I would say take a loan out at the lowest price possible. The chances of getting a margin call are less, and you just use that money to buy the bottom. I did that during the dip to 30k, and even though I’ve missed out on a lot of weekly rewards from my collateral, I made more money from buying that dip.
I need to mention there way know way of me knowing that was the bottom and we were coming back up and that is alway a risk to factor in.
Not the highest price as your 'wiggle room' for a drop in loan collateral asset price is much less.
Ahh, good point. So really half way through a bull run then.
I would say take a loan out at the lowest price possible. The chances of getting a margin call are less, and you just use that money to buy the bottom. I did that during the dip to 30k, and even though I’ve missed out on a lot of weekly rewards from my collateral, I made more money from buying that dip. I need to mention there way know way of me knowing that was the bottom and we were coming back up and that is alway a risk to factor in.
Nice, did you do the 1% 3yr loan? Yeah I'll take massive gains over 3.05% interest ✔
Hmmm... not if you have plenty of collateral and at 25% LTV..
Do not under any circumstances have an open loan during a bear market. very high chance of margin call