Post
Topic
Board Service Discussion (Altcoins)
Re: let's discuss about Binance Leveraged Tokens (BLVT)
by
redwine49
on 08/05/2021, 14:36:24 UTC
There are always no suprises when your trade was short term and amin asset price was not volatile too much.

The most imporant thing with Leveraged Tokens - do not hold them. Its guarantee of loss.
Is the loss guaranteed if we hold it for a long period of time??
I still don't understand why


Despite all the warnings about the product (given in some cases by binance itself) the trade executed with no surprises,
i just compared btcup and btcdown at binance.
June 2020 BTCup price is around 8$ and BTCdown price is around 12$
Now            BTCup price is around 155$ and BTCdown price is around 0.04$

It is clear that the risk & reward ratio between them is very high.
If we bet btcup, we only can win 20times, but if we bet btcdown we will lose 300times.