So what are most people doing with services like this? Putting up collateral to buy alts they think are going to pump in the next year or so?
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So what are most people doing with services like this? Putting up collateral to buy alts they think are going to pump in the next year or so?
But really, it could be that you need a car, or have an unexpected expense pop up and you don't want to sell your crypto. You can borrow against it and incur no tax for the transaction.
This is a good strategy if you feel the risk is worth taking on. You keep your collateral and get 50% more exposure...
Yes most people are probably leveraging this to go DEGEN LONG without liquidations.
That doesn't mean it's how it should be used.
Or maybe it does... we are at a good place in the 4-year cycle to rotate to alts.