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/biz/ - Business & Finance

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27215199 No.27215199 [Reply] [Original]

1 BTC enough for a comfortable life?

>> No.27215251
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27215251

1 BTC can buy you a cozy house in Flint, MI.

>> No.27215295

>>27215199
who robbed the bank?

>> No.27215498

7% interest on 30k every month is enough to pay the bills. 7% you can get from a CD right?

>> No.27215503

>>27215251
michigan sounds nice. are there lots of melanin rich people there?

>> No.27215570

>>27215295
Bank never have this kind of fiat on hand. They're also not stamped and initialed and are done kind poorly. Banks also don't brick in stacks of ten, but in five.
Typical bank has around $250k on hand of which no more than $50k is hundreds.

>> No.27215636

>>27215251
Flint Michigan is gone, and it's never coming back. The reason property value's are so low is because everyone even dumb people know it's never coming back. I live and hour away.

>> No.27215648

>>27215498
no definitely not. show me any bank paying 7%. i highly doubt it

>> No.27215689

>>27215199
Do you know what a bitcoin is worth?
>>27215498
>7% interest on 30k every month is enough to pay the bills. 7% you can get from a CD right?
I hate new /biz/

>> No.27215718

>>27215498
$10,000 in savings account, get $0.01 each month

>> No.27215732

>>27215199
Currently 1btc is only ~$33k. That's barely enough for a single person to live on for 1 year in a poor state.

>> No.27215756

>>27215648
Whats the going rate then 3%?

3% savings account or CD from 2 bitcoins (60k) is a comfy 1800 per month. Enough for rent and bills at least

>> No.27215759

>>27215636
no shit

>> No.27215787

>>27215503
Nobody lives in Flint because the air and water are poison.

>> No.27215796

>>27215570
and dont you dare every withdraw that much, they will have you robbed in the parking lot. all planned out

>> No.27215974

>>27215787
Actually nobody lives there because its full of black people. The water and air became poisoned because the city is run by black people

>> No.27216019

>>27215756
CD's don't pay monthly they pay after 10+ years. That's 10% AT 10+ years, meaning 1% each year or .0008% per month. Stop posting and lurk please.

>> No.27216023

>>27215498
7% can come from equities. CD rates are <1%.
>>27215756
0.1%-0.3% small denomination 0.5% near dated jumbos up to 1% far dated jumbos. Shoddy banks and credit unions might break off a few extra bp.

>> No.27216058

>>27215756
last i checked ALLY had the best rates at just over 2% for a 2 year C/D which they quickly reduced to under 2 several months after announcing that

>> No.27216090

>>27215974
Not even close to true, Google it and try again.

>> No.27216100

>>27215498
motherfucker what? where do you get 7% on anything guaranteed?

>> No.27216106

>>27215199
11 shares of GME RIGHT THERE

>> No.27216176

>>27216058
They do a lot of teaser rate stuff and had some specials going when benchmark rates were better in 2019. What they're hoping you'll do is get into a near dated CD for the teaser rate then roll it over at a worse rate.

>> No.27216252

>>27216176
kek

>> No.27216351

Also. They like to use teaser CDs to acquire customers. So when it comes time to distribute or roll it they can say well we can send you a check or you can open a checking and get it faster. Now they've got you on an account.

>> No.27216503

>>27215498
Yeah I think that’s how it works you fucking retard