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
I don't understand the point of Bitcoin loans.
If you have a collateral that can cover such BTC loan,then just why don't you sell the altcoins and buy Bitcoin?You won't have to repay the loan and you won't have to pay interest rates.
People borrow money to invest in their businesses or to buy stuff.What's the point of borrowing Bitcoins just for the sake of HODLing them,knowing that you will have to repay those BTC with interest?