> "the rational action is not to play" The rational action is not to attempt a short-term play. Having one side of your two-sided trade broken is a very bad o

> "the rational action is not to play" The rational action is not to attempt a short-term play. Having one side of your two-sided trade broken is a very bad outcome. But if you're making a long-term play, that consideration is irrelevant. There's no "other side" of the trade for you to match up with. If you get an asset at 0.5X and then don't sell it and then the exchange breaks the trade, you get your money back and you're no worse off than when you started. But if you happen to grab an asset at 0.5X and the exchange doesn't break the trade, then you gained an asset for half of what it's worth. Now you've got a great asset in your portfolio, only you have twice as much as you should have been able to afford. That's a great move!