0 sats \ 2 replies \ @HardRich OP 30 Nov 2023 \ parent \ on: Loaning bitcoin to family - bad idea? bitcoin
True, except for if I have cash laying around I’d buy bitcoin so I’m in the same boat. Cash now = Bitcoin now.
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0 sats \ 1 reply \ @bzzzt 30 Nov 2023
But youd give this bitcoin to your brother, then hed liquidate it and have to pay you back in btc terms ? Instead of just liquidating it yourself, then making him the fiat loan ?
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0 sats \ 0 replies \ @HardRich OP 30 Nov 2023
If I liquidate I’d pay cap gains. I’d also lose my stake in bitcoin - so I’d miss out on any price rally.
Based on other comments, seems the best is to use something like Unchained Capital to get a loan with my Bitcoin as collateral, while my bro pays back Unchained.
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