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68 sats \ 7 replies \ @Scoresby 18h \ on: 5 Thoughts On How A Bitcoin Backed Strike Loan Changed My Finance Habits econ
This is interesting. Thanks for posting. I've been pretty reluctant to do any loans secured by my bitcoin, but I see the value.
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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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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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