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The problem is a lot of these loans start at 10 grand so you need to put 20 grand A lot of people can't afford those payments. Even though they have 30-35 grand in their Bitcoin account, they just don't make enough income to pay loans off. That's what a lot of people get messed up.

No matter what never take loans.

Explain

If timed properly, and for those with strong money/cashflow mgmt skills.

🤔

Don’t do it. We’re still early in the game. Just DCA with small amounts you can actually afford. And honestly, taking a loan for this stuff is a bad idea unless you’re loaded and can pay it off whenever.

Take a loan to buy a house, yes Take a loan to buy the best assest on earth, no 🤔

Its easier to live and spend realistically. What ever is a loan is money that you never had. U will get it in future earnings and nothing tomorrow is promised. I think it improves your overall unite of hapinnes with life. And also I would leave those opportunities to raise loans for some bigger stuff than bitcoin. Like health emergencies or life saving kind. And bitcoin buy with what you have extra as a good future investment if you believe in completely cashless paying future ... and some futuristic craze.

Bitcoin is the best long term asset in my opinion but that doesn’t mean taking a loan to buy it makes sense. Bitcoin gives you freedom and debt takes it away. Just stack with money you actually have, not money you owe. That’s how you win in my opinion.

I talked to several local banks wanting to DCA a thousand dollars a month over 4 years. None of them would do it. Two of them essentially told me that Bitcoin is a threat to their business. One offered to loan up to half my holdings but I'd have to trust my BTC to Fidelity, and that was a non-starter once I looked into it.

My husband has been trying to convince me for some time! I’m still on the fence. We’re considering a heloc.

Do it, take loan for 4 or 5 years and make sure you can meet monthly payments without selling yout stack.

Interesting

How strong is your income stream? Are you banking rent that takes no effort, and will continue despite any health or age or changing interests? Already have something to leverage that you don't want to sell because you live in it? Strong Equity because you bought it 15 years ago? DO IT, duh. but thats alot of ifs for most folks.

joinhorizon.com, duh. Easiest way to do it.

Someone stacking credit lines gains purchasing power over someone who doesn‘t. I didn‘t make the rules. Just following them. 🧡🗽

With a 65% crash every 4 years in value, it's too risky to take a loan against.

I think it's a bad idea. Debt is debt and you don't want to be the one on the receiving side. The good news is today marks 95% of bitcoin mined. The next 4% will take 10 years to to mine. When the circulating supply inevitability dries up, then you will be in a position to lend out your bitcoin and live off the interest. For now we hold on for dear life.

The right amount of leverage is “I won’t even miss this money”. Like 5% of your income per week in repayments. You can probably find 5% of bullshit in your spending to cover the repayment every week without blinking. 10%, maybe that’s getting tougher, some small lifestyle adjustment needed to keep the budget working. 20%, now you’re going to start having liquidity problems in a few weeks time you didn’t anticipate. 50%, sweet Jesus who wrote you this loan? Can I short them?