Guys, asking for an option here: what you do if

Question

Guys, asking for an option here: what you do if

you were me.

I have 3 btc earning right now, and 3 btc about to be margin called tomorrow morning. Would you risk losing it all to cover the margin call or sacrifice the 3 by letting them get liquidated and keep the 3 that I have?

Asking for an honest opinion.

0

15.06.2022

12 ответов

17 просмотров

Mario Автор вопроса

Al MicMac
If it’s all in Celsius you cover your collateral o...

But what happens if the price continues to go down even more? Now I risk getting another margin call. Or God forbid Celsius comes out bankrupt or something shady. Then I'm left with zero Bitcoin and a precarious scenario. No?

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15.06.2022

Al MicMac

Mario
But what happens if the price continues to go down...

Are you talking about putting fresh BTC or BTC already in Celsius

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15.06.2022

Mario Автор вопроса

Al MicMac
Are you talking about putting fresh BTC or BTC alr...

Btc already in Celsius. That's earning yield. Basically my only 3.

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15.06.2022

Al MicMac

Mario
Btc already in Celsius. That's earning yield. Basi...

Then you add collateral simple. Always protect first. When BTC goes up you can reduce collateral , once operations are hopefully resumed to that extent

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15.06.2022

arfonzo 🐈‍⬛ I never DM first + ask for 2FA

Al MicMac
Then you add collateral simple. Always protect fir...

oh, check your DMs. 😉 Sent you few hours earlier.

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15.06.2022

Al MicMac

arfonzo 🐈‍⬛ I never DM first + ask for 2FA
oh, check your DMs. 😉 Sent you few hours earlier.

Just seen & replied 👍🏼👍🏼

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15.06.2022

Mario Автор вопроса

Al MicMac
Then you add collateral simple. Always protect fir...

See, that's the positive scenario. That " hopefully" is a big if. And if the price continues to go down, I risk losing everything. That's my fear. And why I haven't done it yet. Unless you or someone can convince me otherwise. Really appreciate your feedback btw.

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15.06.2022

Al MicMac

Mario
See, that's the positive scenario. That " hopefull...

If you’re funds are there already then there is no additional risk. That’s all I will say as the rest is easily calculated.

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15.06.2022

Dan Simons

Not financial advise but i would not put more funds until knowing wtfk is really happening from Celsius officially. Risk of losing everything is worse than loosing half. But this is only my view maybe I’m pessimistic, based on sentiment and data, i know a few that chose to cover the margin. Good luck, hope it goes well for us all.

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16.06.2022

Mario Автор вопроса

Thank you Dan, your sentiment is more aligned with mine on this one.

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16.06.2022

Dan Simons

Mario
Thank you Dan, your sentiment is more aligned with...

I’m just a joe in the internet, make your own mind. :)

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16.06.2022