Wait explain moar
Discussion
It's risky because you are playing margin. I borrowed usdc from nexo and bought more bitcoin and top ten shit coins. Those blew up and I borrowed against them. Kept the usdc and nexo kept the shitcoins and a little bitcoin.
Obviously, not financial advice. I probably just got lucky and knew where I was in the cycle.
Ideally, you take the loans out early and wait for the usd value to grow so big that you can pay the loan off and keep the difference ( in my case bitcoin).
It’s an interesting approach. I’m pretty risk averse with regard to money/investing (therefore Bitcoin, lol) but I’m always curious what approaches people take.
If I understand correctly, the end-game is untaxed Bitcoin theoretically worth more than you could have acquired via post-tax fiat buys?
