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A comment on Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets. Parent comment

Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by matte_black on Tuesday May 22, 2018 @04:36PM (#17129211)
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?

[ Parent | on HN ]
Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by anilshanbhag on Tuesday May 22, 2018 @04:53PM (#17129336)
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.
[ Parent | on HN ]