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0 sats \ 4 replies \ @klk 12h \ on: How are you planning to deploy your Bitcoin wealth in the coming years? bitcoin_beginners
Depends of when. But I'd rather borrow fiat against my stack rather than sell it.
As long as Bitcoin appreciation rate is higher than the interest rate. Which will probably be the case during our lifespan.
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26 sats \ 3 replies \ @Solomonsatoshi 11h
Never spend it, do anything with it? Just hoard it forever? It is great to have the security/savings for a rainy day, but I hope there is a point sometime where there is something you want to do that Bitcoin enables.
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7 sats \ 2 replies \ @klk 10h
I want to spend it. Just not trade it for fiat.
I would be happy to buy goods or services offered for Bitcoin. But if it's about buying a house in fiat, I'd rather get a Bitcoin backed loan. Keep the appreciating asset and owe the depreciating one. And get a house.
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0 sats \ 0 replies \ @PictureRoom OP 22m
Hmm, my thinking as well. I have a hard time wrapping my head around how this whole bitcoin backed loan works though.
From what I understand, is that I have to pay back the loan in cash. But, can I pay it back in Bitcoin? Or would that not make sense?
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0 sats \ 0 replies \ @Solomonsatoshi 2h
Fair enough although I would be wary of Bitcoin used to secure debt where you must surely surrender the keys to the usury.
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