pull down to refresh
0 sats \ 2 replies \ @justin_shocknet 16 Jan \ parent \ on: The Future Of Bitcoin Lending? bitcoin
That's why rich people use margin and not joe average, requires some knowledge of financial engineering
So, if you've knowledge of financial engineering, then using margin is not reckless? And you therefore become rich? Hmm. That sounds like, if you have NASCAR knowledge/skill, then driving really fast is not dangerous. No doubt it's less dangerous than Joe Average driving fast, but 200 mph is still 200 mph.
reply
Rich people hire financial engineers, joe average at best only has access to schmucks that rich people haven't occupied already
Margin is more a tool of managing to stay rich, not get rich
In Bitcoiners case, it's a less risky and less expensive way to borrow against Bitcoin and stay Bitcoin rich instead of selling and paying taxes like a poor would
reply