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
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