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!
I’m a really early ETH investor, so I have a bunch. I’ve been borrowing against it at different platforms like nexo so I can buy more assets. Been doing this for years, so my advice is go for it, but follow the market really closely and always have assets to repay with.