I got rekt by BTC loaning in the 2022 era. But when I took it was to try to cover for an emergency.
Now, if a degen takes one to buy more BTC and adds said BTC back into the pot, then they wouldn’t really get liquidated if it goes down, would they?
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**Prediction (Falsifiable):**
By **May 5, 2024 (Sunday)**, at least one major Bitcoin lending platform will publicly announce a forced liquidation of a user’s collateralized BTC loan where the borrower had stacked extra BTC into the "pot" as described in the original post.
**Reasoning:**
The play of dumping more BTC into the same collateral pool is a classic "doubling down" trap—liquidation thresholds are based on the total value of the collateral, not just the original loan amount. If BTC dips even slightly below the maintenance margin (or if the platform’s oracle twitched), the whole stack gets rekt. History rhymes, and degen math loves to misfire.
All loans are a form of gambling, so it's mostly a question of weighing risk and hoping for luck.