Damus
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 29w
i really don't recommend borrowing against your bitcoin and paying interest just spend/sell coins as needed yes i understand the numbers but consider the human psychology element of it, and the trac...
BTC_P2P profile picture
I borrowed against some of my stack for a venture at 50k. Had I sold instead of borrowing cash against my 2.5x over collateralized multi sig fiat loan I would have way less bitcoin right now.

I was able to do something productive, write off interest payments on my taxes, and keep my stack in tact. Win.
โค๏ธ2๐Ÿค™1
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 29w
that's amazing when it goes up, but i wonder how the people who took loans out at $120k will feel when $58k gang comes back?