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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 13/11/2024, 13:32:02 UTC
⭐ Merited by JayJuanGee (1)
Oh.. you were betting on longs more than 1:1 because you wanted to get richie faster..

To further elaborate on this, the main point of margin trading for me is that you can get additional bitcoin exposure even if you're balls deep, all-in, with no significant fiat left. If it goes belly up you lose your preciouz, but if it goes well you get paid in btc straight away. In udder words, as someone sez, you get to stack additional sats just because the corn got higher. It's the opposite of cashing out - more akin to cashing in.

Note that it isn't necessary to leverage above 1:1 at all. Even 1:20 leverage will do - say, a 0.05 btc order when you have 1 btc in the trading account. In fact, it's preferable to keep the leverage as low as possible because that limits liquidation risk.

It's the money you can get for leaving your precious in a NYKNYC situation...

I learned my lesson, even if exchanges are much more secure than let's say 2013 ... not gonna pick up pennies in front of a train