I am looking to increase my bitcoin holdings and i am looking at taking a crypto backed loan with one of the leading platforms? i would be fine to take this loan out a few months ago but at this stage of the bull run how risky would it be ,i know a loan can be risky to begin with, but am i just playing with fire or is there a good chance it will pay off? it would be a 15000 dollar loan a 50% ltv for more information, thanks
the question is where do you what to take a loan here in forum? For sure no one will accept your application unless if you show some poof how you can pay it. If it's not here then as is its very risky to do because bitcoin right now is so unpredictable and not really safe to enter especially if you don't know how to handle the situation.. If i were you educate your self first and don't be greedy because of its results nowadays.. Be smart and make sure once you enter again in it you can avoid the common issue why mostly newbie always give up especially because of being lacks of knowledge .remember that mate.