Quick question… when you converted the crypto to rands for the loan, for the purposes of the taxman if you were to be audited, how do you differentiate (for them) between the withdrawal that was a loan instead of proceeds from trading?
Defi works, but lots still needs to be done. my oasis cpd got liquidated when the market crashed. i had collateral above 200% and i thought i was safe but i was wrong, 42% eth crash liquidated my vault. i lost all my eth. there is no investor protection, and apparently some vaults were auctioned for 0 eth, its crasy. they need to really work hard on it. i still love the defi idea thou. just its not yet ready for consumption.
Is ACT considering Defi loans in the near future?
Quick question… when you converted the crypto to rands for the loan, for the purposes of the taxman if you were to be audited, how do you differentiate (for them) between the withdrawal that was a loan instead of proceeds from trading?
Why not just use the colereral you put down to buy the house?
Thanks for sharing. I like your videos. Very informative.
Great presentation!
Thanks for the invaluable insights you shared Richard
awesome richard
Richard how do i buy crypto without having money using DE-FI??
every vid is important in this channel
Jesus , where was this. I am busy quarantining myself when i should be there.
Defi works, but lots still needs to be done. my oasis cpd got liquidated when the market crashed. i had collateral above 200% and i thought i was safe but i was wrong, 42% eth crash liquidated my vault. i lost all my eth. there is no investor protection, and apparently some vaults were auctioned for 0 eth, its crasy. they need to really work hard on it. i still love the defi idea thou. just its not yet ready for consumption.