Replying to Avatar Daniel Prince

If you took out a loan against your bitcoin and are currently being margin called, will you warn others about doing the same?

Will you take a close note of the people/companies who created these products, who backed them and who shilled them?

Please think long and hard about these products and do not risk getting rekt.
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The Bulgarian Pork Whistle 1mo ago 💬 1

I use Bitcoin backed loans all the time.

No liquidations, a nice healthy 25% LVR, never selling the underlying Bitcoin, living the good life 🏝️

If you are a man baby and you don’t understand risk and you do yourself a mischief by blowing out your LVR and getting rekt - that’s on you.

Most Bitcoiners: NEVER SELL YOUR BOTCOIN!

Most Bitcoiners: NEVER USE BITCOIN TO TAKE A LOAN!

🤔

Well what are you going to do with it anon? Treat it like a pet rock? 🪨 😂

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jupidaze 1mo ago

Where do you borrow from?