StackSatsSkiFast's avatar
StackSatsSkiFast
npub12jyk...lvcm
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.
Everything we're going through at this point in time, is all the result of the economic headwaters being poisoned (fiat) for the last 100 years. The headwaters are the origin of a source of flowing water. What happens when poison is introduced to running water? Everything downstream gets painted too. This is the moral hazard we're living through, the enshitification of society that we all complain about. Bitcoin is the antidote. Get some before it's too late.
#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.