Yeah, there's a reason I don't have existing experience with it. I have been avoiding taking a loan on my stack like the plague.
I am currently in a bind though. I don't have other assets that could be used for this amount that I have any equity in at this time, and I don't have cash sitting around to pay for it out of pocket.
My current options are:
1. Sell my Bitcoin to pay for it.
2. Borrow against my Bitcoin to pay for it.
Which of those bad options is the better route? If I sell, I risk having to buy back at a much higher price. If I borrow and the price drops, I risk having to pay it off faster, or put up more of my stack as collateral. Neither option is appetizing, but given where we are in the cycle, I am far more worried about option 1 than option 2 at present.
Definitely on the list that I am considering. Hoping to hear from folks who have used them.
Been thinking about Unchained. Hopefully someone who has done a loan with them before can let me know how it went.
I have to say that in my experience with Unchained for other products, their service levels are of the charts amazing!
Thanks for the suggestion! Looking for recommendations from those with experience, if possible, though.
Who do you all recommend for getting a loan on your #Bitcoin?
My kids have some expensive dental work that needs to be done and I would really hate to have to sell in order to pay for it, but all my dry power is in Bitcoin right now.
#plebchain #asknostr
S9i running at 800W with fans at 55% and averaging about 10.3TH/s. It's helping keep my office warm when I work from home.
Interesting idea. I imagine that managing liquidity, which would almost always be traveling in one direction, would be a pain in the ass, though.
Replying to https://twitter.com/bitcoin_clown/status/1726990999845793910:
@bitcoin_clown Hmm, move your money from an investment vehicle where you have zero ability to custody your funds, into one where you can hold 2 out of 3 keys in a multisig?
Seems like a no brainer IF you have conviction about Bitcoin's future.
Replying to https://twitter.com/gvictor808/status/1726993951973056759:
@gvictor808 @bitcoin_clown Unchained is a 2 of 3 multisig where YOU hold 2 keys and they hold only 1. It is real and you can verify it on chain.
Replying to https://twitter.com/sovtoshi/status/1725619495488872837:
@sovtoshi I got the ⚡ and the 📧, but not the 🦚. Need an ostrich emoji...
Replying to https://twitter.com/CryptoCloaks/status/1724508220637462835:
@CryptoCloaks Thanks for everything you do! Got my S9 directly from @kaboomracks earlier this year, but turned it into a space heater thanks to y'all! 
Hashing to help heat my home this winter. Thanks nostr:npub1lrjgpa9m2dl6esdah5pq7m005ymwh4glq4aet76q2zlz2f83esfsa2zvrj and nostr:npub1q4zl8v0cpeu0lv47msq2z0jpkr2q3wq5d4ukylxg9sx7t7rcz0uq5ftv7q!
#Bitcoin #mining #plebchain
Wait... Isn't Apple's closed ecosystem supposed to protect from this? Or maybe it just gives people a false sense of security that makes being duped by such scams even more likely?. https://t.co/3OcAiciQtT
365 is not divisible by 28. 364 is. This means we would need an extra day EVERY year, and another extra day every 4 years.
Friendly reminder that it has been 6 years, 4 months, 2 weeks, and 1 day since ETH has had a new all-time-high.
#Bitcoin vs #shitcoins
Friendly reminder that it has been 6 years, 4 months, 2 weeks, and 1 day since ETH has had a new all-time-high.
#Bitcoin vs #shitcoins
#AskNostr Are there any mining pools that payout via Lightning?
