StackSatsSkiFast on Nostr: #Bitcoin #LEDN #Btcloan Good morning fellow Nostriches! I have a question for any of ...

#Bitcoin #LEDN #Btcloan

Good morning fellow Nostriches!

I have a question for any of you who have done a Bitcoin backed loan.

First and foremost, the idea of parting with ANY Bitcoin right now fills me with a ton of anxiety (as it probably should).

Is anybody willing to offer their insights on BTC lending ESPECIALLY if you have experience?

Am I thinking about this properly in that taking an over-collateralized loan out (12 months) could buy me enough time to allow my costs to drop (in BTC terms) enough to reach my comfort zone, or am I being unrealistic?

Details about my situation:
I'm 99% allocated to Bitcoin.

I was planning on taking some off the table later this cycle to upgrade my living situation.

I just found out I'm going to be a father and I need to do the upgrade sooner than initially expected.

The upgrade at current prices would cost about 18% of my stack for a budget version.

I had become comfortable with the idea of spending less than 10% to make the upgrade happen.