Alot of liquidations have happened in the last 24 to 48 hours though to sharp drop in the price of Bitcoin and other coins, those trading futures markets I mean the one gambling with the price of cryptocurrency we all know is based on luck but yes it happened most times and frequently trading positions get liquidated.
But the one that caught my attention the most is when an exchange users wrote a poetic statement about the bad side of trading but ye, from the screenshot he shared he shown an x25 position which to me and every other crypto traders is never going to work.
I think futures trading is very risky, yet here it is mentioned 25x leverage which makes it very risky because 25x leverage is very high where high risk is involved. I have never participated in futures trading because I think futures trading is very risky which is why I chose spot trading to start trading. If I can gain good skills in spot trading, then I can decide to do futures trading later. If I decide, I will definitely use 1% to maximum 5% leverage. I will never use more leverage because I never want to put my money at risk or at maximum risk.
I agreed with you that that leverage of 25x is somewhat risky but then at that time I made a lot of profits I opened the position with $50 and when the market shifted in the market favor I was able to make around $12 profits which I close the position immediately to take profits in other not to lose that along the way.
Between we have to take risks sometimes in other to keep control of our profits merging when that comes around.