So just about two years ago I wrote this: https://hackernoon.com/turning-income-into-collateralized-crypto-loans-hodl-pflrr2bzq Just about a minute ago I wrote this: Now, both alas and alack, I haven’t been doing a good job at heeding my own best advice - hodl. I created a bunch of content awhile ago as tutorials to develop blockchain stuff and my intro was something like ‘missed out on my chance for crypto millionaire a few times over.’ Is not a joke. I found an old address I was auto-selling BTCs for CADs on at QuadrigaCX, the block explorer told me the current value of all deposits something incredibly sad - over $1m USD. This is just one instance of an address I used sometimes for a month or two. Anywho, hindsight is 20/20 and woe is me and such, but I claimed $70k CAD in capital gains last year for ‘selling eth.’ Like, less than a year ago. Ok yes that was just another more recent woe is me. We call this ‘opportunity cost.’ If I just would listen to myself and hodl… So, all of my income one way or another is usually acquired as btcs or eths or some kind of stable. If not, I have American or overseas companies send me wires, ACH, or any sort of nonsense to . Back in like ‘16 I was a significant % of their monthly volume - now I’m just a small fry. https://bitwage.com The real beauty about bitwage is that it really is dollar cost averaging your ctypto entries as you make regular transactions to ditch your fiats for a superior currency, whichever one you might like better. This basically sums it up, except I made a slight booboo - I should have said I now have $18k in BTC, with an average cost of $45k. Anywho, some might say onto me ‘yes Jare but now that I have all my money as crypto what do I do about bills and such?’ In my previous article I’d mentioned compound exclusively. Now, there are many more options - some of them powered by BSC or Polygon. like these guys: https://app.cream.finance/ Grab a bunch of coins at AMM errr, tokens Approve n deposit em (check collat % ratios) Enable collateral Borrow what you need as stables, focus on USDT long as u can cuz they probably going insolvent? That’s actual factual free money You’re now long a bunch of coins Your APY/APR may be negative, but you believe crypto explode anyways rite? You may liquidate inbetween deposits! Fear not, cuz you’re dollarcostaveraging. And you’re super, super long crypto. I assume. Irresponsibly long? Hey if you’re in Canada don’t even cash that sh#t out. use these guys to pay almost any bill payee supported by most banks: https://bylls.com/signup?referralcode=93a96f3d3bc183002c02ca4b2b0b531cca4265691a Now you are set to withdraw stuff. Idk. Binance?
