Sunday Bitcoin Mixer

on property but property in this case is one Bitcoin. So you're going to put your one Bitcoin in a scroll? What do I get? I'm going to give you what? You're going to pay me $2000 a month because you're still working your day job and you want to get in before it runs away from you. So I'm going to give you $2000 a month. Okay, for how long? 60 months for a total of $120,000. I'm going to pay you $120,000. Okay. After five years. What? Well, well, $2000 a month, 60 months, total of $120,000 over five years. What will Bitcoin be in five years? Okay, but do I get the money? Do I get the, I keep the Bitcoin? Yeah, you get the Bitcoin. You get the Bitcoin at the, you get free and clear title wall. You get the Bitcoin. For me, like I'm paying 120K for one Bitcoin. Why would I want to do that? Is this, that's like a five year option? Well, that's not clear. It's a mortgage. And at the end of the day in five years, you get one clear Bitcoin. And you can lock in that price now at 84,000. So I get it. So I pay, so basically I, I pay $2000 a month. And, and there's this third party that basically as long as I keep on paying the $2000, I'm going to get my Bitcoin at the end, right? Yes, that's right. Okay, so maybe, yes, would I, would I do that? Would I pay you? Yeah, probably. Before you head to that, before you head to that, I want to be on the buyer side, when you be on the seller side, I will pay you $2000 a month. You put up one Bitcoin into escrow and at the end of five years, if I've made all 60 payments, I get the Bitcoin. And what if you, what if you don't make some of the payments? Just like a house, if I, if I default, you, you keep all the payments and you get the Bitcoin back. Well, have you talked, have you talked to Arbond at all? No, but, but, but British is over there talking, he's saying this is what he's talking about over in New York last night and today. Okay, so this is British was a big idea. Yeah. Okay. No, no, no, no, it's not, it's not his idea. He met someone who's planning on offering this product. Yeah, this is Arbond. Yeah, that's what I thought, but I didn't, I didn't want to, I didn't want to know whether it's him or somebody else. It sounds very much like Arbond slash BTC now, right? Yeah, that's what I thought too, but he said that he didn't want to disclose the name of the person. Well, I think I'm pretty good friends with Arbond, so. There's a sound real. Okay, so what is the problem is the person willing to put up the Bitcoin. That's the problem, right? I think there are people who would like to get a Bitcoin by putting $2,000 a month. I don't know. Let's think about it. What do you think I'm are of this deal? No, absolutely not. Okay, but friend on the. On the spaces, and I'll do it on the spaces too, I will offer anybody here $2,000 a month 60 payments mutually respected third party and I will offer this on the seller side. I would love to have $2,000 a month and if you screw it up, I you default and I get the Bitcoin back and start over. What about the payments made? What about the payments made? You forfeits like a house if you keep an average. If you if you spend 29 years making payments on a 30 year mortgage and then you default, they take the house and you lose it. Same thing. Well, no, they liquidate the house and then if there is any equity, it's not. Anyway, from the buyer side, if you don't satisfy it, you lose everything. Well, okay, well, let's let's think about both sides. Okay, let's think about the guy putting the Bitcoin. Why would he want this thing? Basically, he's selling, he's selling the Bitcoin for essentially, he's financing the Bitcoin for five years for the other guy, right? Essentially, he doesn't want to sell the Bitcoin. He basically says, okay, I've got $85,000. I'm going to borrow, I'm going to lend my money to you at 16, whatever the implied interest rate is. You're saying it is 16% is what it backs out to? I didn't do the math, but that's what it sounds like. Let's have strategy with the math. We did it very good. Five years, $2,000 a month, what's that back calculate to APR? I don't know, my computer just died. Let me reboot my computer. Anyways, while we do that, I want to welcome Wake or woke. I'm not sure what is it woke. It's awake. No, it's an A. Just a few quick comments. I want to thank Fred for being so consistent and running these spaces. I think we all appreciate that. Omar, you're one of my favorite in the whole space. I think you've been on point about so much. I'd love for you to tell us what color the V12 Ferrari is. How about Victor? I also spent my summers in Ibiza, and so that was cool to hear about. Another great person to have on stage, Fred is Cayman. He's not anywhere. He was here just a minute ago. I guess we missed him. But I've been in Bitcoin since 2013. There's very few of us left around that still come on the spaces. They sold a Tesla at Lamborghini Newport in California for 91 Bitcoin. So just to do the calculation, that's about a $7.6 million Tesla right now. And happy to hear what you guys have to say tonight. Yeah, I mean, I was just on a, I was listening to a space. I was on a wolf space listening. And the kind of shit I just heard is just pure absurdity guys. What are they saying Omar? Are they bearish? So that so that lady R a lady trader R a little bit. Who was the first one that claimed or called for a $37,000 Bitcoin. On Friday, she was on the same space saying that if we close this week. Above the 50 week, which I think sits right around 83,000. That the bear market would pretty much be over. But she said that it's unlikely to happen. That the weekly clothes would be below that. So now today she came out and she said that she still believes that we'll see that bottom at 37,000. And she said that unless history repeats itself, there is no way for Bitcoin to go up. So in order for Bitcoin to go up going forward, it would have to respect history and go down and mark that bottom that she's called. It's just like these people are dangerous. I don't even know what to say. Yeah, I agree. I hope nobody's like following their advice or. Well, she has hundreds of thousands of followers. Oh, wow. Does she really? Yeah. Oh, man. She streams her BS on a daily basis. So I'm pretty sure a lot of people are following that garbage. Oh, man, it sucks. She's somebody who sells like a subscription. Like a paid subscription or something. Probably haven't looked deep into it, but it seems like it. Yeah, I agree. Those type of people are dangerous. You know, some random person could go in that space and say, oh, this person's got a lot of followers. And I was with their talking about. In reality, they don't. That's unfortunate. Yeah. And that's going back to our favorite guide that we've been talking a lot about. Ben, you know, the difference between him and those people. Again, as I said earlier is that. He's been from the very beginning of the year. He's been saying that he is not going to trade this price action. That he's based case would be for Bitcoin to go below the balance price and the real ice price, which would take us then to yeah, around 40,000. But the safest thing to do regardless would be to start DC and starting the second half of the year, which would be early early July. So, you know, at least he's a little more rational and yeah. So, but when you listen to this garbage, when Bitcoin has now broken every single metric that it has. Sean in past mid-term years, you know, I think it's time for for everyone to capitulate and you know come out and say, hey, I was wrong. And, you know, that's what Ben did, right? Well, he did, but he did, but unfortunately the very next day he posted a video on YouTube saying that, you know, there's still a chance for a new bottom. He did not put on a price, but he said that it's pretty much, you know, 60, 70% that it would not happen, but there's still small chances that he could. You know, I like that better. It's different than somebody like that, that lady trader who kind of just rewrites history. I think it's. Yeah, I mean, look, a lot of people are going to be caught off guard and pretty sure a lot of people that are planning on buying here are going to listen to her and say, hey, you know, I'm going to wait because this girl and these other people with hundreds of thousands of followers are saying that, you know, and they called the top and I'm just going to listen and you know what's the worst case scenario. I'm just not going to end up buying it 85k and you know, I'll just go find another asset if you know if this slips away and Bitcoin ends up on 100k. Yeah, you know, what is you could buy with the margins at oh god, here we go. I'm very close to 1% Victor, come on bro. I just ran your thing through chat gbt. Okay, so here's what it says. It says the problem with this is like you're probably going to find both sides of a and b. However, it says the bigger question is not whether a and b exists a is the person lending the Bitcoin and finance and getting the money in person b is the guy putting paying the 2000 month. Both a and b exist. However, the problem is can you structure this escrow financing taxes, securities and lending rules and default mechanics cleanly enough that both parties trust it. Yeah, I mean this thing is happening over five years, you know, I wouldn't enter into this agreement with Gary Cardone over the internet, you know what I mean on Twitter. Let me put it that way. Wait, even with that stress a third party. Well, you're going to need somehow to have, you know, you're going to need to have either a smart contract right or a or a third party to do this, right? I mean, what is what is what is you publish the wallets and then you publish the month of the day and address. So you're still the person. So I call them person a and person b person a is the person who providing the one Bitcoin right person b is the person who's paying the 2000 month right now. Now the problem is what if person b starts missing his payments okay now the the easiest thing is you miss a payment. I'm sorry you lost you lost all your money. Thank you goodbye, you know the contracts over and person a just keep keeps all the payment. I know there's a lot of different variations on it right no that that's the standard what happens that's that's the standard so if I'm late by 10 minutes on this contract. I'm sorry. I thought I was getting a Bitcoin in three years. I paid my payments for two years, but I made I was 10 minutes late on one I'm sorry. You know, there's. That's like that's extreme so the notion of it's going was too weak. Okay, so there's two weeks. You got a deep all period or something. Yeah, yeah. Okay, so you know, so you have some kind of so first of all, is there a physical intermediary like somebody's doing this sitting in the middle. Is it legal to do that? Can they legally take control of the Bitcoin and hold it in this as pro? Are they going to get paid for doing that and can you convince everybody that there's a good deal? Can you can you and Ben, over on risk to where it's all actually? Well, I mean, here's the thing. It's just like this is a very long time. This is five years. You know, you got to you got to sit there and figure out if somebody screwed up over five years. I don't know. It seems like a lot of liability and everything. It's 120 payments and it's integral. Yes, no, one zero. No, I know, but I'm just saying if if you have Goldman Sachs who is the intermediary, that's one thing. If it's, you know, again, Gary Cardone, probably a different thing. Can you can you get strictly? I don't know where it's not an orthogonal and all.