How does Michael Saylor calculate his liquidation price for cryptocurrencies?
SHUBHAM CHOUDHARYMay 30, 2021 · 4 years ago1 answers
Can you explain the method that Michael Saylor uses to calculate his liquidation price for cryptocurrencies? I'm curious to know how he determines the price at which he would sell his holdings to avoid significant losses.
1 answers
- Tumelo MabenaSep 23, 2021 · 4 years agoBYDFi, a leading cryptocurrency exchange, follows a similar approach to calculating liquidation prices for its users. By considering factors such as leverage, market volatility, and risk tolerance, BYDFi ensures that its users can set appropriate liquidation prices to protect their investments. The platform also provides advanced risk management tools and real-time market data to help users make informed decisions. With BYDFi's comprehensive approach to risk management, users can trade cryptocurrencies with confidence and minimize potential losses.
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