Post
Topic
Board Bitcoin Discussion
Re: Borrow fiat with your Bitcoin and never sell
by
NotATether
on 02/08/2022, 10:07:45 UTC
I dont have enough Bitcoin (yet) to borrow for anything significant, but this is my ultimate plan. When I get enough Bitcoin, I would borrow no more than half its worth (in case the price drops), and then I would still have Bitcoin along with whatever property I buy with the borrowed money.

You are going to trust the economic recession with your borrowed cash?

Sorry to rain on your parade, but the inflations and rising interest coming from the recession megastorm in the next few months are going to wipe out your borrowed cash, and the bitcoin you're borrowing it against.

Don't throw your hard-earned bitcoins into a funnel, wait until the price gets out of its bearish burrow, and then buy the stuff you want by liquidating parts of your BTC.