Imagine getting a bitcoin backed loan
Getting margin called
Adding more bitcoin
Getting liquidated
Forced to sell
Not only do you end up with less bitcoin your loan is toast and guess what you still gotta pay that cap gains tax that you were trying to avoid
Smarter
Spend the Bitcoin when you need to
Have an emergency fund so you don’t need to borrow
Sell it p2p
-Hodl Hod
-Bisq
-Robosats
-Retoswap (haven’t used but looks like they do bitcoin / fiat p2p)
Keep your keys, spend what you need
2Pac
2PacStackur@sovrnbitcoiner.com
npub150q6...en2h
Fiat maximalist
Starting to think Monero is digital silver to Bitcoin as digital gold. I mean this in the historical sense the gold was money but so was silver and copper coins.
Monero has a higher inflation through tail emissions making it less scarce then digital gold. Similar to the real relationship to physical gold and silver. Silver is more abundant than gold making it less scarce and have less value lb for lb. Silver is easier to mine and less energy intense so is Monero.
One might be more inclined to spend their silver pieces and save their gold pieces. Store silver in a purse (historically me wore purses for their coins) and gold in a safe. Bitcoin has better cold storage options.
Institution are more likely to stockpile gold than silver. We are also seeing this today in bitcoin.
Gold and silver are not competitors they serve different but similar functions as money.
Kinda hope we do a $230k top and go down to $69k

