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StackSatsSkiFast profile picture
StackSatsSkiFast
@StackSatsSkiFast

Bitcoin only plebian and truth-seeker looking for other orange lensed individuals to connect with.

Constantly chasing the orange rabbit down the rabbit hole, still haven't found the bottom.

Nomad living the van -life. Typically found somewhere in the Colorado Rockies skiing or building cool things in the physical world.

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Recent Notes

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#Bitcoin #LEDN #Btcloan

Good morning fellow Nostriches!

I have a question for any of you who have done a Bitcoin backed loan.

First and foremost, the idea of parting with ANY Bitcoin right now fills me with a ton of anxiety (as it probably should).

Is anybody willing to offer their insights on BTC lending ESPECIALLY if you have experience?

Am I thinking about this properly in that taking an over-collateralized loan out (12 months) could buy me enough time to allow my costs to drop (in BTC terms) enough to reach my comfort zone, or am I being unrealistic?

Details about my situation:
I'm 99% allocated to Bitcoin.

I was planning on taking some off the table later this cycle to upgrade my living situation.

I just found out I'm going to be a father and I need to do the upgrade sooner than initially expected.

The upgrade at current prices would cost about 18% of my stack for a budget version.

I had become comfortable with the idea of spending less than 10% to make the upgrade happen.
2
StackSatsSkiFast · 46w
In addition, I'd like to add that the idea of sending 40% of my stack somewhere REALLY gives me anxiety. My biggest ask is what company do you trust the most. Bonus points if you've used them yourself.
StackSatsSkiFast · 46w
Last addendum: I cannot get a conventional loan for the upgrades I'm doing as I'm investing in my "wheel-estate" and banks won't consider my upgrades as collateral.
note13kvj2...
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StackSatsSkiFast @StackSatsSkiFast
As somebody who read his stuff ten years ago and had a lot of respect for how he basically jump started the community for FIRE, I feel bad for him and his family. BDS seems to be a common occurrence among people like him. Let go of your ego and learn about money. Don't be like Mr. Money Mustache...
note1vrczg...
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StackSatsSkiFast @StackSatsSkiFast
Good morning!

Rather than telling them about it, set the example. Be generous with your time and live a life that inspires others. As you grow and evolve, people will notice and they will at some point ask "What's Battery doing that's different?".

I rarely try to tell people about Bitcoin these days. I'm living my best life and because my intrinsic happiness and hopefulness for the future shines through, it attracts others who are have the same outlook. Eventually people ask me how are you so happy/hopeful, that's when I offer them a glimpse inside the rabbit hole.

Over the past 5 years, the people I surround myself have changed substantially. Sometimes you have to let go of the people who don't want to see you succeed. Never stop being true to yourself.

I hope this is helpful.

Sincerely,
~Another Bitcoiner