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discuss The perfect way to pay for a domain?

NameSilo
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Invest in crypto and with your monthly gains pay for a domain you can get financed.

Example: 10,000 RavenCoin invested for 1 month, monthly gain profit $200 (average after dips and raises), finance a good domain costing $7,200 over 36 months =$200 a month. Withdraw from your crypto the $200 at the end of each month and convert back to fiat and put back in your bank to pay for the domain.

Doesn't cost anything to you and is paid by your crypto. After 36 months withdraw your remaining RavenCoin and you have paid for a good domain and hopefully all your money back and maybe a profit.

Over 3 years your crypto will increase for sure, by how much is the question?

I know it all depends on the crypto and the highs and lows of it's daily price, but might be worth a shot for your next domain buy!

👍🏻
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Hi

i have done the same thing with PPC earnings, since 2006

imo....
 
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Hi

i have done the same thing with PPC earnings, since 2006

imo....

A way for the new generation of domainers to start in domain buys who don't currently have a portfolio that they can earn from. Crypto + Domains is surely a win win. 👍🏻
 
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Dollar cost averaging (investing the same amount every month) into crypto sound like a good idea, I would be careful though with investing significant one-time sums at the current all time high.
 
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Why are you so sure?
Healthy question for great debate

Some Bulls saw $100,000 for BTC or more from peak $58K. It’s currently at high 40ishK for 1 BTC. Yes, this is dive, happens, still steep
1DBD29B4-6CF4-4B0A-A9BC-ECAF418ACA9C.jpeg

https://markets.businessinsider.com...march-ethereum-ether-crypto-2021-2-1030128533

I also recommend;
CE42A0F6-70D3-40B5-BA1C-8F61A31B5AD5.jpeg

https://www.coindesk.com/the-future-of-bitcoin-12-scenarios-from-bullish-to-bearish

Overall, i like it’s a capped 21 million supply.
It really is “Digital Gold.” Time will tell, but i share your concern; How are you so sure?
Nothing in life is guaranteed.
 
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Does a 21 million coin supply mean much if you can split it into endless pieces?

Bitcoin might or might not be a good investment. Right now it is going up based on sheer demand. It is not like you can really point to fundamentals when it comes to valuation.

However, I would say it's use case as an actual currency is dubious. It is far more costly and inefficient than just using a credit card.

The price at this point is too unstable to be a currency as well.

The IRS treats it as property, not currency. In theory any time you use it to buy something that is a taxable event that must be documented.

Brad
 
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Assuming the price consistently raises then yes.
 
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