This June you made your first purchase of Bitcoin at €92,000. You now own 0.3 Bitcoin having invested a total of €27,600. Yayy!

Let’s say you currently need €10,000 in liquidity — maybe for a downpayment on a new car you’ve been eyeing. Now you’re faced with a decision:

• Do you go against everything Bitcoiners stand for and sell your BTC, locking in a potential loss?

• Or do you take the smart route and borrow against your Bitcoin on Firefish, a secure, non-custodial bitcoin-lending platform?

Here’s what happens when you choose the latter:

• Your Bitcoin stays in your control

• You get the €10,000 in fiat that you need

• You buy the car

• And yes—you still own your Bitcoin

So what happens after you hit that "Borrow" button on Firefish? Let’s walk through three totally realistic scenarios:

Scenario 1: Bitcoin’s price takes off

This is the dream.

Bitcoin does what it does best and moons. Your 0.3 Bitcoin increases significantly in value while your loan remains fixed.

• You watch your loan balance shrink in comparison to your BTC's rising value

• Your upside is intact

• You can pay off the loan early and still ride the wave up

Result: You win. You keep your Bitcoin and capture all of its upside — while using the liquidity to improve your life.

Scenario 2: The market stays steady and moves sideways

Bitcoin trades sideways. No spikes, no crashes. It just...holds.

Nothing changes.

• You’ve got your car

• Your BTC stays untouched

• There’s no tax event

• Your collateral remains safe and stable

Result: Life’s chill. You got what you needed without sacrificing your position.

Scenario 3: That unwanted dip

Uh-oh. Bitcoin drops.

But guess what? You’re still good.

• Firefish uses a 50% Loan-to-Value ratio, meaning your BTC collateral is worth 2x the loan

• You get a live Collateral Health Indicator (CHI) that tracks your loan status

• You can top up your BTC or repay the loan early if needed

Result: You’re still in control. No panic, no forced selling. Firefish keeps it flexible and secure.

Why Firefish?

Firefish is:

• Fast: Loans issued in 15 minutes and 23 seconds

• Secure (by design): Non-custodial, no rehypothecation, Bitcoin stays in escrow

• Smart: P2P marketplace with market-driven rates — better than banks

And yes — your Bitcoin remains yours, always. There's a reason we say “Never Sell Your Bitcoin. Live Off It”

Try it yourself → firefish.io

FAQs

Can I borrow money without selling my Bitcoin?

Yes. Firefish lets you use your Bitcoin as collateral to borrow fiat, without selling and without triggering a tax event.

What happens if Bitcoin drops after I take out a loan?

Firefish loans are overcollateralized with a 50% LTV. You’ll get margin alerts and have time to top up or repay before liquidation.

What is Firefish?

Firefish is a peer-to-peer, non-custodial lending platform that lets users borrow fiat or stablecoins against their Bitcoin using on-chain escrow contracts.

How do I get started?

Just sign up (LINK), verify your identity, choose your loan terms, and lock your BTC. It's that simple.