Attention: I am not asing how to get rich with Bitcoin. The question is how to live off that fortune without using / spending / selling / wasting.
When you have an investment property, you get rent out of that and once you no longer pay mortgage, you get all the rent as a source of income.
With bitcoin you could get interest paid and use that as an income. Is that the only way? I hear people talk about "borrow against your bitcoin". Can I have a practical example on that?
Say bicoin has increased to one million dollars em x years. You could then borrow say $100k (10%) out of that where you will pay back say $120k with interest. How exactly do you use the money to live off it while you have to pay it back with interest?
[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