Yeah it’s much better to open them in bear markets. But you need to post more bitcoin. Plus states have minimum loan amount. So let’s say you only need $5k well the state law can make you take out a $12k loan. 

I think the BLOC can solve a lot of problems with people not wanting to sell bitcoin and don’t need a high dollar amount with term but yet need liquidity to live life and not sell to trigger a tax liability

BlokchainB

thanks for sharing those details. I have wondered about loans on bitcoin but never used them. when the price comes down like this, they do start to look attractive.