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It sounds fun, but when Bitcoin's price drops, you have to add more BTC to keep the margin safety on Blockfy. You need to pay 10% interest for loaning against
by xiphias2 6y ago
It sounds fun, but when Bitcoin's price drops, you have to add more BTC to keep the margin safety on Blockfy.
You need to pay 10% interest for loaning against 50% of your BTC.
Of course BTC's price probably won't go under $20k ever again, but in March when it went from $8k to $4k for half an hour, a lot of us were surprised.