Quote from: Ben Barubal on May 16, 2024, 11:54:30 PM

Quote from: VeilVortex on February 28, 2024, 08:02:00 PM

Hey guys!
I have a question... do you think it's a good idea to invest BTC in futures now? With 3x leverage so as not to run as much liquidation risk?

Or do you think it's better to put my €100 in a wallet and wait?

Thank you for the help!

The answer to your question is very basic: if you do not know anything about futures or trading, do not enter futures trading because it is very complicated. It is better to start with spot trading first. Many newbies try futures right away and end up wrecked.

Because most newbies are stubborn, they think that their narratives are right for immediately entering the future. Investors who think of making a lot of money immediately or getting rich in a short span of time have a wrong mindset.

it depends really if you trade spot with $100 it probably not gonna give you meaningful profit or in other word just wasting time, what make future trading so interesting is the fast paced style of investment, you profit from the margin, you also being given chance to leverage your capital at the cost of higher chance being liquidated, I think thats fair game.
if the newbie is greedy and always think too highly of their own capability even trading spot they still can caught off guard and become broke.
its all about mindset on how to better trades, future is advantegous, eventually people who trade spot gonna try future to maximize profit or get that chance of multiplying the profit.
you get advantage of profit at the cost of risk while in spot you get advantage of safety at the cost of time.
thats why knowing the basic first is always recommended, like you said, before venturing into future trading, try to understand it first.