#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.
StackSatsSkiFast
npub12jyk...lvcm
Bitcoin only plebian and truth-seeker looking for other orange lensed individuals to connect with.
Constantly chasing the orange rabbit down the rabbit hole, still haven't found the bottom.
Nomad living the van -life. Typically found somewhere in the Colorado Rockies skiing or building cool things in the physical world.
Market's down below 100k...
Did you guys stop doing the pushups?
GM NOSTRiches
moment of Zen reminder to touch grass
Anybody have experience with AI in CAD software? looking to design something and wondering if there are resources out there that will allow it.
Holy moly, the landscape has changed since I was on NOSTR last. Higher quantity and quality of activity and the clients are much smoother too. This really is the future.