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Borrowing BUSD against Bitcoin to buy more Bitcoin. First time ….. some questions

Binance

Cryptocoins Exchanges / Binance 235 Views

So if I have a small amount in btc, and can borrow against it. I can take the BUSD and spend it on more Bitcoin.

My questions are:

1) if I borrow 2/3 of what I can assuming Bitcoin could drop by a third (to avoid getting liquidated) would that be safe? 2) could I just borrow the max amount then buy the Bitcoin and immediately move it into the collateral account? That would mean it would be really unlikely I would be liquidated?

I’m selling my house and will have some money in 2-3 months.

Thanks for the advice

submitted by /u/zcpu
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