I don't disagree, but one doesn't need to get liquidated unless they a)don't pay back the cash, or b) doesn't add more bitcoin
And remember, they would only liquidated on an amount. If the price drops and an event is triggered, it's not like all the collateral is now gone, only those amounts needed for the LTv to come back in line.
It's a product for whales, large holders, and those who have plenty to re add margin. No reason to sell and pay the taxes for them for a new business, commercial property or home, a kids college costs with easy terms, and so forth.
It isn't for 99% of bitcoiners likely.
People also need to realize that while drops happen, the last short term huge price drop was March 2020, covid. It's not like they happen every few weeks.
People have been acting like there are 40-50% drops all the time.
Liberty Farmer
npub1uw…yfqu7
2025-05-30 17:35:21
in reply to nevent1q…79ea
Author Public Key
npub1uwh0m2y8y5489nhr27xn8vkumy8flefm30kkx3l0tcn0wss34kaszyfqu7Published at
2025-05-30 17:35:21Event JSON
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"content": "I don't disagree, but one doesn't need to get liquidated unless they a)don't pay back the cash, or b) doesn't add more bitcoin\n\nAnd remember, they would only liquidated on an amount. If the price drops and an event is triggered, it's not like all the collateral is now gone, only those amounts needed for the LTv to come back in line.\n\nIt's a product for whales, large holders, and those who have plenty to re add margin. No reason to sell and pay the taxes for them for a new business, commercial property or home, a kids college costs with easy terms, and so forth. \n\nIt isn't for 99% of bitcoiners likely.\n\nPeople also need to realize that while drops happen, the last short term huge price drop was March 2020, covid. It's not like they happen every few weeks. \n\nPeople have been acting like there are 40-50% drops all the time. ",
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