I’m looking to buy a souvenir, paying with btc. I feel like I’m overthinking it.
Price is $500. After depositing $500 into btc, I can’t transfer until the cash settles, 7 days. So I need to purchase $500 worth of btc a week before purchasing.
Let’s say the price of btc falls, now it’s only worth $300, I can’t afford my purchase.
With the 7 day hold to transfer, the only way I can see is transferring to usdt or usdc the week prior, then to btc when cash settles and immediately pay for purchase.
What am I missing? Anything? Would love thoughts and advice
Price is $500. After depositing $500 into btc, I can’t transfer until the cash settles, 7 days. So I need to purchase $500 worth of btc a week before purchasing.
Let’s say the price of btc falls, now it’s only worth $300, I can’t afford my purchase.
With the 7 day hold to transfer, the only way I can see is transferring to usdt or usdc the week prior, then to btc when cash settles and immediately pay for purchase.
What am I missing? Anything? Would love thoughts and advice