Replying to Avatar J. Macks

Took out a loan on @strike. As someone obsessed with UX, this was insanely clean. Great job nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and team!

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Platinum Bear 4mo ago đź’¬ 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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Colonel F. Sidra 4mo ago

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

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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.