Thread: Money Bitcoin Take?
View Single Post
Old 05-24-2021, 03:16 PM   #2959
Fat Elvis Fat Elvis is offline
Sexiest Athlete
 
Fat Elvis's Avatar
 

Join Date: Apr 2001
Casino cash: $-1898075
Quote:
Originally Posted by SAGA45 View Post
What are the downsides to 100x leverage trading and which is the most secure exchange amongst those that offer it?
The downside? If you are on the wrong side of the bet you will lose money 100x faster. So if you spent $429,000 at 100x leverage, you are essenstially buying $42M worth of Bitcoin. At a purchase price of $31,000/bitcoin, a drop in price of $310/bitcoin would completely wipe you out and your position would be liquidated. In short, at 100x leverage, a price drop of 1% would wipe out your money.
Posts: 12,700
Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.Fat Elvis is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote