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What happens if after immediately getting his $5k BTC I buy a sweet rig for $15K BTC and the price of bitcoin drops to $4k? I guess I can’t spend the collatera
by matte_black 8y ago
What happens if after immediately getting his $5k BTC I buy a sweet rig for $15K BTC and the price of bitcoin drops to $4k?
I guess I can’t spend the collateral in the first place?
- anilshanbhag 8y agoThis can happen on the stock market too. When bitcoin drops to around $5k, you get margin called and bitcoin will get sold on the open market.