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Topic: Binance increase Leverage! (Read 245 times)

hero member
Activity: 2576
Merit: 586
October 20, 2019, 11:43:44 AM
#21
Binance Futures has increased its maximum leverage to 125x for BTC/USDT contracts and enabled a leverage adjustment function on its web and testnet trading interfaces. Users can now select any leverage between 1x and 125x.

What do you think? they want you to give your BTC to them faster?
This is just a typical way to drain people's pocket faster, because leveraging at 125x is just like setting up a dead trap for ones finances, because any leveraging that is above 20x is typical gambling because it is a transaction of luck now, the trader could be lucky that at the time the leverage was carried out, the market could be in uptrend which is why one need to always put all these things into consideration of we really don’t want to get liquidated faster that we think.

The best leverage to go for is 10x and I don't think binance increasing this leveraging will make them to be more attractive than okex and the rest that are good in leveraging, and to me, this is even more of a selfish thing because of they are really protecting the trader, they should know that it is risky.
hero member
Activity: 1638
Merit: 518
October 18, 2019, 12:49:05 PM
#20
well, so that mean , we don't need fortunejack or bustabit anymore Grin Grin Grin
hmm.. somehow, i just think binance its like LIBRA , although libra hasn't born yet.
binance, they really have a big influence on crypto world.
Lending,IEO,Staking,Charity,and now, crazy Futures Laverage,oh yeah i almost forgot ,Academy.
about x 125 , oh come on, u must be crazy enough to put your money to join it.
legendary
Activity: 2492
Merit: 1018
October 18, 2019, 10:15:50 AM
#19
I really think you would get liquidated faster in binance compared to bitmex
Anyone noticed it? noticed it yesterday a $200 drop in the price will end me up losing my money that is only x20 but in bitmex i could use the X50 leverage.

Correct me if im wrong.

The more money you profit with big leverage but its a double edge sword as experts says. If the market hits back to you, you prepare fore the big loss as well. Its pretty normal since we all gamble here. Either in Forex or in Crypto the game looks pretty the same, the leverage gives the thrill for traders with the personality they have. I think PrimeXBT has 500x.
member
Activity: 448
Merit: 10
October 18, 2019, 10:12:55 AM
#18
when trading leverage we can take max 3 to 5x leverage nt more than that even 10x is also very risky we can imagine 125x leverage
hero member
Activity: 1470
Merit: 509
October 18, 2019, 10:03:04 AM
#17
I do not think that makes a big difference to us. Honestly this means more choice for us but I would not recommend anyone to try. 125x leverage can be a good news for high risk lovers.
I think Binance will drain your money much faster than Bitmex if you are going to max it since OP is saying the new limit in Binance is x125 while Bitmex is only up x100.
Binance does not force anyone to trade with 125x leverage. This is just a service for us. So if you lose, it is your own fault, and it has nothing to do with Binance.
sr. member
Activity: 645
Merit: 266
October 18, 2019, 09:14:52 AM
#16
Leverage not always be the best solution for earn profit at all. It can be good and the best solution if you can using it well, with small amount of money you can trade and get 10x profit so easily. But if can't using it, you just burn your money. So be careful to choose how many leverage you will use.
copper member
Activity: 238
Merit: 0
October 18, 2019, 08:50:52 AM
#15
I cannot even describe the level of risks by trading at x125. It is worse than going into a casino, but generally speaking yes, they just want you to bring all your money and spend them on such a nonsense.
legendary
Activity: 1512
Merit: 1011
October 18, 2019, 08:45:27 AM
#14
Binance Futures has increased its maximum leverage to 125x for BTC/USDT contracts and enabled a leverage adjustment function on its web and testnet trading interfaces. Users can now select any leverage between 1x and 125x.

What do you think? they want you to give your BTC to them faster?

I don't like it. I'm not a huge fan of the big leverage levels.

IMO it's reckless to open a position with more than x20, especially on Bitcoin markets where you can have 1%-2% in a matter of seconds. Just look at the graph for the past month and you will understand how quickly your BTC will disappear with x125 leverage... a blink of 0.8% and they are gone.

In this case, the risk is even bigger. Not only that BTC can move more a percent at a time, but UDT/USD value is also not fixed and could vary a percentage or two...




sr. member
Activity: 1377
Merit: 268
October 18, 2019, 07:56:23 AM
#13
I really think you would get liquidated faster in binance compared to bitmex
Anyone noticed it? noticed it yesterday a $200 drop in the price will end me up losing my money that is only x20 but in bitmex i could use the X50 leverage.

Correct me if im wrong.

How so? A leverage of x50 is obviously much higher than x20. With a x50 leverage, your funds will drain faster as compared to x20 only. On the overall though, I think Binance will drain your money much faster than Bitmex if you are going to max it since OP is saying the new limit in Binance is x125 while Bitmex is only up x100.

But since OP is talking about futures, similar with Bakkt, is it totally the same with pure leverage trading?


what i mean is, leverage x50 of bitmex has almost the same liquidation price in x20 of binance. Yesterday the max leverage for binance was x20, My observation is that the liquidation price between bitmex and binance is pretty far, I think bitmex gives a better edge in case your calls went down hill.
member
Activity: 141
Merit: 19
October 18, 2019, 06:31:59 AM
#12
Leverage sometimes looks like a privilege but the fact is that it comes at cost. And the cost in this case is the huge risk for getting liquidated.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
October 18, 2019, 06:23:59 AM
#11
I really think you would get liquidated faster in binance compared to bitmex
Anyone noticed it? noticed it yesterday a $200 drop in the price will end me up losing my money that is only x20 but in bitmex i could use the X50 leverage.

Correct me if im wrong.
Think your wrong. Don't think leverages and exchanges are able to liquidate your position earlier then other ones, especially with that sort of gap difference.

It works pretty well, the leverage positions and definetly allows you to take on more risk and make more profits, although with these crazy leverages I wonder at what point does this just become gambling... Things are getting definetly quite spicy.

If you're doing that at your own risk, maybe we can't learn a lesson once we've tried to deal with binance new implementation of leverage system. When there's a possibility to loss, then consider the facts that we should learn accepting possible failures, instead of quitting up. Learning process doesn't end up at one chance but that takes a long process in order to be more efficient.
hero member
Activity: 756
Merit: 507
October 18, 2019, 06:05:26 AM
#10
i will stay away from this type of trades. Actually, what I like in crypto exchanges comparing the forex market, is absence of Leverage!
I understand that some traders can earn a lot from it, but not me, I'm gonna lose in this game
it is good we still have a choice use leverage or not.
sr. member
Activity: 756
Merit: 251
October 18, 2019, 06:00:13 AM
#9
I really think you would get liquidated faster in binance compared to bitmex
Anyone noticed it? noticed it yesterday a $200 drop in the price will end me up losing my money that is only x20 but in bitmex i could use the X50 leverage.

Correct me if im wrong.

How so? A leverage of x50 is obviously much higher than x20. With a x50 leverage, your funds will drain faster as compared to x20 only. On the overall though, I think Binance will drain your money much faster than Bitmex if you are going to max it since OP is saying the new limit in Binance is x125 while Bitmex is only up x100.

But since OP is talking about futures, similar with Bakkt, is it totally the same with pure leverage trading?
hero member
Activity: 952
Merit: 513
October 18, 2019, 05:48:32 AM
#8
I really think you would get liquidated faster in binance compared to bitmex
Anyone noticed it? noticed it yesterday a $200 drop in the price will end me up losing my money that is only x20 but in bitmex i could use the X50 leverage.

Correct me if im wrong.
Think your wrong. Don't think leverages and exchanges are able to liquidate your position earlier then other ones, especially with that sort of gap difference.

It works pretty well, the leverage positions and definetly allows you to take on more risk and make more profits, although with these crazy leverages I wonder at what point does this just become gambling... Things are getting definetly quite spicy.
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
October 18, 2019, 05:40:36 AM
#7
I try to stay away from such high leverage. there are very few people in this market who could apply such high leverage and not drain their deposit in seconds
sr. member
Activity: 1568
Merit: 321
★777Coin.com★ Fun BTC Casino!
October 18, 2019, 05:40:22 AM
#6
Binance Futures has increased its maximum leverage to 125x for BTC/USDT contracts and enabled a leverage adjustment function on its web and testnet trading interfaces. Users can now select any leverage between 1x and 125x.

What do you think? they want you to give your BTC to them faster?


125x  Shocked Shocked
I would like to congratulate those who can win by trading with such a large leverage. It's a big risk.
sr. member
Activity: 1274
Merit: 263
October 18, 2019, 05:30:22 AM
#5
This is totally hard to get money from x125, let alone that much even only with x50 there are many traders got liquidated because of it.
with x125 every single dollar is a moment for the leverager. I do not recommend anybody here using it because it is not safe, just do a normal leverage such as x1 to x5.
but if you want to feel how to get liquidated fast, you can try it.
legendary
Activity: 2324
Merit: 1035
Not your Keys, Not your Bitcoins
October 18, 2019, 05:28:27 AM
#4
Traders and especially newbie traders will get hurt when using more than 2-3X leverage. Actually 90-99% of traders lose money so why mind that? A successful trader can trade with 1000x leverage and he will still get around. It all depends on your risk management strategy. If you have your stop loss in place theoretically nothing should hurt you more than you let the market to.

It's a very good strategy for Binance as they will reap even more money from its customers. After all, CZ runs a business not a charity program.
sr. member
Activity: 756
Merit: 251
October 18, 2019, 05:09:13 AM
#3
Binance Futures has increased its maximum leverage to 125x for BTC/USDT contracts and enabled a leverage adjustment function on its web and testnet trading interfaces. Users can now select any leverage between 1x and 125x.

What do you think? they want you to give your BTC to them faster?

Well, that is survival of the fittest, only the best traders will remain and enjoy the prize. It is either you will milk Binance or Binance will milk you skin and bones. That is always how leverage works. It would either you will thank Binance for your wealth or you contribute whatever you have in your wallet to their huge income.

125x is not the highest leverage however. I have come across a post before of a margin trading that offers up to 200x leverage.
sr. member
Activity: 1377
Merit: 268
October 18, 2019, 04:59:04 AM
#2
I really think you would get liquidated faster in binance compared to bitmex
Anyone noticed it? noticed it yesterday a $200 drop in the price will end me up losing my money that is only x20 but in bitmex i could use the X50 leverage.

Correct me if im wrong.
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