/biz/ - Business & Finance

Why do people use anything more than 5x Leverage?
Face it. you DON'T know the bottom. you may guess close, which is good and fine on low leverage, but not on degenerate leverage.

Buying $1000 of BTC at 4.2k with 3x leverage, and with 1000$ will net you $18,000 in profit if you sell at 16K peak of rally, or even if you sold at 10k would have made you around $6k.

That's a lot of money and for almost no risk.

Why the fuck would you use any more leverage unless you are a literal monkey or so poor you only have $40 to trade with?

>>18918034
I'm thinking of buying. $2500 for 2 years. Will I make money with it?

Excuse me... Kind, gentle sirs... Where can I see a live candlestick chart for HEX?

Why is the coin so fucking complicated?