A clip from the article the OP posted:
Anyways, please position yourselves to capitalize to the max when Bitcoin takes off to its newest all-time highs $35,000-$50,000. If you dont have enough capital to invest then I suggest signing-up for a wallet like PrimeXBT. Even with just $100 you can take advantage of the 100X leverage and BUY a FULL BITCOIN.
What does everybody think of this?? This sounds like putting a carrot on a stick in front of a bunch of hungry donkeys.
100X it's the greatest scam in the world, why?
People use to think it's easy not to get burned by 1% price movement, hah! specially in crypto.
But they don't read between lines, because you need some percentage of your position to open a margin, it's something like.. 0.45% of the position..
if you get liquidated at 1% that means when you open a 100X position you at the same time are about to get liquidated if the price move against you by 0.55%
it's tricky.. but that's the way bitmex and other platforms that offer leveraged, make their money.
and this is only the first part, I'm not taking into account the fees you need to pay for maintaining a leveraged position open.