Why My Bitcoin Loan Didn’t Pan Out, And What I Did To Fix It

In other words, try to keep the USD value of the loan book at 20% of the USD value of the bitcoin that I had actually assigned to this method. I had pretty well drank the Kool-Aid that BTC would reach $200,000-plus, and I didnt want to get shaken out.All loans were bitcoin collateralized loans, of the sort used by Hodlhodl or Unchained Capital. A main function of these loans is that they get liquidated if the bitcoin backing the loans falls in value– essentially a margin loan. With a test BTC stack worth $100,000, then the initial loan would be for $20,000, which would be used to purchase more BTC.Once the loan is developed, then my test monitors whether the BTC price falls. When taking out a new loan, I hold back all required interest expenditures for the list below and current quarter, for all loans.

I had quite well consumed the Kool-Aid that BTC would reach $200,000-plus, and I didnt desire to get shaken out.All loans were bitcoin collateralized loans, of the sort used by Hodlhodl or Unchained Capital. A primary feature of these loans is that they get liquidated if the bitcoin backing the loans falls in value– basically a margin loan. With a test BTC stack worth $100,000, then the preliminary loan would be for $20,000, which would be utilized to acquire more BTC.Once the loan is developed, then my test monitors whether the BTC cost falls.