Why do you guys try to find altcoins that'll pump, rather than just trading bitcoin with leverage...

Why do you guys try to find altcoins that'll pump, rather than just trading bitcoin with leverage? A shitcoin doubling vs bitcoin going up 10% leveraged 10x.

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I want adoption not a gambling fix.

How are you supposed to know when it goes down or up?

Then why are people trading gazillions of altcoins rather than just holding and using bitcoin?

Isn't that the same with altcoins?

Yes, it's the same, but you didn't consider fees.
You pay fees for every day.
If you're pretty damn sure your coin will go up soon, maybe you can try.
If it crabs for 2 weeks and you're 10x... i don't know.

The price is manipulated by whales it cannot be predicted when they dump. Trading is a non starter tried it on Binance for a day gains were mysteriously eaten by fees. I think it's all manipulated even the price.

That's if you're borrowing crypto rather than trading futures. You'll pay fees on the notional value on execution, but they're usually pretty damn low. No daily fees. You won't be able to trade random shitcoins with futures though as you need a hard to manipulate index, but bitcoin, sure.

I,m considering 1/2 BTC on 2x leverage.

You can become a legit Milionaire with leveraged Btc if you manage risk. I made 4k, started with 200$. And I lost it all a few hours ago. Feels bad man.

Leverage trading on any crypto, even bitcoin, is inherently too risky. It's too unpredictable, swings too wide.
Leave leverage trading for boomer stocks. Slower but almost risk free.

That's not exactly a success story.
I've never screwed around with the BTC leverage though. How do you set stop losses

It's not too risky. I didn't even have a fucking stop loss. If you trade, you win. If you gamble like me, you lose. There are a ton of triggers orders to save your ass and pretty usual patterns to long.

Check Bitmex docs. It's just a stop limit order. Or stop market if you enjoy to pay fees/predict a massive sell off.

You're really selling this margin trading deal

What was the trade?

This
The USD value of my portfolio was 15% up by the end of 2018. Not bad considering that most of you finished 70%+ down. Shout out to Philakone for his trading videos.

Bitmex stop limits are not reliable if there is the slightest volatility. Currently working on my system and I won't take trades unless a winner can pay commisions on top of the profit target.

You know you can choose your level of leverage, right? Normal trading is 1x, is 1.000001x too risky?

can pay taker commissions*

Kek. I'm being honest. If you only use high leverage on strong uptrends and smart stop losses, it works well. If you start to do bullshit, you get liquidated.

Never had a problem. Deribit may be your preference then. Or primexbt, but their funding rate is absolute shit.

I did all my trades with leverage 100. After pocketing a x10, I longed the xbtm19 without a tight stop loss because I'm retarded. Around 9030, as I was expecting a breakout. It crashed to 8977.

Of the bullish trends goes on, I'll make them back by next week probably. But lesson learnt, never ever use high leverage if the trend is not really heavy and never forget your stop limit/market.

>buy btc 10x leveraged
>btc falls 10% and you get liquidated

>buy alts
>alts go down 90% and you still get 10% of your money back

Yes but you'll never have the same liquidity + potential roi. If Btc, eth, Ltc doubles next month, you could be looking 1000x gains on a single trade.

This Bitmex guy probably has enough money to kill shorts or longs as he pleases now.

and if it falls 10% you'll lose it all
what makes you think those doubling is more likely than falling 10%? whereas if you buy an alt that's been flat until a potential guerrilla-marketing-induced pump, the likelihood of it falling much below your entry point is slim and the upward potential is also limitless

What is a stop loss - 0.5 or - 1%. No liquidation.

Doubling was just an example, I am not expecting that.
And alts dump a fuck load in a single day. - 20% to - 50% is a common occurrence even on high marketcap alts.

If I wanted to leverage gamble I could just trade forex dumbass

>you can become a millionaire
>lost it all few hours ago

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