Jay [MOVED HERE] on Nostr: I just tried to think like, I take a loan of 10k with 20k BTC down for a year. At the ...
I just tried to think like, I take a loan of 10k with 20k BTC down for a year.
At the end of the year, I owe say 11.5k and my Bitcoin is worth 25k. Do I take out a second loan with 23k BTC to repay the old one and reclaim more Bitcoin? I'd have to have a hell of a lot of Bitcoin to buy a year's worth of fiat and roll it over with less Bitcoin in collateral ever year. 4 years worth of Bitcoin to keep the scheme going.
Published at
2025-01-17 01:01:09Event JSON
{
"id": "028c24567164f897547d18da35db1f9002a51328bd06f7da697527ee70628110",
"pubkey": "7ed7d5c3abf06fa1c00f71f879856769f46ac92354c129b3ed5562506927e200",
"created_at": 1737075669,
"kind": 1,
"tags": [
[
"e",
"e089c6845a239985ae6e416c08542bf2287277920b63f8f123a8d7887ead14c2",
"",
"root"
],
[
"e",
"d9ad90315154345db05da68b5629259b35566d6b881486dd7342cf8b12f95506"
],
[
"e",
"e0fbf73bfd94d8585ae4dc1562f0caecf455981a7d3e2caf5e45733979928486",
"",
"reply"
],
[
"p",
"7ed7d5c3abf06fa1c00f71f879856769f46ac92354c129b3ed5562506927e200"
],
[
"p",
"a10260a2aa2f092d85e2c0b82e95eac5f8c60ea19c68e4898719b58ccaa23e3e"
],
[
"r",
"11.5k"
]
],
"content": "I just tried to think like, I take a loan of 10k with 20k BTC down for a year.\n\nAt the end of the year, I owe say 11.5k and my Bitcoin is worth 25k. Do I take out a second loan with 23k BTC to repay the old one and reclaim more Bitcoin? I'd have to have a hell of a lot of Bitcoin to buy a year's worth of fiat and roll it over with less Bitcoin in collateral ever year. 4 years worth of Bitcoin to keep the scheme going.",
"sig": "03ca35d9b8845316d288f9a28ec327c9a89eb854132af530e1f8c31da6bc58d3d4ffdfa8b02b5932af1552caa9779001225c8d02c1b41fc7406281bd36b3f558"
}
