What do you do if you find a great real estate deal but the developer won't take crypto no matter what?Yes. That’s how I live. Save for gardeners and a few other salaried people but I’m positive they will eventually switch to crypto.
If a supplier doesn’t want crypto, I simply switch to another supplier who does.
To Clients who insist paying fiat I offer a discount for crypto, otherwise I take their fiat and immediately buy crypto.
Can this seem inconvenient? Perhaps, at times. But compare it to the inconvenience of having ”your” fiat frozen/stolen/confiscated (which can all be used synonymously).
A motivated seller will take everything. If for some reason it is not possible and I really want it, I use some quick conversion solution.What do you do if you find a great real estate deal but the developer won't take crypto no matter what?
Never saw any such country, and if I do I will quickly run far from it.Not to mention that some countries actually want some money to go through the banking system for the deal to be valid.
Either you found a stupid notary or a stupid country.You actually have to bring the payment invoice to the notary.
Both happened to me personally.
Simple. Bitcoin was roaming around <10-15K, (can't remember exactly), and I asked a question on Mentor Gold; if my memory serves me right, it was a back-and-forth with several OGs on here, browbeating me to swap my excess USDT (and some other crypto and some cash) to Bitcoin. I finally understood their arguments and did it. It's as simple as that!... quadrupled? how?
Feel free to point me to respective thread.
thats the way of doing itSimple. Bitcoin was roaming around <10-15K, (can't remember exactly), and I asked a question on Mentor Gold; if my memory serves me right, it was a back-and-forth with several OGs on here, browbeating me to swap my excess USDT (and some other crypto and some cash) to Bitcoin. I finally understood their arguments and did it. It's as simple as that!
No miracles. No inside info. Just went all in!
I am NEVER EVER making this mistake again!crypto off-ramp
Would you share with us which exchange was that so we can avoid the same issue?I am NEVER EVER making this mistake again!
I have secured several serious "privileged" business people to whom I give my cryptos, and in return, they give me cash....if I need it.
I should have listened to @JohnnyDoe , @wellington , @JackAlabama , @cryptofriendly, and a few others here on OCT!
I literally had to go into BEAST mode to get my cryptos back, and that is AFTER I went to the regulating body personally and then the cops. I laid the groundwork to show up later at the "exchanges" with bad and evil intentions!
Of course, YMMV!
PS. I am now ONLY looking to on-ramp!
PSS. I'll go into details with proof if any of you want to know why I went batsh1t crazy on these "thieves with neckties under the ruse of exchanges."
Don’t trust any exchange. Don’t leave any crypto with them. Only use them for the time and amounts you need.Would you share with us which exchange was that so we can avoid the same issue?
Company runs completely on chainHave you personally tried to directly pay with crypto for everything else? I've tried. 90%+ of the cases it doesn't work. I'm huge fan of crypto (more than I care to admit) but we are just not there yet. Your advice is great in principle but not yet applyable in practice.
So I completely understand why this person wants to diversify and so far from this whole thread only the UAE recommendation (and apply for swiss bank after tax resident) is actionable. Everything else is empty (and vague) recommendations from people that have not walked the walk.
p.s.
Yes im aware i'll get quite a bit of lash back for this. GO!
similar barely use a bank these daysYes. That’s how I live. Save for gardeners and a few other salaried people but I’m positive they will eventually switch to crypto.
If a supplier doesn’t want crypto, I simply switch to another supplier who does.
To Clients who insist paying fiat I offer a discount for crypto, otherwise I take their fiat and immediately buy crypto.
Can this seem inconvenient? Perhaps, at times. But compare it to the inconvenience of having ”your” fiat frozen/stolen/confiscated (which can all be used synonymously).
Not sure what you want to know… was a ETH Dev at one point (one of the numerous)If you have some time, you should do a Mentor Gold on ETH or list some ETH books and articles you think others may benefit from reading to get closer to your circle of competence on ETH.
PS. I admit...Vitalik used to be in Zug, remember? Something about him did NOT inspire ANY confidence in me. I could just be plain wrong (which is my natural state: being wrong), but it has hampered my ability to really look into ETH deeply. I got turned off. I'm getting more interested now since you and some others here on OCT have mentioned it.
I will DM the name to you because I signed a non-disclosure agreement that I will NOT badmouth them publicly, but I reserve the right to tell people I have a financial interest in NOT using them.Would you share with us which exchange was that so we can avoid the same issue?
You are 100% right!Erase “Cash out” and “Off ramp” from your mind
Yep! You have mentioned this about your company!Company runs completely on chain
I'm trying to get here where you, @JohnnyDoe, and a few others here on OCT are. I'm starting to get too pissed off by these grifters disguised as financial professionals! This is NOT good for my health...or liberty.similar barely use a bank these days
I suspected this based on your writing. I just started reading Mastering Ethereum (again, I didn't finish it last time because I had met VB in Zug, and something about him made me feel uncomfortable. I may be just plain wrong about the guy...)Not sure what you want to know… was a ETH Dev at one point (one of the numerous)
DM me the name as well pls., it's always good to know what obstacles may get thrown in the way.I will DM the name to you because I signed a non-disclosure agreement that I will NOT badmouth them publicly, but I reserve the right to tell people I have a financial interest in NOT using them.
Done!DM me the name as well pls., it's always good to know what obstacles may get thrown in the way.
well said, I will follow your adviceDon’t trust any exchange. Don’t leave any crypto with them. Only use them for the time and amounts you need.
Erase “Cash out” and “Off ramp” from your mind. Life will be better.
What do you think about Solana? It looks like it's taking over the Eth's place this cycleUnless you need dirty fiat may as well keep it in stablecoins and earn yield on, or better yet split portfolio earning yield from ETH and in native BTC
What crypto cards do you recommend?Crypto credit card for your everyday transactions.
Directly crypto for everything else, from houses to cars to aircraft.
You don’t need fiat!
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