I'm kind of tired of hearing this "never sell your bitcoin" grift. Yea, that's great in a world of corporate finance where apparently there are huge lines of lemmings to give you money for basically free.
However, on the retail side, almost no good options exist without significant counterparty risk. I resorted to having to use Unchained because my use was for an investment so i formed an LLC and was able to make that work. Great.
Hearing some of the latest content from people like Mark Moss telling you once again to never sell your coin, but also failing to mention as someone who should be an expert has been liquidated himself in BTC lending.
Just tread lightly with all this influencer bullshit fallacy of never selling coin. Do what you need to do. Live below your means. Take care of yourself and your family - you're not going to live forever. And in the words of nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx, live freely.
I would say never sell all your Bitcoin.
That would be a mistake.
Using your Bitcoin as collateral for a loan usually involves putting twice the required funds at risk. At the moment those risks are not insignificant.
Maybe in time lenders will recognise that the risk can't all be on the borrower if they want our business.
Ultimately you are the only one responsible for how you use your Bitcoin. Every decision has tradeoffs.
Agree 100%. I have no doubt we’ll start seeing more consumer lending products 2025 from major institutions - but the trickle will be slow. Plan accordingly.
It's pristine collateral in a sea of risk, they just haven't figured that out yet.
Saylor is showing them how they can minimise their downside risk while capturing the upside volatility. You're right - the retail products are coming but they will take time.
I think patience is the lesson we should focus on this epoch.
