WHAT DO Y’ALL THINK ABOUT ALL THESE #BITCOIN LOANS? #ASKNOSTR 
Discussion
I don't like the idea of rolling over debt to pay old debt, because then your debt just keeps increasing unless you have fiat income to pay it down with time. Maybe I'm just too dumb to understand how that works without eventually selling the Bitcoin.
What scenario are you thinking about when you say rolling over debt to pay old debt? Like a loan that pays off another loan but has a better interest rate? Maybe I’m too dumb too. 😄
I just tried to think like, I take a loan of 10k with 20k BTC down for a year.
At the end of the year, I owe say 11.5k and my Bitcoin is worth 25k. Do I take out a second loan with 23k BTC to repay the old one and reclaim more Bitcoin? I'd have to have a hell of a lot of Bitcoin to buy a year's worth of fiat and roll it over with less Bitcoin in collateral ever year. 4 years worth of Bitcoin to keep the scheme going.
Yeah that’s interesting. This scenario assumes that all goes well right?
Nope
get liquid and get ready to buy from desperate, forced sellers
Armstrong getting a bit of fomo, gotta stack those sats somehow!
Hold on to your sats
Good if used responsibly and you use a good company
But most will degen and get margin called
But never ever fucking ever use Coinbase for anything
And also not your keys not your coin
Never ever consider a Bitcoin loan when in the peak year of a Bitcoin cycle.
All debt is bad.