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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Klaus" data-source="post: 16823864" data-attributes="member: 190070"><p>I will not let my opinions get in the way of making a few sheckles.</p><p></p><p>In my day job I have financed some pretty interesting things that are BTC related even if I do think the vast majority of crypto is fraud. I am in the process of closing a large lending facility against BTC at a basis of $7k. I hold the BTC in cold storage so I cant get hacked. I am selling futures against my collateral so I am hedged against price declines. I have sell orders on my entire book at good until canceled so if shit hits the fan I do not need to worry about selling my collateral. I will get paid 12% p.a. for what is a risk free trade. </p><p></p><p>Another one that was interesting was financing mining operations. We were buying stranded nat gas wells in CO at a steep discount to market and then setting up shipping containers with mining rigs on site. These were powered by nat gas generators. BTC is really just stored energy so if you can create it at a steep discount to power prices you can make a ton of money. Our gas was -50% cheaper than cost because it was stranded so we could create BTC at a 50% discount to what other could mine it at.</p><p></p><p>All of this said, I will bet large amounts of money that it is not going to end well for the retail schlubs. Everyone is a genius in a bull market. Shit gets real in a bear market. The bull market for crypto is over and is not coming back.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16823864, member: 190070"] I will not let my opinions get in the way of making a few sheckles. In my day job I have financed some pretty interesting things that are BTC related even if I do think the vast majority of crypto is fraud. I am in the process of closing a large lending facility against BTC at a basis of $7k. I hold the BTC in cold storage so I cant get hacked. I am selling futures against my collateral so I am hedged against price declines. I have sell orders on my entire book at good until canceled so if shit hits the fan I do not need to worry about selling my collateral. I will get paid 12% p.a. for what is a risk free trade. Another one that was interesting was financing mining operations. We were buying stranded nat gas wells in CO at a steep discount to market and then setting up shipping containers with mining rigs on site. These were powered by nat gas generators. BTC is really just stored energy so if you can create it at a steep discount to power prices you can make a ton of money. Our gas was -50% cheaper than cost because it was stranded so we could create BTC at a 50% discount to what other could mine it at. All of this said, I will bet large amounts of money that it is not going to end well for the retail schlubs. Everyone is a genius in a bull market. Shit gets real in a bear market. The bull market for crypto is over and is not coming back. [/QUOTE]
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