Say I can borrow PhP 1,700,000 which is 1 BTC. Then I buy 1 BTC now.
Bank Offer: I have to pay a monthly amortization of PhP70,833 over 36 months. That's almost 2.38% per month annualized interest.
Question: Is that a good idea? Our currency, Philippine Pesos is pretty shit.
---
The margin of error is too wide not to do this trade ya?
Edit: I forgot to say that I earn in USD. So there's neat currency arbitrage. USD-BTC, PHP-BTC
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments