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