Should I borrow against my ETH now?
Should I borrow against my ETH now?
Hey everyone, I’ve got a good amount of ETH and I’m thinking about borrowing against it cuz Ive got all my savings into crypto and bunch of stocks and obv dont want to sell especially after seeing the recent news about BlackRock scooping up crypto.
I’d like to unlock some liquidity without giving up my ETH exposure. Maybe use it to buy more crypto or move into some undervalued stocks.
Is now a good time to do this, or too risky? Anyone here borrowed against ETH before, what are the pros and cons? Thanks in advance!
Use AAVE to lend ETH for their stable coin Ghost, buy more ETH with Ghost and then loan that ETH one more time, hold your third bag. ETH rocket-5k Pay back your Ghost loan as ETH go rocket hit moon, payoff second loan, after second loan is paid sell second bag and payback first loan and realize profit, collect collateral and sell ETH bag at ATH- Lambo.