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Anonymous Wed Feb 28 21:34:28 2018 No.8036272 [Reply] [Original]

Is there any reason that most people shouldn't have a constant 2x leveraged long on BTC? maybe I'm a brainlet but if I understand correctly:

if i took a 2x long right now, the price would have to fall by 50% to liquidate me, so to about $5100 or so. Assuming I don't believe this will ever happen (and I personally don't) isn't taking a 2x long pure upside if I was just going to hold my BTC anyway? basically get twice as much profit by gambling that it will never go below $5k ever again.

absolutely retarded or is this the way to go?

>>	Anonymous Wed Feb 28 21:35:56 2018 No.8036305 >>8036272 Margin trading isn't investing, son.

>>	Anonymous Wed Feb 28 21:35:58 2018 No.8036306 >>8036272 >>brainlet Go on a leveraged exchange and look up their liquidation price and interest rates. They aren't going to lend you X2 of a coin for free

>>	Anonymous Wed Feb 28 21:43:42 2018 No.8036434 >>8036306 good point, i was genuinely curious, haven't used leverage before, didn't think about fees etc. but that makes sense, thanks

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