Bitcoin - The Currency of the Internet

4 readers

1 users here now

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars,...

founded 1 year ago

MODERATORS

[email protected]

Bitcoin as collateral? (zerobytes.monster)

submitted 1 day ago by [email protected] to c/[email protected]

0 comments fedilink hide all child comments

The original post: /r/bitcoin by /u/_IscoATX on 2024-11-15 03:11:28.

One of the arguments I see for BTC as an asset is that you can hold it indefinitely and take a loan with some percentage of it as collateral. Like you would with a home equity loan, or a stock portfolio.

Do any of y’all have any experience with this?

How does this work when you have no insurance from the lender (BlockFi crashing out). Is there a way to take these without “temporarily” giving your bitcoin away?

Or is it a matter of market adoption till it becomes a viable option?

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here