There is no easy money in this world.
I personally would avoid it. Just look at Birmingham City council putting all there savings with a Bank of Island in 2007 and losing it all after GFC . They also where paying somewhere around 11% . It's a trap and Michael Saylor is sharlatan. Sooner or later it will implode
@Trader_XO XPL is the only one that got me . I didn't put that much in it anyway not millions like 99% on CT judging by there account sizes . It was not leveraged and I thought it would go to 1.50 . Now it's a waiting game if it goes to zero so be it .
Look you get margin called because you are leverage trading then it's the exchange that stopped you out and profited from your loss . However generally not always exchanges tend to open counter positions to yours to minimise risk .
If you are buying spot then there is no liquidation price until you hit sell at that point you take the loss and some one has to buy your position of you which means that you have lost that money
@JasonBassler1 Out of all people I have more faith in Elon. He is not perfect, but compared to others I would rather have him owning the wealth. Also it's no coincidence that Elon is richest person in the world. No other human in this world could achieve what he has done
It seems every second one on CT has lost millions worth of wealth. I am a little perplexed by this there is no way on earth I personally would have that much money in Crypto even stocks seems risky . Add leverage and you are asking for trouble honestly who ever got liquidated have dug there own grave
Well well well my gut feeling saved me ,currently we are at 112 area. I still think it goes lower . Generally speaking market tends to visit or fill this wicks which currently sits around 100k area and I think we will go there soon .
This latest PA on BTC has me confused we either bounce 117.500 and continue higher or we go back 112k and I am thinking of ultimatly 96k.
It just seems really strange to go where it did and not break the low and sweep the highs.
It doesn't make sense for BTC to go lower then 112k tbh with all the etf inflows , but if it does it will fuck so many people