Subnostr

I’m playing devils advocate here because I haven’t done it, but I don’t know that it’s completely illogical. If you get good terms on the loan and expect inflation to chip away at it, plus the halving to increase the price in the next ~18 to 24 months, then it isn’t illogical.

A good idea? That’s a different conversation 😂

Gary ₿usey 2y ago

That's an interesting perspective. And I see where you're coming from. Maybe you can answer this for me: how difficult do you think it would be to get good terms on a loan at this point in time?

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Discussion

Landy 2y ago

That depends on your circumstances I guess, I could get a £25k loan at 6%. True inflation in the UK is 6.3%, CPI is 6.7%, so technically that is a good deal if you think inflation will keep running. Inflation would dictate that it costs less to take the loan that to leave it.

By those metrics it (can) make sense to take a loan if you have high risk tolerance. Everything is a bet really

TKay 2y ago

Bitcoin is here to free us. Why one would choose to enslave them selves to the bank to own is beyond me.