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RE: I Got Margin Called on HERO Today. Things Don't Always Go Up.
Having a margin account to trade cryptos, WOW, that's precarious. Sorry you got dinged, but you were playing it like a real Wall Street Banker, smelling the fruits of his derivatives. Sucks.
What does Buffett say of derivatives, "financial weapons of mass destruction"?
Although, in the case of bitshares, derivative are also the means of smartcoin production.
The more I think I know about the alt coin market, the less I know.
That is misunderstanding. On BitShares DEX there is not a real margin account where you can trade more than you have. It is contrarily. You have to tie at least 2x more value of BTS to lent bitUSD.
Thanks for the clarification. That's how I thought it worked.