I know I talk about Bitcoin & Krypto from time to time. I'm learning this space and sharing what I've learned. Collateralized loan is a form of leverage, which I don't recommend. I'm not a trader, let get that out of the way. However, when Bitcoin hitted $17,800K (the contagion) I sold most of the Bitcoin and paid off the loans. My loan-to value (LTV) was around 30% at time. An" expensive" lesson I've learned and I want to share with you. Yes, I currently hold less than 1 Bitcoin.
I did not lose any money to the shitcoin debacles, and I've also learned that 95% krypto are building a digital 1984 society. When we gamble with shitcoins we also help shaping that digital prison. There are good Crypto projects out there, but they will not be adopted on a global scale, Bitcoin has the most potential. If we understand our current monetary system and the properties of money, if not Bitcoin then what? I love Monero, but if I were central bank, government, zombie company, or the devil...I use Monero. The same reason why people have off-shore accounts. Yes, I understand people that are advocating for privacy because of totalitarian, but global sound money has to be transparent and decentralized. If not, it will be same shit different toilet.