Community post
And then there was Margin...
Well this seemed quite an ideal spot to open a leveraged long position...
https://i.postimg.cc/brLpWFDN/1.png
Lets try and be conservative though - this market is kinda krazy right now.
But, Btc is down some 40% from just 2 weeks ago - It can't drop further...
5X Sounds like a safe and reasonable bet after this carnage
Oh
Oh
Oh
FUCK!
https://i.postimg.cc/T3gHP50n/2.png
Who else got liquidated?
Anyways, I only play around with margin with a small amount of funds, which I recommend everyone do. Never go all in on margin - Nothing is a sure thing. And keep your leverage low.
Although margin has produced some nice results the past month in which I have funneled into my Steem account, this is my first liquidation and... Well.... It kinda sucks.
I, along with probably the entire crypto community, didn't expect bitcoin to do the 1-2 double punch knock-out we just witnessed - losing 40%+ in a matter of hours.
Replies (1)
I don't go near leverage. Not in these high risk markets of crypt. Sure, you could be up 1000% and you could be down every single cent you own after a margin call that din't get you out in time at a positive account balance. Heck no!
My high risk in this space is trying make my own game. I don't need more risk!