Post
Topic
Board Altcoin Discussion
Re: Don't let Margin Trading make you poor!
by
ethereumhunter
on 29/10/2019, 15:28:10 UTC
So Binance introduced margin trading up to x125! Great for some, horrible for most. Why? Because this is an open market and people without experience can actually go ahead and borrow Bitcoin without knowing half of what's going on.

For that reason, I wrote an article to give a good introduction to margin trading, Bitcoin lending, as well as Bitcoin borrowing (if you wanna make some passive income). It's by no means that the best post on the topic, but it does give a really good overview.

You can read it here and decide if going down the margin road is the best thing you can do: https://paybis.com/blog/bitcoin-lending/

As long as you know what to do related to margin trading and you have skills to do margin trading, I think that will not be a problem. You will have extra care to trade because the leverage is too high, and I think you will analyze deeper before you trade so you can prevent the loss. Bitcoin lending will be a way to get another money from the traders because there will be many traders who need more bitcoin to trade. But yes, without knowing about margin trading, then that will be a suicide, and that will be a fast way to lose the money.