₦airaland Forum

Hedgefunds:
How can I be liquidated when I only requested for a loan and my LIQUIDATION PRICE is at 48k

XaToXi:
Simply click on repay to return their $2000 and get your btc back.

Chikacha:
What happened to her health?

Hedgefunds:
How can I be liquidated when I only requested for a loan and my LIQUIDATION PRICE is at 48k

Chikacha:
Oh I see what you mean, check if you received any 619 or 2000 USDT in any of your accounts? They held your BTC for USDT , your BTC is now a collateral this is why you don't see it. If you change your mind about the loan, click repay and give it back then your BTC will appear. if you choose to continue with this loan, at 48k they will liquidate you.

Chully01:
So dem dey collect LAPO for crypto

Icecream4U:
You mean he will be liquidated if btc touch $48k? Which means all the btc he used as collateral is gone or just the amount he borrowed plus interest?

Chikacha:
Both. When It happened to me, the money they gave me as loan got liquidated on my margin, they took the collateral... so I had zero. Cause even before I started trading the collateral was gone, I could not see it...They held on to it so when I failed, [/b]I went and covered myself with blanket in my bed[b].

sweetveek:
Palmpay loan for crypto

Chikacha:
Both. When It happened to me, the money they gave me as loan got liquidated on my margin, they took the collateral... so I had zero. Cause even before I started trading the collateral was gone, I could not see it...They held on to it so when I failed, I went and covered myself with blanket in my bed.

SINisSIN:
😂😂😂

Robnectar:

Chikacha:
So we nor get anymore choice than to make am for crypto. Na beg I dey beg.

sheanzy:
this your screenshot is literally you as a man covering your chest and leaving your blokus for everyone to see

iLegendd:
I saw this on TikTok and I feel someone here owns that account. Please, reveal yourself.

Robnectar:
Few weeks back I just decided to abandoned my bynance and start operating on new exchange,
And I just wan dey execute new plans for spot before dis sunami started, they just wiped off my $50

Hedgefunds:
@everyone kindly enlighting me more...I took a crypto loan and used my BTC has leverage . But now I can't find my BTC . If I pay the loan back will I be able to see my BTC back? Or it was sold ..liquidation is at 48k.

Robnectar:
Few weeks back I just decided to abandoned my bynance and start operating on new exchange,
And I just wan dey execute new plans for spot before dis sunami started, they just wiped off my $50

AngelSlay:
Using BTC as leverage for a crypto loan means:

1. Collateralization: You pledge your BTC as security for the loan.
2. Loan disbursement: The lender provides you with a loan in a different cryptocurrency or fiat currency.
3. Interest accrual: You pay interest on the loan, usually in the borrowed currency.
4. Repayment: You repay the loan, plus interest, to the lender.
5. BTC return: If you repay the loan, the lender returns your pledged BTC.
6. Liquidation risk: If you default on the loan, the lender can liquidate (sell) your pledged BTC to recover their losses.

Example:

- You borrow 10,000 USDT (Tether) using 1 BTC as leverage (collateral).
- You receive 10,000 USDT and agree to repay 11,000 USDT (including 1,000 USDT interest).
- If you repay the loan, the lender returns your 1 BTC.
- If you default, the lender can sell your 1 BTC to recover their losses.

Keep in mind that crypto loans can be risky, and market fluctuations may affect the value of your collateralized BTC. Always carefully review loan terms and conditions before borrowing.

GRACEGLORY:
Yes, I agree that anything is possible in crypto. 40K is possible for #BTC but not in view. 49K-51K if sudden rate cut shows up. All the same, that 53-51K area has unfinished business. Trust me on that. May take 2wks or less, it would visit.

I appreciate your contribution, sir. Nice one

AngelSlay:
You don too loose money for crypto.

Chikacha:
So we nor get anymore choice than to make am for crypto. Na beg I dey beg.

Hedgefunds:
Thank you very much. I will Paying back next week just dont want to miss out on ETH at 2300, My goal is to rePay back and when ETH fall to 1800 borrow again then Pay back..

B. Do you think this loan is better than going 10x leverage ...


C. When will you advice i use 10x leverage...CaPital is not an issue...

iLegendd:
Never in my life have I paid attention to that. In fact, I didn't even know it exists.

Luckyss:
Boss is there any thread for trading gift cards? Or the best app to trade gift cards. I have Googled it but I'm still confuse