Oddbean new post about | logout
▲ ▼
HeyWatchItGuys | 1 years ago (raw) | root | parent | reply | flag +1 
 Cool.  I appreciate both your comments.  For me, I will wait until I can just borrow from #btc then used that to get the right  house.
▲ ▼
Water Blower | 1 years ago (raw) | root | parent | reply | flag 
 What do you mean by borrowing from btc?
▲ ▼
HeyWatchItGuys | 1 years ago (raw) | root | parent | reply | flag 
 There will come a time in the future that you can use your #bitcoin as collateral and since the value of bitcoin is going up against fiat the amount you borrowed from your #bitcoin will be negligible by that time.
▲ ▼
Water Blower | 1 years ago (raw) | root | parent | reply | flag +2 
 I see. You could take a load for example in 300K USD with 10 BTC. The assumption that the price of BTC against fiat is always higher than fiat interest rate.
▲ ▼
HeyWatchItGuys | 1 years ago (raw) | root | parent | reply | flag +1 
 Yep. That's what I meant.
▲ ▼
Trevor | 1 years ago (raw) | root | parent | reply | flag +1 
 And I am also down to borrow from my capital and get returns from that. Saving in bitcoin gives me the reassurance that my money will be there when I need to deploy it be it via a loan out or a direct draw down.