ALTCOINS OR LEVERAGE ?? - page 2. | Bitcointalksearch.org

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Op, this is a ridiculous question. It's like asking if you should eat an orange or fix your muffler.

Traders need to be very careful when using leverage, and I've heard some exchanges are offering them the chance to use over 100x leverage. That can be disastrous, especially when trading altcoins. True, the potential profit can be enormous but the risk is so great that you really need to be experienced before trading on margin at any percentage of leverage. Personally I wouldn't do it at all, but I'm well aware of how many gamblers there are in the world of crypto.

Quote from: Emperor of Man on October 24, 2019, 11:47:16 AM

Someone once told me that if your knowledge in normal trading is 100/100, then it means that your knowledge in margin/leverage trading is 5/100, and later I understood that he was absolutely right.

Well stated. I bet the average trader starting to use leverage is going to end up bankrupt, sooner rather than later. This is the problem that arises when interest rates are so low that borrowing as much money as you want to trade cryptocurrency is dirt cheap. It's dangerous in my opinion.

Emperor of Man

hero member

Activity: 886

Merit: 510

Using leverage needs very, very, very careful risk management, and many people lose everything because they can't manage their money/risk well.

Someone once told me that if your knowledge in normal trading is 100/100, then it means that your knowledge in margin/leverage trading is 5/100, and later I understood that he was absolutely right.

Due to the very low percentage of people who make money from leverage trading more than they lose money, I have no faith in it.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: weidex on October 24, 2019, 08:04:16 AM

A clear shift on the market can be felt. Instead of trading altcoins, people nowadays are doing leverage. Maybe they got tired waiting for the new alt season.

Yesterday right before the collapse, $150 million of long positions were completely liquidated on Bitmex. Logically, it creates a sell pressure on the market and the price goes down, causing more long positions to be liquidated in a chain reaction. Of course, this is just one suggestion of why the collapse happened in a matter of just one hour.

Which one you consider better?

Altcoin is much better than doing leverage. The big dump has already created by the whale and that happens only with bitcoin and as you can see the altcoin still stay on its position if you are seeing it from the bitcoin term.
They are not got tired for the new altcoin season but I remember about there was a whale who has been moving his bitcoin to the exchange site.
Isn't it the stability of the bitcoin gives more chance to the altcoin traders to get more volatility compared with bitcoin is having a very big volatility on its market?

Sell pressure is only happening with bitcoin right now and altcoins are getting pressure in the fiat term.
Im holding altcoin and I have been watching it since bitcoin dump has already started.
Leverage is too risky in this time.

tiang_tower

full member

Activity: 826

Merit: 100

Quote from: vanya.pronin.1983 on October 24, 2019, 08:55:09 AM

People are losing hope and this is not surprising. A lot of investors believed in altcoins and invested in them during the fall. But when you are waiting for two years, without even a sign of improvement, you start to complain and to withdrawal.

Naturally, when someone starts complaining and withdraws from investment, because it has spent a lot of time for two years and spent large amounts of funds, so when it is not as expected, everyone will automatically complain and withdraw from it.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Quote from: vanya.pronin.1983 on October 24, 2019, 08:55:09 AM

People are losing hope and this is not surprising. A lot of investors believed in altcoins and invested in them during the fall. But when you are waiting for two years, without even a sign of improvement, you start to complain and to withdrawal.

two years was too long for us for waiting altcoin improvement.we could miss best opportunity in market that will give us lot of profits.6 montha actually enoug for developers team to show their work.if in current time we didnt see developtmen that not significant, we could start sell and quickly as fas as we cab

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Leverage is the flavor of the day that's for sure, but to be honest, how many people trade with leverage and don't get rekt? This again is feeding the greed of this fledgling market and I see another wave of noobs getting mega rekt in the process. Of course, a lot of whales are making hefty sums of money and most short the market like yesterday and make a killing. It takes a lot of bullish activity to raise the price of Bitcoin and other Cryptos, but it takes only a few hours to completely trash the price, as we saw yesterday again. This leverage trading is destroying any chance of moon in the foreseeable future. The only thing that has a chance now is to invest in some gem of a coin that through its development might do a 10 or 20 x price hike.

Classica35

jr. member

Activity: 518

Merit: 3

I prefer altcoins that will surge in the face of plunging bitcoin. Even if there is sell pressure on bitcoin, there are some altcoins that will not be affect and if there will be any effect, I will be insignificant. Particularly at this this, altcoins !right be more preferable, but you need to choose wisely.

BitHodler

legendary

Activity: 1526

Merit: 1179

It's not really a surprise to see leverage platforms do well, mainly because of how easy to access and use they are. It's also offering an advantage in the way that you don't really need volatility anymore.

If you want to increase your risk exposure for higher returns, then simply crank up your leverage count and this can be done in a matter of seconds. People somehow don't seem to care about the risk they exposure themselves to.

If you want even more risk exposure, apply leverage on already volatile altcoins and there you have the perfect formula that grants you similar odds as what a casino can offer you when you go all in on black. It's pure gambling.

DDante

member

Activity: 434

Merit: 19

Quote from: weidex on October 24, 2019, 08:04:16 AM

A clear shift on the market can be felt. Instead of trading altcoins, people nowadays are doing leverage. Maybe they got tired waiting for the new alt season.

Yesterday right before the collapse, $150 million of long positions were completely liquidated on Bitmex. Logically, it creates a sell pressure on the market and the price goes down, causing more long positions to be liquidated in a chain reaction. Of course, this is just one suggestion of why the collapse happened in a matter of just one hour.

Which one you consider better?

Leverages works for those who know how to play the game, in this type of unstable market movement you can lose your funds in leverage as well as trading, its just ridiculous if anyone is not expecting this type of market we are in now, things can't keep going right

vanya.pronin.1983

member

Activity: 378

Merit: 10

People are losing hope and this is not surprising. A lot of investors believed in altcoins and invested in them during the fall. But when you are waiting for two years, without even a sign of improvement, you start to complain and to withdrawal.

DeepChipolino

member

Activity: 658

Merit: 11

I would not choose any of the options.
Using margin trading in the cryptocurrency market is more risky than in other markets. There is always a chance of a hard change in price, like yesterday. Many altcoins are illiquid, so people abandon this trade in favor of margin trading.
So, now is not the best time for both trade and investment. Maybe I'm too picky ...

DaMut

sr. member

Activity: 1274

Merit: 263

Leverage is a good option in the bear market and bull market because we can get profit by shorting or longing. But doing the leverage is not an easy matter, in an unpredictable market, everything can happen not to mention how BitMex did to their leverager(sudden changes in the price causing many people to get liquidated).
while buying altcoin right now is not any better than leverage, even though it is the same there is an advantage in buying altcoin. No matter how low the price is, you will never lose anything if you do not sell it, so I prefer buying altcoin than doing the leverage.

weidex

jr. member

Activity: 243

Merit: 1

A clear shift on the market can be felt. Instead of trading altcoins, people nowadays are doing leverage. Maybe they got tired waiting for the new alt season.

Yesterday right before the collapse, $150 million of long positions were completely liquidated on Bitmex. Logically, it creates a sell pressure on the market and the price goes down, causing more long positions to be liquidated in a chain reaction. Of course, this is just one suggestion of why the collapse happened in a matter of just one hour.

Which one you consider better?

Topic: ALTCOINS OR LEVERAGE ?? - page 2. (Read 270 times)