Bitcoin loans only once? Once was enough to swear it off. Curious what tripped you up. Was it the rate, the paperwork, or just the constant worry about price swings and getting margin called?
Bitcoin is about having an asset in hand to use when needed. A loan on Bitcoin should only be made for very specialized purposes, not touted as a general product. The better thing to do in 99% of cases is to just hold the Bitcoin and put off the spending until you can afford it.
The loans are on a hype cycle because that's just how fiat finance brains work, but I don't think it'll stick for Bitcoin.
The loans are on a hype cycle because that's just how fiat finance brains work, but I don't think it'll stick for Bitcoin.
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