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Why My Bitcoin Loan Didn’t Pan Out, And What I Did To Fix It


This is an opinion editorial by Wilbrrr Wrong, a Bitcoin pleb and economic history enthusiast.

In this article, I describe my experience in using bitcoin-collateralized loans, of the sort offered by Holdhodl or Unchained Capital. I employed these loans during the bull run of 2020-2021, using some general rules of thumb, however recently I’ve made a study which shows that they could be used with greater safety if a more systematic approach is put in place.

I’ll make the caveat at the outset that my practice may well be criticized as failing to “stay humble.” Certainly many pundits would advise against these ideas, for example in this “Once Bitten” episode with Andy Edstrom.



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