Online book resilience in case of BTC crash
paddyboy111
Senior Member
Books that take BTC deposits would be wise to immediately sell the BTC into the currency that your account is denominated in. Otherwise they hold the risk of a drop in the crytpocurrency price when you withdrawal your money in BTC at the new exchange rate. I'm sure they do this, but in a very unregulated business, considering the transaction costs of I wonder what would happen if BTC dropped 90%, for example. As Warren Buffet said, it is only when the tide goes out that you find out who has been swimming naked. Is this something I should be worried about?
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