Never sell your bitcoin... Borrow against your bitcoin.. Lend your bitcoin to a third party... Borrow fiat against the bitcoin you don't hold anymore... This is so fucking RETARDED! Wake the fuck up! Bitcoin is money, money is the most saleable good of the economy. You sell money every time you buy something. Sell = spend. We want to destroy fiat, no to prolong its life through bitcoin collateralized loans. Low time preference means you only buy what you value more than the money you hold. Just make strategic and smart purchases when you really need/want something... Don't get leverage to spend, thats more than retarded. Never borrow to buy something... If you need credit to invest use the fiat system but not your bitcoins. Liquidations will be triggered by banks, period... This is a game you are not supposed to play because banks ALWAYS win, and they can always manipulate the game. Learn from fucking history. REMEMBER WHY WE ARE HERE You can't kill a parasite if you keep feeding it!!!

Replies (34)

First tell them bitcoin has a 50% CAGR, give them all fomo to fuel their greed. Then sell them loans at 13% after demanding 200% in collateral, dump price, demanding more collateral. Repeat until you have all their bitcoin
@jack mallers has to hear this. I bought into this mindset and would've suffered if I kept on going. The interest rates are ridiculous.
He's not a Bitcoiner. He's just meant to be the smart salesman who can market TradFi to gullible Bitcoiners.
Night and day BlackRock/powers that be/government 24/7 scheeeeeeeeeeeeming figuring out ways on how to make bitcoin holders part with their bitcoin.They think we're stupid.
the interest rates are completely fair: would you rather A) keep $100k in fiat and earn 13% B) keep 1 BTC thats the free market rate -- no one who understands bitcoin wants to settle for 9% or 7%...or whatver you think is a "fair" rate. Don't borrow against more than 5% of your stack. The less bitcoin I sell, the less I pay in taxes. Yes the loan is only 12 months, but just take out a new loan to pay the old...I would rather a longer term, but you can just turn it into a rolling loan. I generally use 50% of the loan to pay for big ticket things (recently a propeller) and the remaining 50% to buy more bitcoin. If you don't understand how to use it, don't. If love the optionality @jack mallers has given us!
I can borrow against my Bitcoin to buy more Bitcoin if I want to. You can't stop me. Only losing all my money can stop me
James 's avatar
James 5 hours ago
DO YOU HAVE MONEY OR CRYPTO STUCK IN YOUR WALLET AND CANT WITHDRAW OR DOES IT REQUIRE FOR A HUGE FEE ANYTIME YOU TRY MAKING A WITHDRAWAL? WORRIED NO MORE TEXT HIM ON WHATSAPP +44 7782 273025
James 's avatar
James 5 hours ago
DO YOU HAVE MONEY OR CRYPTO STUCK IN YOUR WALLET AND CANT WITHDRAW OR DOES IT REQUIRE FOR A HUGE FEE ANYTIME YOU TRY MAKING A WITHDRAWAL? WORRIED NO MORE TEXT HIM ON WHATSAPP +44 7782 273025
It depends on your finances, and if you have other sources of capital, many things that can't just be a blanket number If cheap bitcoin is at all scary or even a surprise, check your time preference. If Strike somehow decides to steal my bitcoin, which I think is highly unlikely, I haven't lost much...for that tiny bit of risk I've saved a boatload of taxes that would otherwise have gone to the mafia bosses in government.
FREEDOM's avatar
FREEDOM 1 hour ago
You don’t beat a rigged game by adding leverage. You beat it by refusing to play. Spend sats. Starve banks.
Split's avatar
Split 1 hour ago
Get sats for spending sats even better.