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This is also why I never got the whole "Black men date fat white women" narrative because there are millions of black men who date fat black women without issue. So whats the difference?
That Rabbit Guy@Son_ImSleep
I don’t care for interracial dating but why does a black man have to date a perfect 10 white girl for it to be acceptable, niggas date mid black girls all the time
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‘LV Hat’ taking people’s souls
Ⓜ️⭐️⭐️@__mansour__8
Le 1VS1 le plus sale que t'as vu de ta vie?
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Every Bitcoin influencer is telling you to borrow against your stack instead of selling.
Here's the UK tax reality nobody mentions.
A thread on why "buy, borrow, die" is harder in Britain 🇬🇧 than it looks
The appeal is obvious:
Selling 1 BTC = CGT taxble event, up to 24% to HMRC of gains.
Borrowing against 1 BTC = no disposal, no tax, you keep the upside. Right? 🤔
In theory, you never sell. You die holding it. Heirs inherit at uplifted base cost.
In practice? It's a minefield.
Trap 1: Centralised lenders.
When you "lend" your BTC to most CeFi platforms, beneficial ownership transfers to them.
HMRC's view: that's a disposal. CGT triggered the moment you deposit collateral.
You owe tax on a gain you never realised.
Trap 2: DeFi lending.
HMRC's published position is brutal.
Supply BTC (or wBTC) to a lending protocol and receive a token in return?
That's a disposal.
Taxed at market value when you deposit. Taxed again when you withdraw.
Two CGT events. Per loan.
This is the part most people get wrong:
The loan itself isn't taxable.
It's the COLLATERAL TRANSFER that's taxable, because beneficial ownership moves.
So the real question isn't "is borrowing tax-free?"
It's "can I post collateral without losing beneficial ownership?"
Trap 3: Liquidation.
If your collateral gets margin called and sold, that's an unambiguous disposal at the worst possible price.
You crystallise the gain at the bottom of the dip.
And you still owe the loan principal.
Trap 4: Interest isn't deductible.
The interest you pay on a Bitcoin-backed loan can't be offset against your CGT or income tax.
You're paying 8 to 12% with after-tax money.
Your real cost of capital is much higher than the headline rate.
Trap 5: Counterparty risk.
Celsius. BlockFi. Genesis. Voyager.
Every major crypto lender of the last cycle has been through bankruptcy.
"Not your keys, not your coins" applies to collateral too.
If your lender goes bust, you're an unsecured creditor.
So is the strategy dead in the UK?
Not quite. There's a narrow path:
Lenders where you retain beneficial ownership (multisig escrow)
Self-custodial loan structures
Conservative LTVs under 25% to survive 80% drawdowns
Rare, but they exist.
Here's where the UK actually helps:
Die holding Bitcoin and there's no CGT on death. Heirs inherit at uplifted base cost.
The outstanding loan reduces your estate for IHT.
So "buy, borrow, die" CAN work in Britain. Just with different mechanics than the US version.
The honest view as a UK Bitcoin & crypto tax accountant:
The strategy is real. But it's not the magic bullet Bitcoin Twitter sells.
You're trading CGT risk for:
Counterparty risk
Liquidation risk
High after-tax interest
HMRC disposal risk on most platforms
If you're seriously considering borrowing against your stack and you're a UK taxpayer, get advice BEFORE you deposit anything as collateral.
I see this go wrong every month.
Follow for more UK Bitcoin tax. DMs open if you need a hand or second opinion.
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@Dividend_Learn Buy $zbcn and you’ll be in a much better place in the not too distant future in my opinion. Not advice of course just an opinion
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@SussexIncidents My old dad was driving home on M8 one night when it came on the radio of someone driving the wrong way.
So I phoned him & said “watch out Dad there’s someone driving the wrong way on that motorway”
He replied “someone, there’s Fucking HUNDREDS doing it” 😆
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@SahaS20357 @lvl999akane Agents of the Four Seasons: Dance of Spring
Same author of Violet Evergarden
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POV:
You swapped Deadlifts out for this exercise and now…
- Your Lower Back feels better than ever before
- Your Glutes and Hamstrings are the most developed they’ve ever been
- It is much easier for you to recover on time for your next session
NO-BRAINER DECISION
Dangerously Dialed In@FitWealthyU
I’ve switched out deadlifts for weighted back extensions at the gym because of @DeanTTraining. Holy shit, what an upgrade. My lower back is 10x stronger, and the movement is 100x safer. Highly recommend.
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