Are you using that strategy? Personally I stay away from crypto loans since I don't really want to be margin called at some point.
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Are you using that strategy? Personally I stay away from crypto loans since I don't really want to be margin called at some point.
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Yes I do lend my BTC out on CEFI platform like blockfi Luno and Celsius and then on DEFI woth HODLHODL
I have not made a big loan before only $500 to test it, I don’t see the need to take a loan yet but if I do I would make sure it’s well within my range for a 50% draw down
Ah ok. Are you paying attention to the prices before taking loans?
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Not really no, because even if you are margin called you still get that collateral back after paying off the loan and the interest rate on these loans are far cheaper than the tax you would otherwise pay by selling your Bitcoin