Trading Crypto with leverage is absolutely my favorite past time.
Thanks to my buddy Rich I now have some cheat codes. "Up, Up, Down, Down, Left, Right, Left, Right, B, A and Start! Only my old time gamer friends will get that.
Join Me on Bitmex.
Trade at your own risk! I never trade at more than 10X leverage. Bitcoin is way to volatile and you can get liquidated quite easily at higher rates.
Chart Your Trades with Coinigy.
I'm totally agree "It is gaming for adults who like to play for real money" plus a game where adults are searching freedom in their lives
And you can play it while playing video games if you want. DOUBLE WIN! haha
I wish i could but i m not financially capable
I'm off Bitcoin for a while, in my view, there is way more potential for alt-coins to go through the roof since they have not had as much money flood into them yet. Also, raising Bitcoin prices brings attention to the other alts anyway :) Thank you for the post, upvoted.
Bitcoin moves 5% at 10x I make .5 BTC. Alts do well also. I do both.
Well, actually I buy Bitcoin when it dips to get that profit when it goes back up, but thats about it! Haha & Yes that is a good idea!
So do you short BTC? still learning about the terminology and strategy.
It's way better than a game in my opinion. By playing a game you don't get rich, unless you are professional. With cryptos you can make savage cash if you know how to play!
It is a total blast. I used to love going to the casino where the house has the edge. When I trade the edge depends on my skills. As I get better with charting and trading I improve my odds greatly. I bet I lose less than 20% of the time now.
you can read charts, you can analyze news but in the end there is always some odds that it goes in completely other directions then you would thought.
Win 8 lose 2 is expected.
I don't know how to read charts, and I have no idea what leveraging means, but I'm having some small successes on buying low and selling high. I do a lot of reading online about what alt coins to invest in, and also pay attention to the Top 20 on CoinMarketCap.
Konami-son.
It turns out that there are no adults. Grown children continue to play... ) Thank you dear @hilarski! Enjoyed!
Dam straight!
Except it hurts a lot more when you lose........
It does, but when you win 8 of 10 trades it sure makes the pain go away quickly.
A quite interesting game and I'm curious to try it out to see 1 on 1 what this is about! I will catch up with you with my true opinion on this topic!! Nice post, upvoted!
I really want to but I have so much fear about trading, it's all so confusing. Of course I have very little to invest to start with anyway so I suppose little to lose!
Treat it like a game and start very small.
That's a good way to look at it. I'll take your advice. I'm starting to make a little on Steemit. I'll take some SBDs and experiment with trading soon.
Yes, margin trading is better than every drug I've ever tried! Although it sucks when your trades are down, but since bitcoin is constantly moving, so do the alts. Gets easier as one gains more experience. I've lost plenty, but it usually doesn't take me long to make it back. Plus, every time there is a lesson to be learned. Great post!
I am buried right now because I tried to short this rise but I am steady as she goes. At 10X I have plenty of room to wait it out and wait for the correction.
I try to be real careful with my shorts now, back in May I lost .6 BTC on XRP because I left a short open overnight. I felt so traumatized, I actually started having nightmares about it afterwards lol! Now I don't EVER go to sleep with a big short position open, (If I want to sleep) anymore!
A pretty good analogy for traders. It is like you are playing a game. You need to have quick reactions and respond quickly to any dips and market news. You can either win the game or you can lose. However you have unlimited lives (unless you go bust haha)
This is really cool stuff from BitMex, and I like what I see in the team that started this. Leveraged trading even at 100X can be managed properly. It's all about your trade size relative to your account size. I would kill to be able to trade at 100X, but you are correct ..... "Trade at your own risk!"
A dangerous game indeed. Used to play it, not anymore. I hodl like a child holds his blanket. That came out so Fergie like hahaha
Unlimited Satoshi's cheat activated.
Know any sites like this that allow people from the USA? :D
i stopped leverage, too risky for me :(
Cryptos have huge swings already. No need to leverage it! LOL :P
You are absolutely correct! Now crypto becomes a game like betting platform! If we got the correct horse (crypto) we will earn huge... I mean huge :D
Anyway I didn't know about BitMex, I will give a try too! Thanks for sharing such useful tips with us! Appreciate your effort!@hilarski,
(My voting power is still regenerating, therefore please allow me three more days to provide 100% upvotes for your posts)
Cheers~
amigo #resteemia at your service
'yes it's definitely a game' a game can make millionaires or beggers in a single night. nice post @hilarski
ReSteemia
'UpVote ReSteem Comment'
@hilarski - Sire, a pretty cool post. Yes, crypto is an adult game, but we have you Sire. So, we are not afraid Sire. Therefore, I wish to ReSteem your post Sire.
+W+ [UpVoted & ReSteemed]
I agree. Most of people need to see the great potential of cryptos.
Right now I will stay with Steem.
good to know that i am a pro now hell yeah :D
It's really hard to figure out when there is a 'pump and dump' scheme going. I've lost a lot jumping on the rise of a coin only to find out it was a fugazi
Where/how do you access leverage @hilarski? I'm on Bittrex and HitBTC and am not seeing any marketplace for leverage. If I recall correctly, Poloniex may have had this available before they got weird and I left.
seems very dangerous to me :)
Not a bad idea.