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RE: Looking for crypto collateral loans
I don't know exactly what kinds of cryptos you have but I know that you can deposit many common cryptos on to your Bitshares account. And from there on it is possible to lock them in as collateral and you would get 20% in BitUSD loans. Which you could sell against Fiat. The only problem is that your Deposit has also a margin limit and if the markets keep on droping further they would offset your deposit in order to pay back the loan.
Anyhow, I can't think of any other solution to get money from your cryptos if you are not willing to sell your positions. Maybe you have cryptos with negative performance...sell those and claim your loss with your taxes.
I hope you will find a good solution for your problem!
Thr problem is i need bts to do this and i only have a few % of my portfolio in bts. But this is a great idea?
Or am i wrong that i can deposit other cryptos on bitshares?
You can deposit all kinds of cryptos into your Bitshares Wallet (BTC, LTC, EOS etc...) but I think the lending option is only available for BTS and BitUSD holdings.
That said, I would recommend to put some of your earnings from Steemit (SBD/Steem) into your BTS Wallet since every gain from Steemit are always taxable events. And when you transfer your Steem to Bitshares you can buy BTS and use the 20% lending option. That's how you can make the most profit out of it!!!