Times like this I'm so glad I don't have anything locked up in a collateral loan. Hope you guys stayed away from the too
#bitcoin
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*from them
The funny thing is, the lower Bitcoin's fiat price goes, the more enticing those loans become ๐
Like leverage, did it once not again.
Same here. Never again. So freaking stressful
From experience. Please don't lol
Nah, I've got no interest in it. The only leverage I have is my mortgage, and that's enough "risk" for me.
๐ซ
Yeah it's the stress, risk of liquidation isn't that high but the amplified volatility is too much and price always does what you don't expect lol.
Last time I thought it was so clever by getting a loan at a price that I was so sure it was never going to go down that level (200 dma) lol little did I know when the floor just gave up and it just felt and felt and felt ๐ญ
It would've been exponentially better if I had just sold what I needed instead of that loan