Contrary take
What if you do not want to sell your bitcoin but still need some fiat? I would say that borrowing against your bitcoin is a solution but:
1. keep in mind volatile nature of bitcoin
2. plan for 90% drawdown
3. do not hurry, do not be greedy
4. maybe borrowing 10% of collateral bitcoin is fine?
5. go to 1 and think again - what would you do if it was 91% drawdown
6. choose lender carefully - this is additional risk
Anyway, borrowing 100% value of collateral is reckless and will always be punished but I do not straight dismiss borrowing at all. Some day a day might come.
npub1vn…kylzx
2026-02-06 08:44:07 UTC
in reply to nevent1q…nwul
Author Public Key
npub1vnp047ge2zual8r3nngzc4ttyzanawd96qf0af4g3n3v6v2akjtqjkylzxSeen on
wss://relay.damus.ioPublished at
2026-02-06 08:44:07 UTCEvent JSON
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