Using a bitcoin backed loan to buy more bitcoin 🤯
Login to reply
Replies (5)
Dont keep it on coinbase as CIAlor
Would be like positive feedback loop of awesome!
Depends if you can get liquidated and probably have to give up custody to secure the loan. I think it is better to just get a regular bank loan or line of credit this way you cannot get liquidated if price goes bearish.
Yeah. Ideally you would try and time the bottom of the bear market for the BTC backed loan
Correct but giving up custody is less than ideal.