I am referring to Vitalik Buterin, one of the ethereum founders post on Twitter that states that people should not use more than 2x leverage.
Don't use >2x leverage. Just don't.
It is one of the things he listed as a financial advice. As a trader, what do you think about it? We set some money aside for trading and as for me I still use up to 2.5x leverage for bitcoin to open a long position.
I think using this low leverage is good for traders. But investors should not use leverage at all. Investors should even supposed not to leave coins on exchanges but moved the coins to a noncustodial wallet.
Don't use >2x leverage. Just don't.
It is one of the things he listed as a financial advice. As a trader, what do you think about it? We set some money aside for trading and as for me I still use up to 2.5x leverage for bitcoin to open a long position.
I think using this low leverage is good for traders. But investors should not use leverage at all. Investors should even supposed not to leave coins on exchanges but moved the coins to a noncustodial wallet.
Dear instead of that I would say those who are beginner traders.. trading on leverage is a big risk to their funds besides that they should start trading in spot and can learn easily because it has less risk in losing funds although the risk is also included here.
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...... See what happened to TRB recently that fall from almost $700 to $125.
well, haha I also noticed this big trap of TRB where the people who short it at the lower prices have to face big lose, and on the other hand people who long it at higher prices have to face big lose as well
