Sometimes I'm tempted to take out a personal loan and stack more sats with it.
But I don't want to use leverage. Tough decision... #bitcoin
Sometimes I'm tempted to take out a personal loan and stack more sats with it.
But I don't want to use leverage. Tough decision... #bitcoin
Please don’t let greed enter what should otherwise be a logical decision. I’m sure not all leverage is bad, but it is a tool of the fiat world after all. I proceed only with extreme caution in that world since I neither make nor (I’m sure) know all the rules.
Good point 🙌🏻
I would only recommend a mortgage because they can be obtained at preposterous durations (30 years) so that equity can outpace the interest as Bitcoin
You could consider unsecured only if you’re willing to potentially default and wreck your credit score (because you already have a mortgage and won’t be borrowing again) and pay 40-50 cents on the dollar to keep from getting sued
In all, I wouldn’t risk it. Better to stay humble, stack sats, and produce more than you consume for as long as possible
Yeah I don't think I'll risk it. Staying humble has worked well for me the last few years.
Thanks for the advice 🫡
Arguably a noble choice however noting that most of fiat is created by debt and therefore some form of leverage. That said if you can afford the repayments then ¯\_(ツ)_/¯