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Why no incoming screenshots by Strike users rekt from getting into Bitcoin-backed loans? πŸ˜‚ Spend fiat without having to sell your #Bitcoin they said, intentionally leaving out the part where you'd have to pay more bitcoins to secure/repay your loan if the price collapsed. #asknostr
2025-11-17 20:08:41 from 1 relay(s) 4 replies ↓
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And right now at this price, it's perfect to take out a loan. I don't have any open loans, but I've done loans before. And they are alright, as long as you can afford to pay it back bro. You're all right. The problem is when someone takes a loan for 10 grand and and they can't pay that 10 grand in 3 months because their income doesn't let them. That's a problem.
2025-11-17 20:22:33 from 1 relay(s) ↑ Parent Reply
But then again, they are the ones given the loans. So what if they're in cahoots with the market makers or you know, they want to liquidate these people? I get you guys' argument now. They are probably bringing down the price for all these loans.
2025-11-17 21:19:59 from 1 relay(s) ↑ Parent Reply