I just tried to think like, I take a loan of 10k with 20k BTC down for a year.
At the end of the year, I owe say 11.5k and my Bitcoin is worth 25k. Do I take out a second loan with 23k BTC to repay the old one and reclaim more Bitcoin? I'd have to have a hell of a lot of Bitcoin to buy a year's worth of fiat and roll it over with less Bitcoin in collateral ever year. 4 years worth of Bitcoin to keep the scheme going.
Yeah that’s interesting. This scenario assumes that all goes well right?
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Yeah, like your Bitcoin can only go up and can't lose too much value too fast. I'd seriously have to be playing with 1/10 of my stack in collateral at any time to feel safe.
Bitcoin always causes max pain.
No lies detected.
