This is exactly what I did with one of my vaults. I sold a bunch of STEEM several weeks back, bought BAT and then collateralized it for DAI which I then used to buy HIVE and power up for CR.
I also got lucky and did it a few days before the Huobi airdrop (buying the HIVE around 1600 SATS) so I’m doing quite well on that loan 🚀
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Smart move :)
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Let's not forget that BAT managed to be extremely resistant to the bear market and maintain a decent stability (compared to rest of crypto and especially STEEM). Stability is importunate when you make this type of trades.
Posted Using LeoFinance