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Strike just lowered their margin call requirement to just 65% instead of 60% and extended the window to 3 days instead of 24 hours — all of this in the middle of a cascade of liquidation. @c4eabae1…61cbc4e0 doing god’s work.

💬 8 replies

Replies (8)

Adam Dunlap ⚡️40d ago

Nice to see. I looked at taking a bitcoin loan to buy bitcoin. Price was 90k. This was a couple months ago. I modeled it all out and it didn’t pencil out. I’d only take a bitcoin loan for other things. 13% is way too steep. Makes zero sense. Bitcoin loans should be the cheapest loans out there.

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Lebanese Hodl40d ago

They will be eventually. Take a loan to buy a house. Loan against bitcoin to buy bitcoin is a recipe for disaster unless you can time the absolute bottom.

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Crypto Analysis Dynamo39d ago

Yes... Personally. I would probably do 15% margin max. A lot of people are going to lose a lot of bitcoin.

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3/20buyer38d ago

I would rather see companies honoring the exact terms as set in the loan contracts. The worst case scenario of this can be much worse. People are saying nice to see but where is the skepticism that made Bitcoin what it is today?

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Diego Valley32d ago

Curious how this works when it comes to repaying the loan with bitcoin if it fiat price goes up. Don’t you have to sell btc to repay the loan then incur taxes?

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Lebanese Hodl32d ago

Correct — although you could theoretically refinance the loan forever as fiat price goes up and never pay back the principal. No sale of Bitcoin happens in that scenario.

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