0 sats \ 2 replies \ @fedelang OP 24 May 2023 \ parent \ on: Have you used hodl hodl for borrowing against your stack for mining? bitcoin
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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10 sats \ 1 reply \ @2bithits 24 May 2023
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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0 sats \ 0 replies \ @fedelang OP 24 May 2023
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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