It occurred to me that 2x leverage would be used by people who have a lot of money, and people who don't have money, even if they have a little money. The extra that is saved for trading is what leverage they are going to increase so that they can make more loss in a few seconds, so I think it's a risky thing, the more leverage you use.
It can give you both in loss and profit if you have more amount then leverage if you use less then you can effort if you have less money and you are using more than 2x leverage you may have a problem
people with low amount of money to begin wind tend to over leverage because they feel there's nothing to lose here, just some measly money can be earned by working but the chance of getting rich is in front of our eyes of course i will call such behaviour too reckless because some altcoin market are too full of manipulation, when there are many futures ready to be liquidated, they will change the tide of the market, to force liquidate all these derivates orders and bet against them.
thats what happening sometime i think with derivative being affected greatly by sudden move in spot market. im sure you've also seen plenty of altcoin that suddenly increase at correction and suddenly dumps at rally.
i think it has something to do with the fact that there are effort to force liquidate all the derivative contracts in some random altcoin with relatively low market capitals.