Very wary about getting into these loans but if you can 5:1 the amount then I guess I would be far less worried. I’d be more interested in loans where there is no downside capture but maybe some upside option for the lender to initiate at.

Couldn’t have picked a better workhorse 🤘 What year?

2018 Premium. Japan plant. We tend to keep vehicles 8+ years. I'm guessing we'll get that if I take care of it like I have our other cars. It sounds and drives like it's 7 but better than the 2014 Altima at 153k miles she has right now 😂

Not sure what you mean by 5:1. You mean no more than 20% of your stack? Either way, I went in knowing that I could lose twice the sats worst case. I wouldn't like that but it's not a big enough deal to hurt us financially so I figured I'd test it out for the community and myself. I absolutely see how someone could get into a really bad situation during a substantial draw down. Which is why I drew a hard line when I did it. Some will get rekt. Others will get free cars. Lol Worst case I lose twice what I would have sold anyway (minus 20% if you count cap gains).

Yes.

I actually have feedback for them on the UI/UX side. Very minor though. It was pretty easy overall.

Yup I meant if you can back it by 4x the loan value then seems like you can’t get liquidated if that’s the intention of using the products instead of selling some. The Toyota is such a good car that it there’s a significant dip you could probably sell it any buy back even more BTC lol

"car" , "not a substantial amount of sats" 🤔

I never said that a car worth of sats wasn't substantial for someone else. I figured people were smart enough to understand relative value.

i know and you're right. just might want to be careful with leaking details of your stack

I hear you, but I'm pretty open. You can only hide up to a point without being completely offline or lurker status. I put myself out there enough in this space that it's pretty hard for people to not know that I save 100% in Bitcoin. But you are right. This is the price I pay for being a public evangelist. Like I'm sure you assume that @jack mallers, @ODELL, and @Marty Bent have a large stack. I'm not comparing myself to them on a reach level, just in the sense that I'm fighting for Bitcoin publicly as my real identity. Definitely something people have to weigh. It's probably smarter NOT to do this though.

Trust me, the biggest lesson I've learned this year is that Toyotas command borerline retarded prices. And they literally sell faster than you can get to a dealership most of the time. I got kind of lucky on this one by showing up and forcing one of the sales people to fit me into his schedule. Anyone selling Toyotas right now is living like a pimp

Always curious to see real people try real things. More do, less talk. Anyway I'll be interested to see if you'd recommend it in the long run. I hope you'd be open to questions in the future!

i was leverage long on mstr and got liquidated

i got STRETCHED

so Züg choufi nid

In general I think it's the right move (says the guy with his full name as his personal web domain on his nostr profile)

Yeah everyone to weigh everything.

Damn.

Don't be us 😂