Quote from: MiF on June 21, 2023, 08:54:57 AM

Quote from: Greg Tonoski on June 19, 2023, 08:27:06 PM

May I ask you to share your experience and advise about how to borrow ETH to buy BTC, please? I'm interested in taking adventage of price action so could be settled off-chain.

borrowing ETH is just like borrowing money o don't think there is someone or platform that can give you eth without any interest,you need to pay interest on it and that was totally risky because we don't know what will going to happen next after you borrow eth,because eth price os also moving up and down same with btc so i think it is not a good idea.

actually the same pattern when borrowing eth to buy btc, as if borrowing money to buy btc. I think the colleague above is very correct, so that you also take into account how much interest you have to pay for the eth loan, especially if the loan has to be paid with eth, then it doesn't seem like it will be maximized because eth will also increase when btc goes up. it would be better to just borrow money if you really want to do it but always do research since when you started borrowing, so it doesn't take too long and you can get a price increase quickly and on time. as long as borrowing is used properly, I think it's good to do.