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Can someone explain the whole “never sell your bitcoin” thing
I’m not sure I even understand how this would work. Borrow against it year after year in the hope the BTC prices increases more than the interest rate to pay back? What happens if it doesn’t - has a bad year or two. What happens then? People are hardly thinking that they’ll be able to live fully off their bitcoin in the future? Or am I mistaken? I just would like to know the wider picture of how this plays out under different scenarios. submitted by /u/nextstopwhoknows [link] [comments]
I’m not sure I even understand how this would work. Borrow against it year after year in the hope the BTC prices increases more than the interest rate to pay back? What happens if it doesn’t - has a bad year or two. What happens then?
People are hardly thinking that they’ll be able to live fully off their bitcoin in the future? Or am I mistaken? I just would like to know the wider picture of how this plays out under different scenarios.
[link] [comments]
