10 sats \ 3 replies \ @2bithits 24 May 2023 \ parent \ on: Have you used hodl hodl for borrowing against your stack for mining? bitcoin
You can always add collateral
And the good thing is that you can see your liquidation level. So you could add enough BTC to put that under $10k/BTC
weekly falls May 2021: -53%, March 2020: -50%, December 2017-December 2018: -84%, December 2013: -50%, April 2013: -83%, August 2012: -56%, June 2011: -99%,....
So I have not used the tool yet but can I overcollaterlize? Like now there are some offer son 12 moth 10% APR with 50% collateral. Can I send 80% collateral? is that possible ?Just asking since published LTV is 50% no those,.. maybe it is the minimum amount? Thanks!
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Yes, you could put as much BTC as you like into the collateral address. Get it down to 30%, then if we see another catastrophic 50% drop you're still good.
Just think if 1 year is enough time to pay back the loan.
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great I didn't know I could overcollateralize thanks for the tip.
Yup 12 months at this stage of the cycle and price gets me from point A to point B. Probably will end up paying up at month 6. Don't like to speculate much with unreal price projections, but i believe we are passed bear bottom.
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