Replying to Avatar Luxas

Perhaps, if you can't repay the fiat loan that leverages the Bitcoin. Otherwise, you're keeping ownership of your Bitcoin and simply using it as an asset to draw line of credit, similar to other hard asset as a car or house.
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PABLOF7z 1y ago 💬 1

there are no free lunches; the world is extremely overfinancialized, which is a big part of the problem. I sleep more comfortably by selling bitcoin when I need to buy something rather than taking that risk.

I actually think is WAY more economical not to leak my power/attention into having to monitor these things plusthe relentless exposure to hidden counterparties in such trade.

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Connie 1y ago 💬 1

The risk you are talking about is in the event that BTC goes down. It all depends on your expectations in this regard. In consideration of the current expectations about the value of BTC and to avoid exposing yourself to the risk that worries you, you could take out a short-term loan (f.e. 3 months) with an early payment option without penalty.

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Connie 1y ago

Anyway, it’s just an idea.