Leathermint leathermint@nostriches.net 1 month ago "I'm not leverage trading I'm taking a Bitcoin loan this is literally the future of finance." *Gets margin called*
Platinum Bear 1 month ago Explain to me why anyone would take a loan on one of the most volatile assets? Looks like the digital payday loans. View quoted note β
Leathermint leathermint@nostriches.net 1 month ago If Bitcoin was really the collateral in a Bitcoin loan you wouldn't get a margin call because the $ value of the coin dropped. It's a fiat loan by proxy. View quoted note β
Michael S Wildcard β¨ πΆβπ«οΈπ½β‘ MichaelS@bitcoinveterans.org 1 month ago Guess we are not quite there yet. π€·πΌββοΈ Luckily I can still do privatized banking with fiat. @Dynasty Wealth Partners