What does leverage up 20x on bitcoin mean?

I understand what plain simple buying bitcoins means, but what's leverage?

edit

I looked it up in the dictionary, which said

Investing with borrowed money as a way to amplify potential gains (at the risk of greater losses)

Is that all it means, buying bitcoins with borrowed money?

this battle at $300 reminds me very much of the battle at $3. was the same sentiment, the final border etc, if it gets breached all is lost, and of course it did get breached, and went to $2.22 and many things happened after that...

but my point being - now looking back at that month it seems like we were kids playing in a sandbox. $2 $3 who the hell cares should've just bought you MORONS.

1. He wanted to make the price tank and buy coins at a cheaper rate = profit.
2. Was simply cashing out 30k coins.
3. Robin hood of BTC.

There's this thing called "personal preference" and not everyone is going to go for the "hotter" one.

So this is my interpretation of recent events.

It seems obvious that most trading happens outside exchanges, given the actual transfers on the blockchain vs the volume on exchanges. Likewise that most weak hands were gone months ago. So what happened was that someone with a lot of money pushed the price down on exchanges and bought back outside of them. This would result in an increasing number of coins at little to no expense. This theory is reinforced by the fact that the top 100 btc addresses is increasing over time.

With the price approaching both psychological limits (previous ATH) and the cost of actually producing a coin in electricity, this had to stop eventually. But market sentiment was bad due to the ever-decreasing price so something was needed to regain confidence in the market. That's what the huge wall on stamp that got eaten in hours was for. Whoever was dumping the price is the same person or group who put up the wall, and who bought back the majority of it. The entire point of that exercise was to give the idea that there was huge demand that had just been waiting for the right time. The costs involved were likely to be insignificant in the grand scheme, and in any case necessary. The cost of doing business.

The next step is to slowly pump the price, making it look organic, until momentum eventually takes over and others pump the price to the next ATH.

It's up from here.

My daughter

Woah, calm down buddy,  I wasn't commenting on your picture.  I was making a comment about dafar's comment, I assumed he was a man and he gave you a high rating.
It was a joke, don't take it personally.

I posted you the link yesterday that showed all the early adopters are accumulating....our aggregate balance just keeps increasing.

You think one "whale" dumping 30k is the sky falling. Lol. I was ecstatic the entire day yesterday. Like a kid on Xmas morning opening my presents as I scooped up deals bit by bit.  

I know your type from watching the last three spikes....if you are able to hold out until the next peak (and that's a big "if") you will be the first one screaming from the rooftops about what a genius investor you were and how your faith in bitcoin never faltered....remember today, the day that you were a sad sack of shit that thought he was down $15k.

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...

Aren't you the person who was gonna lie to their dad about the use to which you were going to put a million dollar loan? Put it into bitcoin instead?

Dont risk more than you are willing to set on fire and watch burn.  This is advice for ANY AND ALL trading whether it be in crypto, forex, or the stock exchange.

Were you forced to sell right now?

Actually quite the opposite is true... the top 500 addresses have been accumulating the entire time.

I am confident that there will be a reversal because nothing has changed. They try to scare you that something did you just don't know, but I prefer to trust the known facts. Known fact - everything is fine, bitcoin works perfectly, paypal started accepting it, and someone is so shitlessly scared of bitcoin that he invested alot of money to try and bring it's price down. So I use what I know - he does not have endless coins to do this, sooner or later he will run out, then there will be a recovery.

My advice - buy what you can, move off exchanges immediately in case it turns out the coins were "imaginary" - yes, exchanges can do that.

they still haven't cracked the protocol.

what's all the fuss?

This is quite obvious now that it is a coordinated attack; somebody is deliberately selling through all support levels supported by jumping monkeys spreading doom and gloom.  I don't like conspiracies, but if we'll ever learn the truth I'm sure it will be fascinating. Meanwhile, buying all I can off that attacker, thanks anon.

I got into Bitcoin June 2011.

Thank you