Hi guys, I have alts but need BTC to make some bets this weekend.
I can liquidate my alts for BTC but last time I did that, BSV went up like 8% and I ended up getting screwed because the betting site took hours to release my funds, so I was wondering if I can just borrow BTC instead of risk liquidating my alts and potentially losing out because of a market move.
Need $4-5 in BTC. Is this even possible? Realistic? Thanks.
I can liquidate my alts for BTC but last time I did that, BSV went up like 8% and I ended up getting screwed because the betting site took hours to release my funds, so I was wondering if I can just borrow BTC instead of risk liquidating my alts and potentially losing out because of a market move.
Need $4-5 in BTC. Is this even possible? Realistic? Thanks.
As long as your alts are prices are somewhat stable and listed on any exchange. Usually people ask for 120% collateral in alts for a loan. Your collateral is only liquidated once you definitively fail to repay.
The only thing I am confused about is, are you looking for $4-5 or $4k-$5k ?? That's a big deal as far as typos are concerned lol