reply on: My Strike Bitcoin Backed Loan Ends in July. A Review and What’s Next! \ ~hyperlinks

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74 sats \ 4 replies \ @BlokchainB OP 28 Jun \ parent \ on: My Strike Bitcoin Backed Loan Ends in July. A Review and What’s Next! econ

Why I made the post!

74 sats \ 3 replies \ @optimism 28 Jun

Right! So what made you think at 118K that the probability of NgD was small? Because that is about as far away from what was realized as possible.

So what I'm saying is that there was a (massive) gap between expectation and reality. What caused that? Was it the euphoria on social media or podcasts? Was it something someone in particular said in their TA? What caused the discrepancy?

74 sats \ 2 replies \ @BlokchainB OP 28 Jun

I never thought it was small.

I had realistic expectations that it can and will go down. That is why I prepaid the loan.

I did this Strike loan to try out a common the fiat strategy of borrowing against your assets.

I did this because I wanted to to have more corn and pay off debts that I have.

If it was a pure NgU play I never would have paid down the loan!

88 sats \ 1 reply \ @optimism 28 Jun

I think I get it now. You thought that the probability of getting liquidated was low because you'd just pay in, but you simply had no care for the outcome, despite dreams of the price going up.

74 sats \ 0 replies \ @BlokchainB OP 28 Jun

Key word: Dreams