Celsius announced that Celsius is now one of the largest investors of Bitcoin mining in North America kicking off an exclusive iHeartRadio partnership, allowing us to reach more people than ever now part of Visa’s Fintech Fast Track program.

The community were like:  All three of these strategic moves will help the flywheel turn faster and deliver even bigger returns to our Celsius community. Proud to be Celcian.

Celsius tried to talk to its believers by asking: What do you think about borrowing against your Bitcoin, instead of having to sell it?

The community reaction about borrowing a loan on Bitcoin was like: When it goes down 85% and you get liquidated you’ll wish you had sold.

I think it’s fantastic. A lot of people seem to think it’s a bad idea. You just need to be smart about it. But I think it’s great. Thanks Celsius. Borrow against it and never sell.

But still horrible idea, because you’ll get liquidated on a flash crash day. I don’t want to borrow, I want to earn.

I think there have been times when I would have liked to have done so but I am scared of being liquidated so I won’t. The idea is good, but the devil is always in the details.

Depends on how collateral is handled. I have an ETH backed loan through Blockfi. I got a warning at 70% collateral that it’d partially liquidate at 80% to get me back to 50%. Added more collateral and was all good. I’m ok with that.

A good way to avoid paying capital gains tax.  Unless crypto capital gains are taxed 80%. Special treatment from governments.

At what percentage is liquidation trigger? Borrowing against something so volatile is a bit risky in my opinion. But if you have a thoughtful solution I’m interested to hear about it. Very impressed so far with your products.

When car and home lending in fiat or stablecoin using Bitcoin as collateral. That would be a game changer. Accelerated adoption. Have this in the pipeline Celsius Network after rewards credit card launch?

I’ll say for a quick buck you’re endangering your future’s biggest asset and if it is liquidated in wild swings Celsius will just move on to is next goal.

Well it’s bought me a new vehicle and so far haven’t had a margin call. Fingers crossed, but worst case I didn’t over-leverage myself and have other assets to re-collateralize or just pay it.