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477 sats \ 10 replies \ @hodlpleb 21 Feb freebie \ on: What are you even gonna do with the money? Personal_Finance
I can’t write a lot because I’m on my phone… but if you are patient, you keep your BTC, take out a loan, buy a revenue generating business, use biz to pay back the loan, quit your fiat job, live off the revenue, build things with your family.
The problem is you have never been rich and don’t understand how rich people manage their assets.
Read More Here how to hodl forever
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21 sats \ 9 replies \ @Fabs OP 21 Feb
Solid.
When do we expect banks to accept BTC as collateral for loans?
The only way I'd use my BTC as collateral would be through an established institution, like a big bank.
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0 sats \ 2 replies \ @037447d9ca 25 Feb
you did not learn anything. bitcoin was created to get rid of banks. banks are becoming obsolete, they can now be replaced by a script. "established institutions" are the ones that steal the most
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0 sats \ 1 reply \ @Fabs OP 25 Feb
And you're living in a bubble.
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0 sats \ 0 replies \ @037447d9ca 25 Feb
https://i0.wp.com/stonetoss.com/wp-content/uploads/2017/12/bitcoin-comic.png?fit=625%2C605&ssl=1
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0 sats \ 5 replies \ @hodlpleb 21 Feb
Maybe within a decade? Fidelity could be first, they’ve been at the forefront of BTC, as a legacy finance corp.
Gotta watch the amounts, you absolutely do not want to get called
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0 sats \ 4 replies \ @Fabs OP 21 Feb freebie
Awesome, I do hope somewhere the next year-ish or so, maybe two... 😋
I'd only take a loan somewhere during a Bear market anyway.