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@ Logen
2025-05-08 01:15:05
Imagine you give strike $40,000 of bitcoin for a $20,000 cash loan in business A, you take the $20,000 and your greedy self buys bitcoin with it, deposit it again to strike, and get a $10,000 cash loan in business B.
Remember; this is a 12 month term loan. At 12% interest. Immediately you are signing up to pay the back $33,600 within 1 measly year. ($2665 per month) in order to get back the $60,000 in bitcoin.
The only thing that would need to happen for you to lose everything and still owe the debt back is bitcoin to drop in price 50% (which is rare to be fair) You would to lose your entire bitcoin position AND still owe $2665 per month, every month for an entire year.
You’re essentially betting that Bitcoin won’t fall 50% or more over the next year. If it does, you lose everything.
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