions are blocked. Thusly, on the off chance that you're thinking to transfer money from Apple pay to Bitcoin, by then first exchange cash to the bank. You'll need to get money off Bitcoin and send it to the record so as to get the issue settled.

Conclusion

Essentially, you can do a ton of methods on Bitcoin. Regardless, on the off chance that you need to proceed with the move from Bitcoin to Paypal, by then you can't do it obviously. You'll need to from the outset add money to Bitcoin and a brief timeframe later you can't get money off Bitcoin without a bank. You'll need to utilize the choice Cash out on Bitcoin to send cash to the bank. The other choice, send money on Bitcoin will move the assets for the bank. Straightforwardly you don't need to pressure, why Bitcoin wont let me send money? You can now satisfactorily move the cash from the bank to Paypal.

In the event that you've tends to like, how much can you send on Bitcoin? How to execute Bitcoin refund or Bitcoin dispute? Why Bitcoin locked message bounces up? By then you can come to us for help.

Users Frequently ask Questions related to Bitcoin

How do I get Bitcoin without phone number?

Why should I get my money back from Bitcoin?

Why should I contact by phone Bitcoin?

Why should I talk to representative of Bitcoin?

Why should I get refund from Bitcoin?

Why should I apply for dispute payment from Bitcoin?

Why should I report a problem to Bitcoin?

Why should I withdraw money from Bitcoin?

Why should I get free money from Bitcoin?

Why should I change for cashing using Bitcoin?

Why should I unlink account from Bitcoin?

We proffer day in and day out service to the customer which means we are availing 24/7 to help the customers. So if in case you are facing Bitcoin login, logout, recover an account, recover password, change password, access account or other issues then just feel free to communicate with us at any time. Our team is 24/7 online to provide a faster Bitcoin Resolution. Our technicians are so much talented that they can fix any sort of bugs within no time.

The Bitcoin also provides its own Cash Support but it is quite hard to communicate with them as there are soo many Bitcoin users so it is quite difficult for them to resolve everyone's issues in a faster way. So if you need instant or immediate help then just make a call at Bitcoin Support Number. In what manner Bitcoin Support help users-

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

Bitcoin SUPPORT PHONE NUMBER

Easy to communicate with Bitcoin Support

Bitcoin Help can troubleshoot any sort of problem.

Immediate Solution

If you think that you want to report an issue to unlink account of Bitcoin as you feel the app charge fees, then please get in touch with the support team of the app. Another alternative way to get a reimbursement is that if you feel you need to solve ‘get my money’ problem, then you can get refund or apply for dispute payment request. If you need phone number of the support team, then you can get it on the support webpage. You can contact by phone and then talk to representative to solve your issues