Y
Hacker News
new
|
ask
|
show
|
jobs
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
anilshanbhag
2948 days ago
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.
link