There's a real big emphasis on the "you need balls" part of that list. That's a huge gamble right now, though long term, the odds could be in your favor...
Just make sure you're comfortable with losing $1000
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For sure there is, but the point is, long term the odds ARE in your favour. Look at it this way.
Let's say there is a 50% chance that BTC goes to 20k in the next couple of years without dropping low enough to liquidate our position. So we have a 1 in 2 chance of making 49k, and a 1 in 2 chance of losing 1k. If we could repeat this scenario over and over again, (which of course we can't,) you would see that in the long run our gains would far outweigh our losses, by 49 fold in fact. You don't see this risk reward ration very often in trading... It's a fucking no-brainer. Yes ofc you can and maybe should trade with less leverage, but my point remains the same- assuming there is a half-half chance BTC either dies or shoots up again, you are worth taking the risk of losing 1k to make 50k.
I mean fuck... people go to the casino and play with 1k in the hope of winning merely 1k more...