Subnostr

🐉AT ₿01 1y ago

Correct me if I'm shitcoining, but....

1) take loan

2) buy bitcoin

3) collateralize bitcoin for low to zero interest loan

4) pay off original loan

5) let your bitcoin moon

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Discussion

realjode 1y ago

BITwise 🐳 >>= RIGHTish 1y ago

If bitcoin dips though... #3 will come margin calling so be sure you have excess capital on the sidelines if you want to be safe.

Certainly more risky than hodling but not quite shitcoining. Risk/reward and all that.

🐉AT ₿01 1y ago

Way better to just buy bitcoin with cash flow but if you had credit and no capital, other than a major crash can't really fuck it up

BITwise 🐳 >>= RIGHTish 1y ago

Its also assuming you can find a zero (or near zero) interest bitcoin loan. I'd imagine it's possible and theyre out there since you're fully collaterised but I don't really know since either haven't been actively looking.

🐉AT ₿01 1y ago

I wouldn't trust anyone offering it even if there was lol.

Hodl Harry 1y ago

1) get a loan

2) buy Bitcoin

3) put it on cold storage and pay off the loan for as long as you can

Mr. Sat Stacker 1y ago

No that is correct.

Alex 1y ago

Where do you get a low interest rate loan on your bitcoin? Looking at unchained the rate is like 15%

🐉AT ₿01 1y ago

Good question, maybe in the future things will be different