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01-04-2018, 06:07 PM #1Member
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What about using bitcoin as collateral ? Thoughts ?
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01-04-2018, 08:07 PM #2Member
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If you mean leveraging your crypto values like a 401k to get a Line of Credit, etc.....then look into Salt Lending.
Originally Posted by MCASPECIALIST
They do EXACTLY that. They will lend out money based on your value of your BTC/Cryptos..AND, like a car, you keep it and pay back towards the balance.
The big issue I see with this...is that people will leverage that cash to buy more crypto lol. Just like stacking a MCA. lol.
So, what happens if it all goes "ka-pooey". Their business is a mess then.
Therefore, I like the concept and hate it all at the same time.
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