2025-12-07 12:26:06

Back in the early days, there were plenty of cases in the community where people borrowed coins and never paid them back. What’s even more outrageous is that some would repay based on the fiat value at the time they borrowed.

As BTC skyrocketed over the years, these old debts turned into ticking time bombs. Even now, there are still plenty of people dreaming of reclaiming the coins they lent out back then—after all, that’s real money.

Speaking of which, the incident with Li Feng is a classic example—he had a great hand with 1,500 BTC, but still managed to turn it into an industry joke.

BTC-1.62%

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AltcoinHunter

· 12-10 05:21

Damn, this is the so-called "time arbitrage"... Hundreds of BTC prostitutions back then, now at the fiat price? Brother, you're dreaming

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Hash_Bandit

· 12-09 22:24

lmao the fiat-price repayment scheme... that's literally just theft with extra steps. those guys basically locked in their loss and called it a day

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SchroedingerMiner

· 12-07 12:55

Ha, that's a typical case of betting on the wrong direction. Who could have predicted it back then?

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AirdropAutomaton

· 12-07 12:54

Damn, those people who borrowed coins back then and never paid them back were unbelievable. Now they want to settle the debt at the fiat price? That’s basically getting something for nothing. Now that the coin price has skyrocketed, they’re panicking.

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ForeverBuyingDips

· 12-07 12:42

Haha, I'm all too familiar with this trick. Back then, I saw quite a few "friends" like this. Who would have thought? Coins were so cheap at the time, lending out a few hundred didn't seem like a big deal. Now it's too late even to cry about it. What happened with Li Feng was truly insane—1,500 BTC gone just like that. Anyone would lose their mind over it.

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CryptoDouble-O-Seven

· 12-07 12:38

Those assholes who borrowed coins in the early days totally deserve to lose big now.

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LiquidatedAgain

· 12-07 12:36

Same old trick. Back when they borrowed coins, it was called "trust," but now when it's time to collect, it's a "blacklist." If only I had known earlier—hindsight is priceless. --- Repay at the fiat price? Ha, how arrogant do you have to be to come up with that? It's as absurd as promising to add margin but then just force liquidating instead. --- 1,500 BTC! With a hand like that back then, to end up like this... I really need to learn how to lose so thoroughly. --- What’s scary is when these accounts are never clear, and by the time risk erupts, the liquidation price is long gone—nobody can save anyone. --- Old debts turning into death warrants—I’ve seen this story too many times. No one even looked at loan-to-value ratios back then, right? --- So you see, the worst thing isn’t liquidation; it’s those coins you can never get back. That hurts even more than getting force-liquidated.

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