Post
Topic
Board Bitcoin Discussion
Re: Binance Provides $500M Loan for Bitcoin Miners
by
cryptosize
on 18/10/2022, 16:24:27 UTC
It poorly calculated risk!
Why take a long at 10% interest rate when you could simply take a normal loan from a bank at 5% and buy directly bitcoin if you think it will increase 10x times?
Oh, wait, why even bother mining at a revenue of 6cents/ths when you could dump the gear and buy coins directly?
I don't recommend BTC ASIC mining to anyone.

This is just another profit-grabbing scheme from Binance that will put into bankruptcy everyone who falls for it.
Everyone is here to make a profit. Nothing wrong with that.

And following this logic, if one satoshi reaches 1 million, how are you going to get your change when buying not a coffee but a car?  Grin
That sounds like hyperinflation/hyperbitcoinization to me.