Quote from: LogitechMouse on June 26, 2023, 10:17:39 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.

Why not just find a daily job, keep a percent of your salary, and just buy Bitcoin?
I mean why taking a loan if you don't have any collateral at all? Maybe go to a bank, put anything that you own as a collateral to get a loan, and use that loan to buy Bitcoin. Why putting yourself in so much stress to the point that you want to borrow ETH just to buy Bitcoin?

I can't understand the logic behind the OP's question. Why borrow ETH to buy BTC? It doesn't make any sense at all. I also don't know if some lenders here will let you borrow money just by looking at your rank alone. Overall, just go to work, and use that money to buy Bitcoin.

You're right. Working the daily grind and pocketing some change for Bitcoin investment is a practical and safe bet. It reins in risk and ensures you're not biting off more than you can chew financially.

Borrowing ETH, a shaky asset, to acquire Bitcoin adds an extra level of risk and intricacy. It might be a no-go zone for many, particularly those dipping their toes into the crypto pool. These assets' volatility could spell hefty losses.

Securing a loan with collateral to dive into Bitcoin? That's a dangerous move. Given the wild nature of the crypto scene, it's possible to wipe out the investment and collateral. So, sticking to your day job and saving for Bitcoin? That's playing it smart.