reply on: What are you even gonna do with the money? \ stacker news ~Personal

0 sats \ 5 replies \ @hodlpleb 21 Feb \ parent \ on: What are you even gonna do with the money? Personal_Finance

Maybe within a decade? Fidelity could be first, they’ve been at the forefront of BTC, as a legacy finance corp.

Gotta watch the amounts, you absolutely do not want to get called

Awesome, I do hope somewhere the next year-ish or so, maybe two... 😋

I'd only take a loan somewhere during a Bear market anyway.

We’ll I’m sure there will be new Celsius or BlockFi, but those are more risky. Really if you are trying to take out loans already, maybe best to focus on creating value and storing the money into Bitcoin … feels a bit short sighted to be worried about taking out loans right now, but maybe you have a hundred bitcoin …

0 sats \ 2 replies \ @Fabs OP 21 Feb

I've thought about buying something which has a pretty stable level of value - Gold - and simply pawning it, paying off the loan, and pawning it again...

0 sats \ 1 reply \ @hodlpleb 22 Feb

I don't quite follow the steps here, but sounds risky, no proof of work.

I don't know your situation, but seems you are taking a very short term approach overall.

0 sats \ 0 replies \ @Fabs OP 22 Feb

I'd have the Gold besides my Bitcoin, and simply use it as a means of getting loans to buy more Bitcoin with, until I'd be able to take loans against my Bitcoin.