Jay [MOVED HERE] on Nostr: Yeah I'm just hoping it's not too much work for too little return, but it'll be fun ...
Yeah I'm just hoping it's not too much work for too little return, but it'll be fun to try.
The loan is collateralized with twice the value in BTC to begin with and if that LTV, loan to value, rises roo much, I get margin called at 70% and liquidated at 80%. I'd reach the margin call of my current loan if Bitcoin goes back to 58k and I haven't paid any of it back and I'd get liquidated at 50k.
So it's not a great idea to run this strategy past the bull market peak.
The loan is collateralized with twice the value in BTC to begin with and if that LTV, loan to value, rises roo much, I get margin called at 70% and liquidated at 80%. I'd reach the margin call of my current loan if Bitcoin goes back to 58k and I haven't paid any of it back and I'd get liquidated at 50k.
So it's not a great idea to run this strategy past the bull market peak.