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@anon
stacking since: #223678
0 sats \ 0 replies \ @anon 1h \ parent \ on: What to do? AskSN
Yes, the funny part is—I’ve been in this situation before, though on a much smaller scale. Back when BTC was around 20k after the FTX crash, I had a choice: take on more exposure or close out the loan. I chose to close it, sold half of the locked BTC to clear the debt, and then Bitcoin went straight to 60k over the next 3–4 months =)
Now I feel like if I close or pay down the loan, BTC will shoot up in the short term. But if I increase the debt, I’ll end up suffering in the short term because of the volatility.
That's a very interesting strategy, but fortunately I have to tax on bitcoin where I live and unfortunately I cannot by ETFs where I live, but I will try to check if I can do something similar, not sure I can borrow against any other asset though
5-10 years. People need to start using bitcoin directly or at the very least start using layer 2's like lightning network and spaces protocol.
Where did you put the paper backup? Where there any camera's in the bar when you were writing down the seed words? Today I’m going to check if there are cameras in the bar and I’ll let you know. I only saved the seed on paper and hid it in my camper when I was alone.
spaces protocol is an interesting naming standard on bitcoin the design is similar to lightning network by handling most interactions off chain and only anchoring essential data on the bitcoin blockchain a lot of work remains for this protocol to succeed ill keep an eye on it
Spaces Protocol
Scalable & Permissionless Bitcoin Identities
Spaces empowers users with a sovereign Bitcoin identity, anchored securely on the Bitcoin blockchain. Imagine a social handle that is truly yours—censorship-resistant and accessible across various protocols like Nostr, wallet naming, peer-to-peer applications, and beyond.
I think a lot of people are missing the point, we use naming for everything. This website we're on is named. stacker news
the domain is an identity controlled by central entity.