10 sats \ 4 replies \ @BlokchainB 13 Mar \ on: Don't pay now (in fiat) what you can pay later bitcoin
Using Leverage I see
I recently took this advice and it’s worked out well for me since Bitcoin went up.
But I also got burned in 2021 run up and still paying for using leverage.
Just be smart and remain humble.
It's not exactly leverage, it's more about delaying payments where possible and cheap.
For example, by paying my water bill up for 6 months ahead I was subsidizing the water company, and I figured out I didn't have to.
Hope you recover.
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There's no leverage here. It's simply a bet that over the long term bitcoin appreciates against fiat currencies designed to debase forever.
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Forgoing paying debt to invest is using leverage.
It’s not in a bitmex degen 100% leverage play. But it’s still leverage it’s debt based leverage
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I suppose. The key is doing it responsibly. Income > expenses or you're gonna become a forced seller at the wrong time
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