Nostr Web Client

Took out a loan on @strike. As someone obsessed with UX, this was insanely clean. Great job nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgjwaehxw309ac82unsd3jhqct89ejhxffyy48 and team!

Platinum Bear 4mo ago 💬 2

I would like for someone to explain in detail how and why taking a loan on your bitcoin is a wise thing to do. Your rate of return we have to be greater than interest rate on the bitcoin.

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Discussion

Colonel F. Sidra 4mo ago

Unless I'm mistaken, you may have just answered your own question.

Speedster 4mo ago

Paying 12% interest is cheaper than 30% capital gains tax. As long as bitcoin’s CAGR is higher than the interest rate and you keep the leverage low it makes sense. Not risk free though.