Crypto-Backed Loans Are a BAD Idea (Here's Why)

Поділитися
Вставка
  • Опубліковано 28 вер 2024

КОМЕНТАРІ • 41

  • @Troll12579
    @Troll12579 11 місяців тому +4

    Good points, I guess don’t take out too much of a loan and keep some powder dry and you will be ok.

  • @ismailmaklad6566
    @ismailmaklad6566 2 роки тому +2

    Chris, i just want to thank you, I’m just starting to learn about options and watched all your old videos and i feel it taught me a lot of basics I didn’t find on other channels. Also great job expanding your range and not listening to what people think you should stick to. Also i want to know how can i know before you go live on here?

    • @projectfinance
      @projectfinance  2 роки тому

      Thanks! I haven't done any live streams since last year and don't plan to do any in the near future. I'm focused on getting into a consistent upload schedule. Lots of options stuff coming!

  • @HefTrade
    @HefTrade 2 роки тому +3

    Solid video Chris! I know the visuals take a long time to make but I think they will be valueable to viewers for understanding this topic. Also, the background music is pretty catchy too.

  • @nitharsannadarajah9464
    @nitharsannadarajah9464 Рік тому +1

    Can you make video how to get loan on Binance, and eventually to explain the pros and cons on there?

  • @joemccarthy8213
    @joemccarthy8213 2 роки тому +3

    Chris - I want you to know from my heart that your channel was much more valuable to me and others when you produced content regarding the equities markets. Options, stock, etc.
    Your options tutorial video is priceless and I share it with several newcomers as they request information on options. You’re a gem.
    If you continue with the crypto path as your primary content, I believe you are losing subscribers and views.
    It’s indifferent to me at this point in my journey but I want you to know for your own good that your options and financial content was the real value for you. Best of luck whichever way you decide to move forward. And thank you for your knowledge and time sharing. I truly appreciate it.

    • @luisdetomaso867
      @luisdetomaso867 2 роки тому

      I totally agree! Chris's option introduction videos are some of the best on UA-cam. He's bagholding a boatload of Microstrategy LEAP calls with no stop, so I think making crypto videos has become a coping mechanism

    • @projectfinance
      @projectfinance  2 роки тому +1

      I get it. But the channel is my job and I’m going to do what satisfies me the most as long as it’s in the realm of markets/money.
      I have been doing options stuff for almost 10 years, so forgive me if I want to broaden the horizons. Also, options trading is in low volume / interest right now and making other categories of videos is a strategic business move to get exposure in other areas that are getting more views than options right now.
      Stay or leave, I’m going to do me and make videos I think are helpful and excite me about my work.

    • @projectfinance
      @projectfinance  2 роки тому +1

      The trade was my decision and I’m not getting paid to give anyone advice. Unfair to hold it against me because I’m an “options UA-camr” and therefore can do no wrong. The bitcoin videos will keep coming, so unsubscribe if you don’t want them.

    • @HefTrade
      @HefTrade 2 роки тому

      @@projectfinance Right on, Chris! If all people are here for is the knowledge that you share then they truly don't care about who you are as a person. If you guys don't like the videos and the knowledge Chis continues to offer all of his subscribers - then simply don't click on the video.

    • @luisdetomaso867
      @luisdetomaso867 2 роки тому +1

      @@projectfinance Fair enough, but don't ignore the fact that your most recent options-related videos have double the views of your Bitcoin videos. UA-cam is saturated with crypto "experts" but there are only a handful of solid option trading educators among whom you rank near the top

  • @ictosok
    @ictosok 2 роки тому +1

    Thank you for the amazing educational videos. I hope to see more informative content like this from your channel and I would definitely enjoy seeing more crypto option tutorials from you bc you explain complex things in the best and most comprehensible manner. Thx again! Keep up the good work!

    • @projectfinance
      @projectfinance  2 роки тому

      I’m glad you enjoyed the video! Thanks for the comment.

  • @samsonsoturian6013
    @samsonsoturian6013 2 роки тому +2

    Crypto transactions are far from easy to move as it takes a lot of computing for each one. Then again, that doesn't matter as most crypto trading is done at regulated exchanges that defeat the point of crypto.

    • @---ge7tp
      @---ge7tp 2 роки тому

      Send me a
      ᴛᴇxᴛ ᴍsɢ ⬆️⬆️
      On asset management_

  • @kaaaah2003
    @kaaaah2003 2 роки тому

    Thanks but at this moment, what is your portfolio LTV?

  • @madeforstreets
    @madeforstreets 2 роки тому +7

    You are the best at explaining stuff, one should really be stupid not to understand what you say, and i don't mean that in a mean way...
    - Stay Blessed -
    🙏❤✌
    Did i spell that right 😳
    I'm from Denmark 🇩🇰
    give me a break 😪

  • @nathanwong9627
    @nathanwong9627 2 роки тому +6

    Excellent video once again!!! Awesome explaining

    • @jimmydanilo93
      @jimmydanilo93 2 роки тому

      @@tonyboulder. thanks for this piece of information

    • @---ge7tp
      @---ge7tp 2 роки тому

      Send me a
      ᴛᴇxᴛ ᴍsɢ ⬆️⬆️
      On asset management_

  • @samsonsoturian6013
    @samsonsoturian6013 2 роки тому +8

    Most of these crypto banks have ponzi like structures, with interest on loans being lower than interest on deposits.

    • @bmastats6259
      @bmastats6259 2 роки тому

      how do they make money then? if interest on loans were less than on deposits they'd be underwater

    • @jimpanse1638
      @jimpanse1638 2 роки тому +2

      @@bmastats6259 thats the point. As long as there is more money coming than going out it works.

    • @samsonsoturian6013
      @samsonsoturian6013 2 роки тому +1

      @@bmastats6259 in a ponzi scheme it doesn't matter as you're stealing the money and skip town when you run out. But a lot of the crypto banks go all in on other exotic crypto investments, and yes this is why all crypto is highly correlated to each other.

    • @---ge7tp
      @---ge7tp 2 роки тому

      Send me a
      ᴛᴇxᴛ ᴍsɢ ⬆️⬆️
      On asset management_

  • @thebrinksf69
    @thebrinksf69 14 днів тому

    What if you never take more than a 10%. LTV ?

  • @3EBstudio
    @3EBstudio 2 роки тому +1

    Becareful, this strategy doesn't apply to everyone .. another leg down

    • @---ge7tp
      @---ge7tp 2 роки тому

      Send me a
      ᴛᴇxᴛ ᴍsɢ ⬆️⬆️
      On asset management_

  • @franticzenster8140
    @franticzenster8140 Рік тому +2

    Aged very well…

  • @paulmulligan2895
    @paulmulligan2895 2 роки тому +1

    Great video Chris - you can set up an LTV calculator in excel and thus work out potential liquidation prices for your prospective loan

    • @projectfinance
      @projectfinance  2 роки тому +1

      Thanks Paul! Yes you can, and it's a good thing to do for those that use these loan products.

  • @ecosigntahiti1006
    @ecosigntahiti1006 6 місяців тому

    Nice th y

  • @iamtraderX
    @iamtraderX 2 роки тому +1

    $BSV is the real Bitcoin.

    • @---ge7tp
      @---ge7tp 2 роки тому

      Send me a
      ᴛᴇxᴛ ᴍsɢ ⬆️⬆️
      On asset management_