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0 sats \ 1 reply \ @OT 13h \ on: What to do? AskSN
It's a tough one...
I still think the bull run hasn't really got started yet. But to risk too much of your stack is not wise. Sometimes it's just better to take the L. Or try and find a way to borrow from the fiat world to pay back this loan. That will give you more time.
Yes, the funny part is—I’ve been in this situation before, though on a much smaller scale. Back when BTC was around 20k after the FTX crash, I had a choice: take on more exposure or close out the loan. I chose to close it, sold half of the locked BTC to clear the debt, and then Bitcoin went straight to 60k over the next 3–4 months =)
Now I feel like if I close or pay down the loan, BTC will shoot up in the short term. But if I increase the debt, I’ll end up suffering in the short term because of the volatility.
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