Crypto-trading thread

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bmks270
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In reply to jamey • 7:35a
AG
jamey said:


Aren't 10% drops pretty tame for Bitcoin?

How did leveraged traders all get wiped by this?

How much leverage are Bitcoin and crypto traders using? 10x?
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jamey
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In reply to bmks270 • 11:02a
AG
Tom Lee speaks to some of your questions here

I don't personally deal with leverage in any way. Sounds like pure gambling, like parlays squared


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bmks270
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In reply to jamey • 11:49a
AG
20-50x leveraged crypto derivatives, yikes!

I hope that those liquidated weren't all in on these leveraged products.
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Yukon Cornelius
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In reply to bmks270 • 12:09p
AG
A lot of stuff will give you up to 100x leverage.
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jamey
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In reply to bmks270 • 12:09p
AG
bmks270 said:
20-50x leveraged crypto derivatives, yikes!

I hope that those liquidated weren't all in on these leveraged products.


Another guy i watched just said there's people doing 100x and even 500x

He said he personally keeps it mostly in tge 3x to 7x range.

Crypto at 1x is pretty crazy as it is
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