@sfrazer434 @feld @briankrebs I am being serious here too, I’ve done 19 million is my largest first mortgage. Do you understand what LTV is then the risk involved in appraisal? What that means to the asset? When you sell at auction and how that becomes profitable at what rates to guarantee you make money?

Just asking as I made 9% through 2008. So like what about this market has any sanity since 2013 when it went off the rails. Risk has not been assessed appropriately. It’s only material to the party investing to diversify with unknowns and irrational rates.

That all said, 15% in a day is minor for the asset valuation of total BTC when you see swings far harder in the overall market. Just the market cap is bigger. Moving money from place to place.