Post
Topic
Board Bitcoin Discussion
Re: Borrow fiat with your Bitcoin and never sell
by
Cannabijoy
on 02/08/2022, 00:23:45 UTC
Have any of you heard of “Buy, Borrow, Die”? It’s what billionaires do, and it’s why they never pay taxes. If more Bitcoiners followed this strategy, the price of Bitcoin would also rise because we would have more holders.
I get you and this is how I love how Robert Kiyosaki inspired people about debt and taxes and it might it's good if you watch this short clip of him.
https://www.youtube.com/shorts/vZv-7NqI3NM

This man I most admire, it's sure you've learned a lot with him and I think this idea is also good to apply if you want to invest in Bitcoin and aim for a target range time so that you can get paid the interest.

Your idea seems good, but make sure you can handle it very well.  There should be a game plan.

I have seen videos with Robert Kiyosaki before, and he makes a lot of sense. You don’t want to borrow money against your Bitcoin for something like a car. You want to borrow the money to invest into rental properties or some other business that will make you money. You could sell the Bitcoin and live your entrepreneurial dreams; or you can borrow the money, live your entrepreneurial dreams, and keep your ever rising Bitcoin.