Borrowing against Bitcoin. A good, bad or circumstantially dependent idea?
Asking for opinions here is often counter productive but I’m hoping some of us speak from experience.
Is borrowing cash to buy Bitcoin using Bitcoin as collateral a good idea? I am debt free (apart from student loans), have low income (for now) and no cash to stack sats. I’ve never used credit before either apart from my interest free student loans.
I know Michael Saylor recently did exactly what the title says but he has consistent cash flow and I don’t. I think if I borrowed it wouldn’t be a great idea at the moment but I would like to hear any opinions or suggestions. Thank you.
[link] [comments]
No comments:
Post a Comment