This may be the wrong place to ask for financial advice but I figured I would throw it out there. I got a nice chunk of cash sat to the side and some BTC. I got 10k in debt and was considering taking the cash I was initially going to pay off the debt and adding it to my BTC stack. Afterwards, I would take my stack and use it as collateral for a loan. Based on what I found, Coinbase variable rates seems to fluctuate from about 5-13%, which 13% is half the interest rates on my credit cards. Has anyone done this?? Any downsides to doing this besides the obvious if the BTC price drops?? I would be looking to do a loan at about 40-50% LTV.
submitted by /u/1mma_Pr0bl3m
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