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0 sats \ 3 replies \ @crrdlx 16 Jan \ parent \ on: The Future Of Bitcoin Lending? bitcoin
I don't know anything about this kind of stuff, but this statement sounds crazy scary reckless to me.
this statement sounds crazy scary reckless to me
I don't know anything about this kind of stuff
That's why rich people use margin and not joe average, requires some knowledge of financial engineering
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So, if you've knowledge of financial engineering, then using margin is not reckless? And you therefore become rich? Hmm. That sounds like, if you have NASCAR knowledge/skill, then driving really fast is not dangerous. No doubt it's less dangerous than Joe Average driving fast, but 200 mph is still 200 mph.
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Rich people hire financial engineers, joe average at best only has access to schmucks that rich people haven't occupied already
Margin is more a tool of managing to stay rich, not get rich
In Bitcoiners case, it's a less risky and less expensive way to borrow against Bitcoin and stay Bitcoin rich instead of selling and paying taxes like a poor would
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