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Bitcoin Prediction: Degenerate or Smart Play?
A Simply Bitcoin article asks whether a Bitcoin prediction is a degenerate or smart play, and it promotes a Ledn loan discount for Simply Bitcoin clients on their first loan.
Published:
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What happened
A Simply Bitcoin article asks whether a Bitcoin prediction is a degenerate or smart play, and it promotes a Ledn loan discount for Simply Bitcoin clients on their first loan.
Confirmed
Global impact / market context
A discount on a first loan lowers the cost of borrowed money for eligible Simply Bitcoin clients, which can make it cheaper to hold Bitcoin instead of selling it during price downturns.
Analyst inference
Bitcoin loans let holders borrow cash by pledging Bitcoin as collateral, so a discount cuts the cost of that borrowed money and can affect how much Bitcoin stays off exchanges.
Analyst inference
What to watch
- The article states Simply Bitcoin clients get a discount off their first loan, so eligibility rules for that offer matter for anyone considering this borrowing option. Confirmed
- A viewer could compare this discounted Bitcoin-collateralized loan with other borrowing options, since lower interest costs improve potential profit per sale on any investment. Proposed
- If more Bitcoin holders use such loans rather than sell, fewer coins may reach exchanges, which could tighten available supply and affect Bitcoin's price. Analyst inference
Affected assets
- BTC — Bitcoin