Lebanese Hodl
· 20w
Even if you don’t pay back the principal you have the service the interest every month.
been using loans for a couple years. never paid the monthly interest. get rate at 5-7%. bitcoin's risen 20%. arbitraging 13-15%. have closed out loans with a fraction of coin. other times, just rolled with smaller amount.
you don't have to use it.
question though: if someone uses their bitcoin to close their loan, is that still considered spending or not?