you better start reading @pillar series about something similar #265819

Ok, you want a devils advocate so here you have a devils advocate.

A loan makes you vulnerable to the whims of fiat-economy based markets. Especially it robs you of the psychological peace of mind that Bitcoin is supposed to give you.

what if bitcoin doesnt go up in the time period you expect?

what if it goes down?

what if it goes up but then just stays at 30k for the next 5-10 years?

what if interest rates dont go down in the period you expect?

are you good if any/all of those situations happen? if youre depending on particular market action, youre gonna have a bad time. if you can ride it out no matter what, go nuts.

I know the feeling.

I think reading my series can help you. Happy to discuss further after that if you have questions.

LEAPS google it think about tax advantaged account and what bitcoin proxies you can access in your country. Dont fuck arnd with futures etfs thats just giving money to bastards. Stay stacking sats

Only if you can get a low rate, or you have an extremely stable life.

I done two loans aswell one of them for 0% interest. Abuse specially that ones when shopping.

It looks " smart", but you are putting your own peace on the table with all the emotions turbulent, which potentially damages your health, mental and physical. Is it really worth it?

I did exactly that when it dipped below 20k (sentiment was very bad). Wouldn't do it at the current price though. I didn't put up collateral and the monthly servicing payment is low compared to my pay. The loan was also not that big in absolute terms. If those conditions are not met, I wouldn't do it. I just wanted to take advantage of the low prices and pulled forward some future buys.

Today I would just buy at every paycheck.. I'm still doing that as well.

Ok, there's an advantage you have that a Saylor (Microstrategy) or other business doesn't have, and that's SELF CUSTODY. What that means is, that if you take a loan that doesn't require BTC collateral itself, then you can swap the loan funds for BTC, take self-custody, and if you default on the loan, you can keep the BTC. That's not the case for businesses that require a custodian, collateral arrangements, etc. In that way, you can look at it as a reinterpretation of Fight Club's ending. Over the x-axis (time) it's certain to benefit you. Would I do that? Not at the current USD valuation of BTC. But this fits into my own personal situation and beliefs. I'll wait until ETF news drops, and until there's a visible end to rate hikes, DCAing in the meantime. If BTC falls to $20k or lower from now until then, I'll get levered 2x, knowing it would take a 50% decline (to $10k) to get liquidated. I'm not particularly bullish on BTC in the short-term, but certainly am in the the second half of 2024. In my situation I don't have to time anything, but will take advantage of any opportunities as circumstances demand.

This is how most bitcoiners got divorced. You have to know the consequences. ;)

Better not.

There's still a risk that interest rates might stay higher for longer. We could get another March 2020 dump where you might be forced to sell some of that bitcoin at the bottom.

Get a side hustle or sell something you don't really need

Only do it if you are confident you income won't be impacted by an economic downturn and that you can comfortably afford the monthly loan payments from your fiat income. You don't want to have to sell and then watch it go up 10x because you used too much leverage or your income wasn't as secure as possible.

I did a small bitcoin backed loan on Ledn but I closed it out early because I was concerned about the changes they were making to the product and services and purchase of a crypto investment fund. Worked out well though, I put up 10M sats to back a loan for another 10M sats at around 19k and I think we were at 25k when I closed it out. I paid 8% interest for 6 months or so.

Don't do it....

Go full degen! I did twice one time I did it during the 2020 crash (worked out extremely well) the other time was during the run up to 60k and that went horrible. But so is life without risk no reward.

So I say do it and live with the consequences either good or bad