Would you rather sell Bitcoin when you think its peaking this yr (it's not) or take a loan on it?
If I needed fiat, rather just sell. Set tax bill vs high interest + liquidation risk + custodial risk.
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Hear that
I've seen people get rekt from those loans and would not recommend them to anyone who can't afford the worst case scenario.
Until these loans are longer term and not marked to market every day, they are just too risky.
I hear that
