that's amazing when it goes up, but i wonder how the people who took loans out at $120k will feel when $58k gang comes back?
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I knew that was a risk and was prepared to add collateral if necessary. The lending service I used wouldn’t auto liquidate, they give loanee’s the chance to add collateral if necessary.
Bitcoin tends to go up more than it goes down, historically, so the odds are like 3/4 that it’s the right call to borrow against your stack based on historic price action. Results never guaranteed though.