Post
Topic
Board Bitcoin Discussion
Topic OP
Struggling with market volatility?
by
Ikem22
on 12/08/2024, 14:11:41 UTC
Imagine you’re riding a strong BTCUSDT long position, but suddenly the market takes a dip. Your margin starts looking shaky, and you’re facing a potential liquidation. You’re not keen on selling your ETH just to cover this, especially since it’s part of your long-term strategy.

Here’s where a Loan feature might be useful, Instead of selling your assets in a pinch, you can pledge your ETH to borrow USDT. This way, you can shore up your margin and avoid liquidation, all without touching your existing crypto holdings.

The beauty of this feature is that you get to keep your crypto and still access liquidity. You can use the borrowed USDT to secure your position or even explore other opportunities on the platform. When the market recovers, you simply repay the loan and interest.

It’s a practical solution for those unexpected moments when you need to act fast but don’t want to disrupt your long-term plans. It’s crazy that I just only found this out ahahaha on bingx , right informations sure makes a man journey quicker, easier and sweeter. This strategy has proven to be a useful tool for managing my positions during volatile periods. DYOR

Have any of you tried using this Loan feature? Which CEX has the best offer?