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Where can I quickly get a $10k paper money loan, with $10k in BTC as collateral, to buy $10k worth of BTC before shit gets overly real? 🤔

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Discussion

nobody 2y ago

Ask Jamie Dimon.

TheGrinder 2y ago

I was going to ask Michael but he isn't taking my calls.

nobody 2y ago

He doesn’t want any competition. That’s a fact.

TheGrinder 2y ago

His playbook is brilliant though. This where owning a little KYC bitcoin can come in handy. I know you can use it as collateral in some places.

nobody 2y ago

There will be classes taught on his playbook. It’s beyond brilliant. He did his homework & his conviction was never based on a gut feeling. He knew the math.

MattA 2y ago

I’ll spot you guys…

meow 😽

TheGrinder 2y ago

🤣

2Pac 2y ago

Get an unsecured line of credit from the bank then start filling orders on robosats

TheGrinder 2y ago

I don't have a credit line. Somehow banks over here don't like to give you loans if you're not paying off any loans already.

2Pac 2y ago

Just apply worst they can say is no

TheGrinder 2y ago

I have in the past but without debt it's not that easy. Plus, I don't really want to owe a bank, they're scammers and can't be trusted. If I were to collateral coins they'd have to be tied up in an unbreakable contract on-chain.

2Pac 2y ago

Just trade bitcoin futures on LNMarkets then and use your coins as margin just don’t get liquidated 😅

TheGrinder 2y ago

I do margin elsewhere but I keep trading portfolio and hodl stack strictly separated and I cap at 3x. I leave the getting liquidated to the noobs. 🤣

Son of Vin 🍷 2y ago

This was like the game Celsius, etc all lured people in with lol

TheGrinder 2y ago

It's basically what Saylor has been doing for the last 4 years 😉

Son of Vin 🍷 2y ago

Hah true true

sperry 2y ago

I know nothing, but some podcasters peddle it.

https://unchained.com/loans

TheGrinder 2y ago

I'll check them out. ty

Shimmy 2y ago

As of 1 January 2024, they only loan out to business entities with stated business purposes. They won't give out Bitcoin-backed personal loans

sperry 2y ago

interesting, what's the reasoning? regulation compliance?

Shimmy 2y ago

Not sure. They didn't really give out specific information. It could be they're just more comfortable giving loans to larger entities but it's also possible they're feeling regulatory pressure and adjusted their business model.

sperry 2y ago

I mean, collateral is collateral, IMO.

Beiner 2y ago

Hodlhodl.com you can get loans with btc and you will receive Lbtc