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Re: MindlessSelf post# 15466

Thursday, 04/30/2020 8:57:58 PM

Thursday, April 30, 2020 8:57:58 PM

Post# of 36148
I checked the UPUSD price here at iHub and reviewed the chart just now at Trading View. I used to use Trading View a lot more last year, reading some of the crypto posts, and all of the ones on XRP. (Of course. Go, baby!)

As for the arbitrage strategy, I think I would want a better return for all the effort, like the effort I am putting in to move money every day from an account paying 1% to Uphold and then loaning it out through Cred Earn at 8%. I will stop at some point, about 4 months from now. Or sooner if CredEarn drops the rate from its current 2G2BT levels.

And as long as XRP loans get you 4%, that arbitrages the interest on my house* (including factoring in the tax bite). Let’s hope it is not under 3.5% after tomorrow.

*That is another reason I keep moving the daily max to Uphold; I want at least as much money available for CredEarn loans as the remaining principle balance.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.

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