Big Barry Bitcoin on Nostr: Fortunately bull runs are short lived so you are inconvenienced only a little of the ...
Fortunately bull runs are short lived so you are inconvenienced only a little of the time and you can probably just end the loan early to avoid issues.
Fyi, maybe its changed, but another thing that killed me was that the terms did not allow you to pay down the loan partially... it was close the loan or keep it open or add more collateral. No paying down some of the debt to improve the LTV.
Published at
2024-11-17 00:41:28Event JSON
{
"id": "60539e249d8ddaca855c78d4a24d6146754ca28e9c2b2eb1ee17f429fab5ab48",
"pubkey": "0d97beae567fcec9c6574f1c6ef6126ea969d4992c3198e51c0fac52c5274a14",
"created_at": 1731804088,
"kind": 1,
"tags": [
[
"e",
"74a74eb866d3e5bd7702dd425f6a0d10e63826a6baea2a9861f5f2b803fa0583",
"",
"root"
],
[
"e",
"7dc1cfdbca44f156fe3c1443e412a4c0598fe3810d1e8a7cc4b5c13edad9888a"
],
[
"e",
"6dfa38ce87e0e03cf8317f38f3270fad81db8aec97309b27d633a56477ce11c0",
"",
"reply"
],
[
"p",
"0d97beae567fcec9c6574f1c6ef6126ea969d4992c3198e51c0fac52c5274a14"
],
[
"p",
"71243040da7120943e9cae769d0868286db5792a388656e165426436e3086c3c"
]
],
"content": "Fortunately bull runs are short lived so you are inconvenienced only a little of the time and you can probably just end the loan early to avoid issues.\n\nFyi, maybe its changed, but another thing that killed me was that the terms did not allow you to pay down the loan partially... it was close the loan or keep it open or add more collateral. No paying down some of the debt to improve the LTV.",
"sig": "8cebded3f5abb1bda3a26c8d3eee75d82a47869cdf61985b2a583350a835a8cdbeed4f31205691da21740aecab79e185371771712b21c4a479de345e6d27afcf"
}
