Bitcoin Falls 54% Below All-Time High! What Does This Mean For You?!

That is the BIG, BIG question as Bitcoin plummets -by 54% from its recent all-time high to the $30,000 mark.

These are incredible times and who is to say the revolutionary coin won’t suddenly soar back up to another all-time high as it has done already TWICE this year?

As it is, the markets are in something of a freefall and are literally brimming with amazing trading investments opportunities as FEAR and FOMO continue to reign!

CRYPTO NEWS
Why is Bitcoin’s dramatic fall so HUGE? Well, you can find out in our latest Trades Of The Week for in-depth analysis – but, in a nutshell, this time around, Bitcoin’s drop was actually caused by TERRA LUNA.

As you may know, Terra Luna’s stablecoin was recently pegged to the US dollar – i.e. 1 stablecoin = 1 dollar. But what happens when you don’t have enough cash reserves? You get unpegged!

The big thing here was Terra Luna then sold all its Bitcoin holding to get re-pegged!

Wow!

Then everything came down like dominos!

It means, for us investors, there are some very enticing propositions available right now, not only with Terra Luna but ETHEREUM, CRYPTO.COM, AVAX, MATIC, HEDERA HASHGRAPH, and ENJINCOIN which is down a whopping -82%! The others are sitting at between -50% to -75%.

BUT that was not the only surprise this week… as SOLANA found itself in the middle of an investor storm which lasted 7 hours. Let’s just say it had something to do with 4 million transactions per second!

As shocking as this was, it’s all part of cryptocurrency’s evolution – so don’t panic!

What else?

Oh yes… with high fashion house Gucci now accepting various cryptos as payment, including one notorious “joke” coin, it has left our founder Marcus contemplating capitulating and buying “some of the damn stuff!”

Can you guess which one it is?!

BUFFALO

We have been short and long for a while now – but there is a reason for that, it’s called hedging and we believe you must always be hedged.

And being short when the markets go down is when we make our money, as we will do with TMCI, AIRBNB, MBI, TWI and MTDR which are all locked in for guaranteed profit.

MARKET NEWS
As mentioned earlier, there’s still extreme fear in the markets, bearish moves in the major indices, US30, US 100 – US30 had Black Thursday, dropped nearly 1000 points to 2%, NASDAQ dropped 5%, largest moves since 2020 and start of the pandemic.

Why? Inflation, increase in interest rates, the war in Ukraine, and Covid lockdowns in China, are all combining to cause fear.

US30 really dictates where the market is going because it’s the top 30 companies in the US. When the US30 drops, it means big Blue Chip companies are taking a hit. When the US30 falls below 30,000 then Blue Chips may fall further… this is all great of course for our VCA opportunities!

BUT, as ever… be aware! If the market falls don’t be scared, our strategies are there to buy as the market falls and sell when the market rises.

It sounds simple to do – but it’s not easy because one has emotions when money is involved.

That’s why we never look at the money, we always look at percentages.

And talking of BLUE CHIPS… more great news as these are fantastic times to be buying a part of some big-name firms, some of whom are down -20% to -30%.

Names to entice you – COSTCO, BEYOND MEAT, ADOBE… and wait for it… even AMAZON!!

Down -36%

Have you ever heard of this before? No! It’s just too good… and we even made healthy profits with our VCA’s JOHNSON & JOHNSON and ACTIVISION.

An In-Depth Look at the Advantages and Disadvantages of No-Credit-Check Payday Loans

Understanding No-Credit-Check Payday Loans
No-credit-check payday loans are a form of short-term borrowing designed to bridge the gap until the borrower’s next payday. Unlike traditional bank loans, these loans typically bypass extensive credit checks, making them accessible to a wider range of people, including those with poor or limited credit histories. The application and approval processes are conducted online, offering convenience and speed to those in need.

The Benefits of No-Credit-Check Payday Loans
Accessibility and Convenience
The online nature of no-credit-check payday loans means that the entire process, from application to funding, can be completed without leaving your home. This digital approach eliminates the need for in-person meetings and paperwork, streamlining the borrowing experience. Once approved, the loan amount is directly deposited into the borrower’s bank account, often within the same day.

Minimal Eligibility Requirements
These loans are known for their straightforward eligibility criteria. Typically, lenders require proof of stable income and basic personal information. This simplicity makes payday loans an attractive option for those who may not qualify for traditional bank loans, including individuals with lower incomes or less-than-perfect credit scores.

Unsecured Borrowing
Payday loans are unsecured, meaning they do not require collateral. This feature is particularly appealing to borrowers who do not own assets to pledge or who are reluctant to risk their property. The absence of collateral also simplifies and expedites the approval process.

The Drawbacks of No-Credit-Check Payday Loans
High Cost of Borrowing
One of the most significant disadvantages of no-credit-check payday loans is their high cost. These loans often come with steep interest rates and fees, reflecting the lender’s increased risk of lending without a thorough credit check. According to the Consumer Financial Protection Bureau, the annual percentage rate (APR) on a typical two-week payday loan can be as high as 400% (CFPB).

Potential for Debt Traps
Critics argue that no-credit-check payday loans can lead to debt cycles. Borrowers who struggle to repay their loans on time may face hefty penalties and fees, which can quickly escalate the cost of the loan. It’s essential to have a solid repayment plan in place to avoid falling into a debt trap.

Targeting Vulnerable Borrowers
There is a perception that no-credit-check payday loans target low-income individuals by offering small loan amounts that seem manageable but can lead to financial strain. While these loans can provide necessary assistance, they should not be seen as a long-term financial solution for those with limited means.

No Credit Building
While no-credit-check payday loans can offer immediate financial relief, they do not contribute to building or improving your credit score. Timely repayments of these loans are typically not reported to credit bureaus, meaning responsible borrowing behavior goes unrecognized in your credit history.

Conclusion
No-credit-check payday loans can be a viable option for emergency financial needs, offering quick access to funds with minimal requirements. However, the high costs and potential risks associated with these loans make them unsuitable for non-urgent purchases or for those without a clear repayment strategy. It’s important to consider your financial stability and explore all available options before proceeding with a payday loan.

Interesting statistics and facts about payday loans that are often overlooked include the demographic profile of borrowers. According to the Pew Charitable Trusts, the average payday loan borrower is a white female aged 25 to 44 years. Additionally, borrowers are typically those without a four-year college degree, renters, African Americans, individuals earning below $40,000 annually, and those who are separated or divorced (Pew).

Before considering a no-credit-check payday loan, it’s advisable to explore alternatives such as credit union loans, personal loans with co-signers, or financial assistance programs that may offer more favorable terms and help improve your credit score.

Bridging Finance Eases First Time Buyers Into The Property Market

Both buying and selling may be overwhelming in their own right, what with putting your home on the market, opening houses, and making offers. Consider the burden of coordinating settlement dates and maybe losing your dream home, all while trying to sell your current home… it’s enough to make anyone break out in a cold sweat.

Investors usually require quick and dependable financing to complete the transaction when buy-to-let opportunities arise. Furthermore, new buyers may need funding for necessary property modifications to qualify for mortgage loans and assist in attracting their initial renters.

Securing money is not always easy if you are new to buy-to-let investing. After all, you don’t yet have any rental income, and typical high-street lenders may be hesitant to approve loan requests if you haven’t established your credentials as a property specialist.

Meeting clients that are juggling both regularly, here is where bridging finance can help. They are especially handy for first-time investors because they are flexible and quickly set up.

To assist you, we will take a closer look at bridging finance and how they can assist you in starting your buy-to-let adventure.

What Should New Landlords Know About Bridging Finance? As its name suggests, bridging loans were first developed to help property buyers ‘bridge’ a finance gap. It’s not always possible to get the timing right when selling one property and buying another. There may be a period of time when you need to complete your buy, but the money is still pending from the sale – this is known as a “broken chain” scenario.

Short-term loans — specifically, bridging loans — can help in these instances by providing a short-term loan to support your purchase while utilising the property as collateral. You’ll repay the loan after the related sale is finalised.

On the other hand, this form of financing isn’t merely for smoothing out a sale and purchase transaction. It can also be used to fund a variety of expenses related to the purchase and refurbishment of real estate, which is why it is very beneficial to first-time investors.

Why Do Buy-To-Let Investors Require Short-Term Funding? As a potential landlord, you’re almost definitely seeking two things from your new investment: a high rental yield and the possibility of capital growth. You’ll want the property to earn a solid income from rent, and you’ll want it to have gained in value when it comes time to sell.

A semi-detached house ripe for conversion, a flat in a trendy neighbourhood, or an inherited property with new owners eager for an immediate sale could benefit from bridging finance to enhance value and produce a steady rental income stream.

Unless you’re lucky enough to be a cash buyer, you’ll need to finance your investment with a buy-to-let mortgage in the long run. However, as many first-time buyers learn the hard way, it’s often vital to act swiftly to take advantage of the most pleasing possibilities — often even faster than the time it takes to secure a mortgage.

The Need For Bridging Loan Lease Extension
You come across an apartment with the excellent rental potential offered for sale at an extraordinarily low price. The title is provided on a lengthy leasehold basis, as in other flats. The rationale for the price reduction is that the leasehold expiration date is rapidly approaching.

Even after considering the expected costs of extending the lease, this is still a good investment. The issue is that the lease term is too short for a regular lender to consider it for a mortgage. In this situation, a bridging loan might be used to cover both the purchase price and the lease extension cost.

Auction Finance
The auction room can be an excellent place for a novice landlord to find a suitable rental property at a reasonable price. But keep in mind that after your successful bid is accepted, a 10% deposit is usually required on the day of the auction, with the balance due around a month later. If you can’t get the deposit funds together in time for the auction or your buy-to-let mortgage seems like it won’t be in place by the completion date, bridging finance can fill the gap.

A ‘distressed’ transaction is when the seller is desperate to sell the home as soon as possible – another great opportunity to get a great deal. For example, suppose the estate agent tells you that the buyer is willing to take a significant discount off the list price provided you can close within the month. If your timetable for finalizing mortgage arrangements is too tight, a bridging loan calculator can help you out once more.

Essential Property Improvements
The overall goal for many buy-to-let investors is to purchase a property and then renovate it to a standard that maximizes its rental potential and value. Traditional lenders are reluctant to issue a mortgage if the house is uninhabitable at the acquisition time (for example, with no working bathroom or kitchen). A bridging loan might be a great way to get the money you need to get the job done.

Bridging finance can be used to cover the purchase of the property as well as the cost of remedial work to transfer to a mortgage after the property meets the lender’s requirements.

Is Seeking Out A Bridging Finance Always The Best Option?
There is a clear exit strategy in each of these cases. To put it another way, the investor has a clear strategy for repaying the bridging loan, which usually entails transitioning to a buy-to-let mortgage.

Suppose you have a more ambitious buy-to-let idea, such as converting a home into self-contained flats. Don’t worry about obtaining specialized development funding to help you get started. Remember that this sort of financing is only appropriate for instances where you require cash for a limited time (typically less than a year), and you know how to repay them.

It helps if you have access to a bridging loan specialist to secure the best possible terms and a flexible, customized arrangement. If you want to learn more about making the most of your property changes, contact UK Property Finance.