Quote from: Cannabijoy on Today at 12:22:12 AM

Quote from: Slow death on August 04, 2022, 08:52:24 PM

I had to read it many times to understand what is the point of you making a loan when you already have money that you invested in bitcoin and you can use it? I have a question:

The day you took your money and decided to buy bitcoin, what was your deal with it? your goal was to buy bitcoin and make hodl and never spend that bitcoin and you die without spending the bitcoin? was that your goal? or was your goal to buy bitcoin and hodl until it increased a lot and then you spent it in the real world?

when we make an investment the objective is to make a profit and then we use that profit, and we continue to invest and then we use the profit, always keeping the principal to generate more profit. it makes no sense to make a loan when you could sell a part of your bitcoins and leave another part until you had a big increase to make more profit

My goal is to never sell the Bitcoin, and to leave it to my children after I die. I will teach them about the first principles of money, and why Bitcoin is the greatest, hardest money ever created, so that they never sell it. Their cash can be stolen through inflation, their gold can be stolen by anyone, and their land can be stolen by eminent domain or asset forfeiture. Their Bitcoin can never be stolen, so long as they know how to hodl it.

I think you need to have a more thoughtful plan than this 'borrow fiat, never sell bitcoin' plan. You know, fiat has the interest rate, and if Bitcoin was under a bear market with price drop every day, you put yourself at risk. Saw how many crypto financials like 3AC, Voyager, Celsius are now under bankruptcy because of hedge funds, lending,... They've expanded a lot when it was a bull market and overestimated themself and can not cover under the bear market.