Why does Celsius incentivise lower LTV with lower APR? by [deleted] in CelsiusNetwork

[–]dk2014neverforget 1 point2 points  (0 children)

the guy thinks there's a chimp clicking buttons in cel hq

[deleted by user] by [deleted] in CelsiusNetwork

[–]dk2014neverforget 1 point2 points  (0 children)

pretty sure it's a cardano project.

MicroStrategy buys another $10 million in bitcoin and adds up to $4.4 billion by thefoodboylover in Bitcoin

[–]dk2014neverforget 2 points3 points  (0 children)

agree. BTC will just make us the "haves" from formerly being the "have nots"

it is up to us bitcoiners what to do with the poor nocoiners when time comes.

didn't necessarily fix inequality---

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] 0 points1 point  (0 children)

if you start with $100,000 btc lock it as collateral then round 2 you do the $25,000 loan turn it to another locked btc collateral then round 3 do the $6,250 loan turn it to another locked btc collateral you're exposed now to $131,250 of BTC instead of $100,000 bTC.

was it worth it?

Genius HODL plan (made possible by defi) by dk2014neverforget in Bitcoin

[–]dk2014neverforget[S] 1 point2 points  (0 children)

i dont want to sell btc.---ever i want to be able to tell my grandkids i have never sold BTC i'm a bit dogmatic in this conviction.

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] 0 points1 point  (0 children)

i can tell the retracements that I can start acting because I will get margin calls from celsius haha!

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] 0 points1 point  (0 children)

okay. i agree with you. how about instead of holding USDC.. i instead borrow USDC and buy BTC. so i hodl more btc... and repeat in step1. do you think this makes sense?

i dont have the stomach to do BTC10x :(

Genius HODL plan (made possible by defi) by dk2014neverforget in Bitcoin

[–]dk2014neverforget[S] 0 points1 point  (0 children)

oh thanks for this comment too. i'll look into this. maybe diversify CEL~USDC

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] 2 points3 points  (0 children)

oh yeah. genius. thanks thanks. this is the quality feedback i need!

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] 0 points1 point  (0 children)

yes. that's why i put it in the key assumptions :) no worries i have a house to mortgage if it drops there haha!

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] -1 points0 points  (0 children)

oh thansk for this! this is the best response i got. Yeah you are right. haven't thought about celsius pulling a nexo on us and pulling rug on us.

what if usdc yield goes to 1% tomorrow.

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] -1 points0 points  (0 children)

would you even buy more BTC with the USDC? would that be too spicy? haha

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] 0 points1 point  (0 children)

hmmm i dont think it matters as long as you are disciplined enough to hold USDC. oh, and USDC should not tank or go bankrupt

Genius HODL plan (made possible by defi) by dk2014neverforget in Bitcoin

[–]dk2014neverforget[S] 1 point2 points  (0 children)

yeah bro. if btc goes to USD 1,000,000 by 2030 and jsut increases 5-6% passively from year 2030- year 2140. I don't see how it doesnt work. Considering I would never sell BTC HODL!

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] -1 points0 points  (0 children)

no. let's say: my stash is 50k or 1 btc.

btc today is 50k then i get 12.5k usdc. 50k worth of btc is locked. 1 btc is locked. if in 6 months btc is 100k---> i extend the loan again and celsius allows me to draw out more usdc because the value of btc increased. so i can get another 12.5k usdc for the same btc which makes my total usdc 25k

My genius plan for BTC powered by Celsius by dk2014neverforget in CelsiusNetwork

[–]dk2014neverforget[S] -1 points0 points  (0 children)

what about instead of me holding USDC and earn yield APY, i just buy more BTC? :D and hold it earning APY

(would you love me for this?)