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#Bitcoin #LEDN #Btcloan

Good morning fellow Nostriches!

I have a question for any of you who have done a Bitcoin backed loan.

First and foremost, the idea of parting with ANY Bitcoin right now fills me with a ton of anxiety (as it probably should).

Is anybody willing to offer their insights on BTC lending ESPECIALLY if you have experience?

Am I thinking about this properly in that taking an over-collateralized loan out (12 months) could buy me enough time to allow my costs to drop (in BTC terms) enough to reach my comfort zone, or am I being unrealistic?

Details about my situation:

I'm 99% allocated to Bitcoin.

I was planning on taking some off the table later this cycle to upgrade my living situation.

I just found out I'm going to be a father and I need to do the upgrade sooner than initially expected.

The upgrade at current prices would cost about 18% of my stack for a budget version.

I had become comfortable with the idea of spending less than 10% to make the upgrade happen.

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Discussion

StackSatsSkiFast 8mo ago

In addition, I'd like to add that the idea of sending 40% of my stack somewhere REALLY gives me anxiety. My biggest ask is what company do you trust the most. Bonus points if you've used them yourself.

StackSatsSkiFast 8mo ago

Last addendum:

I cannot get a conventional loan for the upgrades I'm doing as I'm investing in my "wheel-estate" and banks won't consider my upgrades as collateral.