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).
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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
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
