The loans melt my brain. Who the fuck is collateralizing a loan for 50% LTV. Then paying 13% apr on top of it.... bro federal cap gains is 15%. Is the risk of getting liquidated worth a 2% spread on s...
It's the trap of the Saylors and the Mallers and the BlockFi in btc land. Remember, never sell your bitcoin? Lol
They are using the allure of not having to sell so that they can capture more btc for a deep discounted price. Either through liquidation or via bankruptcy. They use the unlimited fiat goytokens to get hard money
They are using the allure of not having to sell so that they can capture more btc for a deep discounted price. Either through liquidation or via bankruptcy. They use the unlimited fiat goytokens to get hard money
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