Rich Nost
· 2w
The hardest part about bitcoin is resisting the urge to just sit on your hands and not do anything fucky with it, no matter how many numbskulls at the meetup talk about how awesome it is to stick a fo...
I always say to leverage traders: "You know they can see both sides of the long/short book, and have enough Bitcoin in reserve to cause some tidal waves of market orders, right?"
This goes for loans too. Do not play with loans, unless you have the spare cash to reacquire that Bitcoin upon liquidation. Chances of this working for you are exceedingly few. Let alone the interest (position costs / fees.)