Replying to Avatar Diyana

where can I learn about "don't sell your Bitcoin, borrow against it"?

#asknostr
Avatar
BitLo 1y ago

Loan rates are too high imo right now. They will come down over time IMO.

Unchained is very reputable if you still want to do it , and I would recommend a very low loan to value of no more than say 10%. That way Bitcoin would need to crash 90% for you to be in a bind. Very unlikely.

Just my 2 sats and not legal advice. 😉

Reply to this note

Please Login to reply.

Discussion

Avatar
Diyana 1y ago

Thank you. I was just curious. It doesn't seem like it's for me. I need a car and trying to figure out the best route and that for some reason popped up my awareness.