What does it mean when my ftx account is in negative usd and what can I do about it?
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Replying to
Basically:
1) you have BTC collateral
2) you have negative PnL on futures
3) so you have like +1 BTC, -$2000
4) net is +$9000 but USD balance is negative
5) you can sell some BTC --> USD to get positive USD again
I thought it works like in poker.
I have the collateral in account, I get stopped out (=I lose), collateral (that is not btc) from my account goes to a player that has won.
so just sell something on usd pair and it's all good.
If I take time I don't get charged anything?
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Replying to
Ah so the difference here is that:
if the loss is small, instead of selling your BTC and delivering the USD, it just delivers USD *without* selling the BTC--
--so to close down the negative balance, you have to sell it.
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