Hey everyone, I’ve been DCA into BTC for over a year now and making steady progress to 1 full coin. I’m excited for the future of BTC but I’m a bit lost how I will truly use this asset in the future. I heard someone mentioned “taking a loan” against their bitcoin and using that as their income.
I understand I’ll be using the BTC as collateral but I still need to pay back to loan. So do I sell small portions of my BTC to payback the loan? Can someone explain to me like I’m 5 as to how this process would work?
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