Topic: PSA - Do NOT buy BTC or any alts on margin (Read 518 times)
Yes. Sure. I loss 1 BTC on margin
I'm sure everyone will just listen to you and will stop doing margin trading all together because you as an economist and expert in financial markets said so.
If you want something to work just tell the opposite because if you tell someone to not do something they will go and do it just because you told them not to.
Reverse psychology is a thing for a reason.
Why would you even bother to trade on a platform which blocks and cancels your orders if their profit is at risk? they shouldn't engage in trading in the first place.
If you want something to work just tell the opposite because if you tell someone to not do something they will go and do it just because you told them not to.
Reverse psychology is a thing for a reason.
Why would you even bother to trade on a platform which blocks and cancels your orders if their profit is at risk? they shouldn't engage in trading in the first place.
Margin trades are always coming up with the risk of "auto square off". It means exchanges reserve the rights to sell/close our holding/trades which were bought with leveraged funds[1]. In high volatile, while prices drops, exchanges are doing this to prevent their losses. They will close our positions at certain levels which will be covering their "loaned money".
Any trader who is understanding this risks, may go for margin trading as it will allow them to trade more for their small capital.
There would be nothing wrong in going for margin trading if your trading calls are coming up with proper stop-loss levels. Some forex brokers are providing up to 1000x leverages too where are crypto exchanges are dealing around 10x so practically lesser risks involved still not recommenced for all the traders.
Any trader who is understanding this risks, may go for margin trading as it will allow them to trade more for their small capital.
There would be nothing wrong in going for margin trading if your trading calls are coming up with proper stop-loss levels. Some forex brokers are providing up to 1000x leverages too where are crypto exchanges are dealing around 10x so practically lesser risks involved still not recommenced for all the traders.
I just saw Poloniex and Kraken going down, how can two exchanges get DDosed at the same time? That was insane. ETH crashed hard and it's going back up, LTC too.
I was able to buy cheap LTC, so thanks for that Poloniex.
STR was up 150% and crashed all the way down from 6000 sats to 2500 sats, crazy.
I was able to buy cheap LTC, so thanks for that Poloniex.
STR was up 150% and crashed all the way down from 6000 sats to 2500 sats, crazy.
I don`t know why every time when the btc price does up,somebody starts to attack the community.
Attacks over this forum and exchange platforms?
Who benefits from this?
Before anyone goes crucifying OP for this opinion, I'd like to say I fully agree with it. Being over-leveraged has brought down banks, hedge funds, and individual investors for as long as it's been possible to borrow investment money. He is right, because the volatility in crypto should be a huge indicator that you shouldn't use margin to finance trades. That's just pure insanity. It doesn't surprise me that these exchanges promote doing this, but Jesus. Don't buy on margin!
I just saw Poloniex and Kraken going down, how can two exchanges get DDosed at the same time? That was insane. ETH crashed hard and it's going back up, LTC too.
I was able to buy cheap LTC, so thanks for that Poloniex.
STR was up 150% and crashed all the way down from 6000 sats to 2500 sats, crazy.
I was able to buy cheap LTC, so thanks for that Poloniex.
STR was up 150% and crashed all the way down from 6000 sats to 2500 sats, crazy.
Do not buy any btc or alts on margin if you do not know what youre doing.
Just read up on margin agreements on a few trading platforms and realized it is adding to the wild volatility.
Dont do it guys unless you know what youre doing.
These crazy price drops are likely a result of it
Just read up on margin agreements on a few trading platforms and realized it is adding to the wild volatility.
Dont do it guys unless you know what youre doing.
These crazy price drops are likely a result of it
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