Quote from: bitvalak on October 10, 2018, 03:30:03 AM

Quote from: Vangar on October 08, 2018, 10:56:33 AM

Hello, bitcoin community! I would like to share a link to an article about biggest leverage rates that bitcoin (and others as well) can have right now in the market https://www.cryptocointrade.com/trading-blog/where-can-i-trade-crypto-with-the-highest-leverage/. What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

Leverage trading always carries a big risk, this is why I never want to use leverage trading. You better trade without using leverage because it will make you able to learn to manage risk management well.

Spot trading is something a lot of people should always preferably use most especially in their early years of trading. Leverage trading is a whole risky and the OP talking about some 500x, I can imagine how fast it would eventually take for him before he gets liquidated.

People are always looking for a fast means to get rich and as far as I am concerned, that is just some greedy thing to do which could back fire hugely before you even say Jack. Leverage is like making a bet with the chances of losing everything and the bigger you go on the leverage, the more risk you are exposed to.