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A comment on Bitcoin-collateralized loans coming to Coinbase. Parent comment

Re:Bitcoin-collateralized loans coming to Coinbase by oleganza on Thursday August 13, 2020 @04:03AM (#24141027)
They loan up to 30% of the BTC value. So as long as it does not crash more than 70%, everything's fine [1].

[1] Which happened every time after the peak of a big bitcoin run-up ;-)

[ Parent | on HN ]
Re:Bitcoin-collateralized loans coming to Coinbase by hydraxis on Thursday August 13, 2020 @04:32AM (#24141158)
And then there will be margin calls and forced sales, which in case of a crash will accentuate the drop considerably...
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Re:Bitcoin-collateralized loans coming to Coinbase by rkagerer on Monday August 17, 2020 @04:07PM (#24191407)
In the scenario where the market is crashing faster than they can keep up with, do you think they'll put their own sell orders ahead of those of other customers? Could they get in trouble for that?
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