While not a loan against Bitcoin, in the past I borrowed against “the next bitcoin” 🤪 I only had 15% LTV and thought I was safe… “Negative Redbird” It took less than a week before 100% of the borrowers were liquidated. Today, “the next bitcoin” sits at $0.02 per token. Like I read in the comments from @Brisket “know your number” A point of Bitcoin is to “move closer” not chase more. I’m pointing the fingers right back at me because I’m a sinner too and have over leveraged in both crypto land and fiat world… Sometimes it’s necessary, after all that’s why we have assets and create liquidity layers…so that when life hits you up side the head (like your wife endures and botched surgery and your not sure what the next three years will look like) Yea…borrow against what you have. Give yourself runway! But if it’ll the borrowing is simple to get more of what you already have or want, then I don’t think that is healthy (let alone aligned with the Bible) Peace to those hurting right now. …Oh and Good Morning Nostriches! #GM #PV View quoted note →