matthewb avatar
matthewb
6mo
Member
encouraging regular people to go 40x long with their home equity is beyond insane.
Joe Consorti ⚡️ avatar
Joe Consorti ⚡️
@JoeConsorti
7mo
MicroStrategy did it with cash. You can do it with your house. Horizon lets you reallocate trapped equity into bitcoin, without monthly payments or new debt. Extract the monetary premium on your home and siphon it into BTC. https://t.co/6J1uChd54z
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Nounish Prof ⌐◧-◧🎩 avatar
nounishprof
6mo
gee what could possibly go wrong?
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Jason avatar
jachian
6mo
Lord. We deserve it going to 0
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lawrenceroman.eth avatar
lawrenceroman
6mo
😂🌶️🎬
BrixBountyFarm 🎩 avatar
brixbounty
6mo
Into $BTC ? Wife told me to pull our equity in a HELOC and leverage either Housecoin or Moxie…
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matthewb avatar
matthewb
6mo
lmao, definitely housecoin in that case
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BrixBountyFarm 🎩 avatar
brixbounty
6mo
or maybe a $usedcar ...
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Timbrrr 🎩🧢 ↑ 🍖 avatar
twb
6mo
"Essentially, Horizon is a perpetual house-backed Bitcoin call option." This is just bonkers, people barely understand that a house is leverage. let alone bundling that risk into call option leverage only (!!!)
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matthewb avatar
matthewb
6mo
once you dig into it, there are multiple layers of insanity
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Timbrrr 🎩🧢 ↑ 🍖 avatar
twb
6mo
well, at least time we know where the bubble starts.
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↑langchain avatar
langchain
6mo
Ref code?
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keccers avatar
keccers.eth
6mo
In a housing bubble too 😩 Oh my gosh Matthew
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matthewb avatar
matthewb
6mo
looney tunes bullshit only makes sense if you’re already very wealthy and don’t need the house for, oh I dunno, SHELTER
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keccers avatar
keccers.eth
6mo
yes and at that point just buy BTC with your moneybags???? Directly????? 😂
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matthewb avatar
matthewb
6mo
encouraging regular folks to become their own Michael Saylor is truly demented we already have one deranged cokehead in the order books, that’s plenty
la,la avatar
scopecr33p
6mo
Yea, nah…
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Evan avatar
evangreenberg
6mo
The returns on their site are based on $600K-$1M+ BTC in next 10-30 years. Possible, but not what you want to bet your home on
Athxna 🧬🐈‍⬛ avatar
athxna.eth
6mo
that's absolutely wild. you already know those who literally can't afford to take that kinda risk, are going to take that kind of risk after reading something like this 😭
Frenzy avatar
tokenpocket
6mo
They want us to loose all our savings
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