I borrowed against some of my stack for a venture at 50k. Had I sold instead of borrowing cash against my 2.5x over collateralized multi sig fiat loan I would have way less bitcoin right now.
I was able to do something productive, write off interest payments on my taxes, and keep my stack in tact. Win.
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that's amazing when it goes up, but i wonder how the people who took loans out at $120k will feel when $58k gang comes back?