pull down to refresh
45 sats \ 2 replies \ @BlokchainB 30 Jul \ on: Stacker Saloon
This strike loan thing might not be such a bad idea. The only thing that sucks is the interest rate but you can buy the BTC then make the loan then pay off the loan with your fiat job.
Plus you can buy before people like XXI and Adam Back and all these other treasury companies that are looking to stack bitcoin which ultimately means you get less sats for the future dollars you put in.
As with anything the key is risk management! If you don’t have a sure way to pay off what you took out in 12 months then don’t risk it!
If you don’t have other assets to make sure you don’t get margin called or liquidated don’t do this.
If you hate debt don’t do this!!
But I think this is cool because once I pay off the debt I get the bitcoin back plus be in a much better position financially. Instead of me just taking the windfall and paying off my debts which is great but the opportunity cost of getting sats at these prices is a risky bet. The price of bitcoin per dollar could be north of $200k by this time.
Let’s check and see @remindme in 1 year.