"I'm not leverage trading I'm taking a Bitcoin loan this is literally the future of finance."
*Gets margin called*
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Yikes
Explain to me why anyone would take a loan on one of the most volatile assets? Looks like the digital payday loans.
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🥲
If Bitcoin was really the collateral in a Bitcoin loan you wouldn't get a margin call because the $ value of the coin dropped.
It's a fiat loan by proxy.
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Loan at the top is not the way to go
Guess we are not quite there yet. 🤷🏼♂️ Luckily I can still do privatized banking with fiat. @Dynasty Wealth Partners