As Foxpop said I would stay away from leveraged trading in the beginning. You need a solid understanding of the mechanisms and the bitcoin market to prevent you from going bust in a tiny swing.
At 25x leverage even a moderate whale selling a big chunk of bitcoin can cause the price to move down enough to put you deep in the red.
The biggest "problem" is that once you lose the amount of what you actually hold, the exchange will force an automatic sell of those coins at the current loss, because you cannot cover the losses if you don't have more coins on your account.
At 25x leverage even a moderate whale selling a big chunk of bitcoin can cause the price to move down enough to put you deep in the red.
The biggest "problem" is that once you lose the amount of what you actually hold, the exchange will force an automatic sell of those coins at the current loss, because you cannot cover the losses if you don't have more coins on your account.
Thanks, will stick with honest purchase. No to leveraging
i think leverage/margin is only work if we know about the price directions, because if we only make predict, it will hard to make money. if we are sure that the price is going up, then we can use leverage/margin and we can make good profit.
i already trying leverage/margin too but i think i don't make a good profit and only small amount because it will depend on how much our budget we play on leverage/margin. if we have big budge like 1 btc, then we can get good profit, but for less budget, i don't think so.
