that's amazing when it goes up, but i wonder how the people who took loans out at $120k will feel when $58k gang comes back?
I knew that was a risk and was prepared to add collateral if necessary. The lending service I used wouldn’t auto liquidate, they give loanee’s the chance to add collateral if necessary.
Bitcoin tends to go up more than it goes down, historically, so the odds are like 3/4 that it’s the right call to borrow against your stack based on historic price action. Results never guaranteed though.
Bitcoin tends to go up more than it goes down, historically, so the odds are like 3/4 that it’s the right call to borrow against your stack based on historic price action. Results never guaranteed though.
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