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by matte_black 2948 days 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?

1 comments

This 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.