Oddbean new post about login | logout #asknostr How irresponsible is it to take on short-term, high-interest debt, in exchange for a solid and satisfying stack, if you know you’ll be able to pay it off shortly without getting f’d by the interest? #SatsOrRentOrBoth
From 1 to 10, I’d say 100! It is just plain dumb, if you ask me 🫡
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Just talking to a buddy about a potential shake down in markets. History shows that leverage is a killer. Values may fall from millions to hundreds of thousands. Use leverage carefully. Long duration and fixed low interest loans (like a mortgage) are great.
I appreciate this. Thanks brother
If you aren’t depending on bitcoin to rise or stay stable in price in order to pay it off, I don’t see really see the problem. Only downside is that you might not get as good of a deal on your btc purchase if bitcoin dips in the time you take to pay it off
Yeah, my thinking was from a place of pre-NGU fomo. But ultimately bad idea. Staying humble, stacking slower
If you’re not banking on number go up for the sats, and “know” you’ll be able to have funds to repay from some other relatively reliable source, then it’s only normal bad high risk. But if you’re counting on selling some of those sats to pay the loan - 🚫 just don’t go there 🚫.
Oh yea would pay it off using other cash flow. Just tryna scoop up more sats before NGU lol