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/biz/ - Business & Finance

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17223352 No.17223352 [Reply] [Original]

Tell me reasons why I shouldn't buy LINK on margin? Also, please explain how margin works.

>> No.17223359

>>17223352
because you don't know how it works

>> No.17223372

>>17223359
That's why I'm asking

>> No.17223373

>>17223352
1. LINK is a scam
2. The only way to profit from LINK is margin trading. Short 125x on binance.

>> No.17223375

>>17223359
FPBP

>> No.17223386
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17223386

>>17223352

"Buying on margin is borrowing money from a broker in order to purchase stock"

Yeah, that's pretty retarded. Don't do it, fag.

>> No.17223404

>>17223386
But if LINK is gonna skyrocket why wouldnt i want 125x profits? Are you retarded?

>> No.17223409

>>17223352
>Borrowing money to buy a shitcoin.
you are fucked

>> No.17223465

>>17223404
Jesus christ... just go buy scratch offs

>> No.17223481
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17223481

>>17223404

Never invest with money you're not ready to loose.
That loan is gonna buttfuck you so hard if Sergey doesn't smile upon you once they want that shit back.
Waste your own money you got instead, faggot.

>> No.17223504

>>17223404
>125x
oh god im.. im... gonna I-I'M GONNA MARGINOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMM
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.17223518

>>17223481
But i thought you can only lose your own investment, so if I put 1k with 125x leverage i can only lose 1k. Or do you mean i could owe binance 124k?

>> No.17223554

>>17223518
Your 1k will disappear in a blink of an eye if the price moves down at all.

>> No.17223630
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17223630

>>17223518

The moment I hear the word "loan", there's bound to be some interests on that promise of getting insta-cash for your LINK glory.

I'm a zoomer (I think, genuinely don't know if Z or Y anymore) with boomer influence from my upbringing.

The only things I'd ever get a loan for is:
- A house if I become owner of some goblin spawns
- Student loans, and ONLY because my nation has almost no interest rate.

I'm against loans in general, but those that invest like that on crypto are godlike retards. Don't lose it on a dip, sell from the bear trap and then go minus in the end.

>> No.17223686

Margin is borrowing money to buy stuff.