Today I was educated again by my own procrastination... Cutting losses really is a bit like breaking up; the more you think "let's wait and see if they come back," the more likely you are to turn the wound into a chronic condition. Lending is even harsher—frankly, you're not just bearing losses, but also interest and the heartbeat spike from utilization rate surges. The longer you drag it out, the closer the liquidation line gets, making it hard to sleep peacefully.


Now I’d rather admit the loss early and reduce leverage, and if the collateral’s relevance suddenly changes, I’ll withdraw first to avoid passive hits.
By the way, I saw in the group again that people are arguing about privacy coins/mixing coins and the boundaries of compliance. The back-and-forth actually seems quite similar— the fuzzier the line, the easier it is to cause trouble. Drawing a clear line early might actually be more reassuring.
That’s it for now, I’ll see how it goes tomorrow.
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