what if you borrow bitusd against bitshares and bitshares goes down and you're magin called? That's a big risk no? and this only works if the price goes up, which its not doing.
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what if you borrow bitusd against bitshares and bitshares goes down and you're magin called? That's a big risk no? and this only works if the price goes up, which its not doing.
Sure you need a good ratio and to check up on it sometimes. I kept a 10:1 ratio which kept safe even during these crazy dips.
And if you believe the price is going further down and staying there.
Then yes it's probably pretty bad.
But if you use the bitUSD to invest with profit and then keep paying them back every time, then the risk is not very big.
thanks for clearing that up :)