Remember when Bitcoin was over $100k and Strike was on here promoting Bitcoin-backed loans and we were all like, Nah, just stack your sats and stay humble.
So, we were right.
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Replies (14)
The maxis are always right.
Loans have a place, but you better fully understand them, watch them like a hawk, and have a purpose, not just some barstool idea your buddy told you.
Stack Sats (and assets in general) should always be the default.
0.02% is when you reach 1 BTC right ?
Math are cool but it's better to not brag about how much bitcoins you have. Stay safe.
And no, most bitcoiners are not able to buy 10 bitcoins cash every other week (or ever).
I got rekt by BTC loaning in the 2022 era. But when I took it was to try to cover for an emergency.
Now, if a degen takes one to buy more BTC and adds said BTC back into the pot, then they wouldn’t really get liquidated if it goes down, would they?
All loans are a form of gambling, so it's mostly a question of weighing risk and hoping for luck.
Even being a satoshi millionaire (0.1 BTC) is enough to put you in the top 10% of active wallets. Hardly anyone actually holds the keys to any Bitcoin.
Ah, you're right. I miscalculated. 0.02% is slightly off. But still. 0.0x% is crazy.
Das ist geil!
But this client feels a bit heavy, I wonder why
People don't realize that, if there is a chance that Bitcoin become the dominant global money, a few millions sats will already be considered crazy rich.
Jumble
A user-friendly Nostr client for exploring relay feeds
Hmm.... I don't like websites serving cryptography elements. This jumble appimage is a bit hard to use. I would probably get used to it, but it's a steep learning curve I must say. A normal person would probably be exhausted already, but let's continue... now where are my replies
Thinking about take a Bitcoin backed loan now though
very bullish
It's at least not crazy now. It was definitely and obviously crazy, at $100.