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RE: Leverage Trading - 1 Bitcoin Can Be Traded For 100 Bitcoins !

in #bitcoin6 years ago

Very interesting post, so thank you!
The only thing I dont understand...how do you open a confirmed trade?
Is it like you open the webpage and this is the moment where the bitcoin has to be higher oder lower or is it like you can open the trade after a week or a month and then you'll know if you have earned or lost some money?

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@the5kyliner its very simple . Once you open a trade for example $6500 is your entry point and now you decided to long bitcoin and invested 1 bitcoin with 10 x leverage .
So now if bitcoin price increased by $100 and went to $6600 then or later you can decide if you want to close your trade now or not . If yes, then you made $100 x 10 = $1000 profit on that trade .

I hope this made it clear to you :)