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This is interesting. Thanks for posting. I've been pretty reluctant to do any loans secured by my bitcoin, but I see the value.
148 sats \ 1 reply \ @j7hB75 16h
I’m in the same boat. Very reluctant because I don’t see the point. Can you help me see the value in this?
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You buy bitcoin instead of paying off debt. It’s a leverage play. Risky and not for the faint of heart.
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but I see the value.
Which value? Creating more fiat?
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51 sats \ 1 reply \ @j7hB75 14h
This is what I’m trying to figure out. It’s all unicorns and rainbows but nobody seems to explain the value in doing this.
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Buying Bitcoin instead of paying off debt that is all that is happening here.
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Buying more bitcoin
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Yeah you have to be comfortable with risk and be honest about paying down your debt. If you have suspect cash flow I wouldn’t recommend doing this.
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