RE: I Got Liquidated. So What?

Well, if it helps, every dollar represents debt. Each dollar bill is a note backed by the full faith and credit of the government.

Banks will lend out money for a house mortgage. Then, they'll turn around and sell the note.

Bonds are debt. That debt gets bought and sold.

In my case, I wasn't expecting to be liquidated. But, the difference between my debt and the debt above is that I had something to pay the debt. I already had the "money".

On the other hand, the government backs their debt by printing more money to pay it. All the money in the bank, or in your pocket, is government debt.

Mortgages use the house as collateral. But, they rely on the homeowner to make payments on the note with money they might earn over many years.

Bonds are debt. But, they are also collateral.

And, when it comes down to it, crypto is just a ledger entry on the blockchain that you are owed X number of satoshis. You don't actually have satoshis in your pocket. You can trade that debt for items. Or, you can convert collateralize your debt to borrow.

When you borrow $1, you are agreeing to buy $1 with $1.x dollars.

It's just as crazy as matter being energy. It fries a person's noodle.