Quote from: Forsyth Jones on March 27, 2025, 06:27:13 PM

Quote from: philipma1957 on March 27, 2025, 05:08:46 PM

It depends

if you have 2 btc or more a 10k swing in price means you lose 20K

hey you had 2 btc at 109k

it is now 86k

you lost. 2 x 23k = 46k

that sucks and is stressful.
...

This volatility is really annoying, but if someone has time to trade and knows how to identify good entry points, they can make a good financial return. Unfortunately, this isn't for everyone and requires a few months of practice.

Another point is that such drops are excellent opportunities to accumulate more Bitcoin, if you didn't buy everything in a single purchase, right? That's why DCA is so attractive because, regardless of a bull run, Bitcoin always corrects at least 0.5 on the Fibonacci (a 50% or 60% correction), which helps keep the average purchase price balanced over time.

Quote from: notocactus on March 27, 2025, 05:37:20 PM

This is still dangerous because you can think that you lose only 100 bucks, but if you continue this greedy bets you will lose many times and sum up your total loss can be very big after a long time. Finally it won't be better than the first example.

I don’t think it's necessary to use high leverage to be consistently profitable in futures trading. It's just a matter of studying technical analysis, chart patterns, following the market (depending on your availability, this can be a difficult talk) and operate with low leverage with around 1 - 3% of the total bankroll.

However, if you want to have fun and feel a bit of adrenaline, high leverage becomes appealing, and it's really exciting when the price goes in your favor.

yeah I could see doing 100 on a 1000 to 1 shot on my birthday. I could lose 100 a year betting on my birthday for the rest of my life .