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ETH also briefly dropped below $1k. These should trigger a series of margin call events, shouldn't it?
by yawnxyz 4y ago
ETH also briefly dropped below $1k. These should trigger a series of margin call events, shouldn't it?
- alkonaut 4y agoIf people are doing any kind of leveraged positions on Cryptocurrency then who the hell lent them the money?
- FridgeSeal 4y agoOther people in crypto? Haven’t you seen how wild that ecosystem is?
- TimJRobinson 4y agoYou haven't heard of decentralized finance? It's a $250B industry mostly running on Ethereum. Constantly surprised how out of the loop HN is on this.
- alkonaut 4y agoI wasn't aware that hedge funds operating on top of it were a big thing (i.e. leveraged risks). You'd think the volatility of these things are bad enough even if you are merely doing traditional investment funds (i.e. just investing people's money - not investing peoples money leveraged by further lending).
- TimJRobinson 4y agoAs it's been hovering around there for a week I assume most have deleveraged by now.