Know that leverage trading is highly risky. This is not about leverage trading though, but about using leverage as an investment. Be it trading or investment using leverage, it is highly risky. The more the leverage, the more would be the risk.

I remember in 2020, I knew bitcoin would hit at least $30000, but surprisingly it goes above. When bitcoin got to $20000, I opened a long position from 50 to 125x using BTC/USDT perpetual future and all got liquidated as bitcoin price fall slightly most of the time before it continues its bull market. Leverage trading can be profitable but not advisable because it is highly risky and can turn a rich man to a poor man in minutes, hours or days.

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In future trading, I can open a perpetual position using leverage, because it is not a week, a month or quarterly, this type of position opened do not close at any specific date. It has been the best I can use during bull run. Quarterly is not also bad, but I prefer perpetual which most traders are using.

The problem is that it is not good to leave your coin on exchanges, the best and safe place your coin can be are on wallets, noncustodial wallet to be specific, which you can hold and protect its private key.

During bull run, some people may decide to leverage their coins and go on like 2x which is still safe to some people in a way bitcoin can still not get to liquidation price or the chance to get to liquidation price is still low. You can not hold 2x on a wallet, you have to leave your coins on exchanges and this may be up to a year or more that you want to hold your coins using like 2x leverage. What ways can use maximally protect your coins if you are a leverage holder?


This question is funny though, but just want to see the opinions of others about this. Or someone should not hold using leverage because of the reason of risks of going for leverage trading for maximising profit?

The best currency pair I have used are coins that are not highly volatile, the less volatile ones like bitcoin are the best for me. Some of the strategies I have used:

Using low leverage like 0.5x and going maximum at 3x margin ratio
Trying all possible means to take away emotions while trading, although very difficult at times but it is worth it for professional traders
Never looking for ways to earn what I can not lose
Newbie readers should not use more than an amount they can not afford to lose
Searching more online about the do and don't of trading to see if to gain more knowledge about trading
I use indicators, they can fail at times, but they give good analyses
Manage your risk
Looking for better ways to still maximum profit if indicators fail

DCA is not a trading strategy, it is not even related to trading at all. DCA is an investment strategy. Trading and investment are not the same or related, they are like a word and an opposite.

Just use one of the trustworthy exchanges like Binance, OKX, Huobi global or any other and you are good to trade without any technical error or shady means an exchange can use to scam you. Limit order is what it is defined as and not any other thing, it works as it is explained. This is money, it had to work like that if an exchange wants to maintain good reputation. But things can be different on shady exchanges, avoid such exchanges. Limit order works perfectly as expected.

It is true that bitcoin transactions do not fail like bank transactions or while making use of payment gateway like MasterCard and Visa card. I have faced errors before, many times. There was even one product that I ordered on online mall in my country, the transaction was cancelled and gave me error but the money was deducted from my bank account, it was a very bad experience for me. Bitcoin is better and that is not debatable at all because fiat error transaction makes bitcoin to be superior, but with all these error in fiat, people can not still do without fiat, the government will make sure that their citizens are making use of fiat as a legal tender. If I should rate both fiat and bitcoin transaction, bitcoin is better, I prefer bitcoin 10 minute confirmation than fiat transaction error.

All what we have noticed is that bitcoin did not go further down as expected, neither is the price increasing above $20000, but getting to $20000 is more becoming impossible. The support has been at $19000 for quite long now. Anytime it goes further below $19000, it is increasing back to $19000 again. This has happened often in October, this makes the price of bitcoin not to be that volatile in October. I am thinking this will lead to a bear market that may be followed by a massive bull market in the coming months.

I hope Arsenal will continue to make progress this season as the club is meeting Southampton in an away match today. According to what I checked, Southampton is not good very well since the beginning of this season, the club is worse at home too, making Arsenal to have have more probability to win this match.

Recent weeks are been quite busy for me and I was unable to make much analyses on recent football matches so I did not noticed this until you have said it now, although some people would have previously said it on this thread before the start of the match. Had it been I have known, I would have risked going for draw. I am now surprised that the last 4 matches played by Chelsea versus Manchester United are all draw.

Exchanges has nothing to do with you money than the transaction fee that is deducted. You set bitcoin order limit to fill at $19100, once the price of bitcoin got to $19100 or higher is only when the order would be filled. People that set the price of bitcoin to sell at $19100 are the ones that you will buy from as the order filled automatically.

That is also true, if he set order limit to a higher price, the order would be filled immediately at the market order price. I explained if the price is at lower price above for him to understand more about how limit order works.

But C. Ronaldo would have been dropped because of the manager to use fresh players, C. Ronaldo is getting old in sport already and new players are needed for his job. Chelsea versus Manchester United is a match no one can know who to win, but it would be fun to watch the match.

We do not have to doubt that at all, Manchester City winning today is going to be black and blue and of no flaw. Manchester City has neither draw or lose at home this season, they play strong and understand their home very well.

Fiat and crypto are different. What do happen about fiat are people that steal in the bank, many of this in the past but banks are able to immediately continue to provide banking services with their customers and no customers money is not intact on their account, unlike exchanges. Exchanges can not be compared with banks. Banks are far better to protect customers money, unlike exchanges.

Binance is often the lip of many not because it is secure, I think it is good in marketing itself and also making a lot of convenience and good services that could convince people to use the exchange. There are many exchanges that have not been hacked before, even Binance was hacked like you also said. No exchanges can be said to be secure enough.

We should not compare crypto with anything related to fiat which can easily be tracked online.

There are still ways to leave just little amount on exchanges that you can trade with. If traders can not withdraw all their money because of trading, they can still reduce the trading amount and leverage the remaining as I have explained in my previous post.

Yes, about the apprentice, the boss has nothing to do with the money. It is ignorance and if he gave the boss, he is foolish. He should not give the boss anything.

About the first one that you talked about, the girl friend can know her money lost without her boyfriend told her and that only his boyfriend has access to steal the money. We do not know what actually happened though as the whole story is not included and may not even be known or become known to the  public.

I hope anyone will not be a victim of this type of convincing but deceiving means of scamming people. It is even double scam and can even be triple. First is the money paid for providing signals. Second is the money paid for insurance in percentage of the amount to be used for trading. This is what we know yet. The third can be in form of total scam, in a way the whole $1000 he used in the OP can be demanded for in a way they will be helping the victim to trade, which means the their scam can be the collection of the total trading money. I hope only foolish people can be scammed this way.

Napoli has tried many seasons in the past, but just that luck is not on their side, especially when Juventus was very hot and its players playing very good. During those seasons, Napoli did play good and being on the first position, but Juventus later would win the league title. At least if not happen often, I have known like two seasons like that. It would be good if Napoli can start good and maintain it, this season has be started good, I believe Atlanta can not maintain continues perfect performance too, although it is still too young for us to predict what this season will end up being.

All I know is that we should stay as private as much as we can be. If possible that people will not know that you won so big, it is better that way, but there are instances that these people will surely know, especially in Nigeria that people are using betting agent to bet. If possible they know, we just have to be very careful. Sometimes, we may want to be private, but before we know, we already see what we do not expect on news, such as these type of big winning. There are some people that won big like this in the past that are leaving okay now, but by been careful too. Even if you do not disclose this at times, there is no way you can hide to people that you have become rich, the richness will later show itself in you that people can see, but it is better that way.

He stole from his girlfriend, he should at least give her an amount of money that is worth it, given her back just 10000 naira does not worth it at all. Giving her 1 to 5 million naira is not a bad idea.

About the boss, I will not answer. What kind of apprentice? If he loses the money, will the boss give him anything in return? I will never give the boss anything but just little amount if I appreciate him as a boss.

Coinbase Pro has been changed to Advanced Trade and every Coinbase Pro users should transfer their coins to Advanced Trade, if not it would be automatically done by Coinbase after 9th of November.

You can not leverage on Coinbase, this has been cancelled like 2 or 3 years ago.

If you want to leverage, there are good exchanges for it. I use Binance, OKX and Huobi global for derivative trading. If you are from US, you will not be able to make use of derivative trading because their regulators against it.

If you win such big amount of money, the best is to quite gambling, or be determined and never spend more money in gambling. You can use $50000 to establish a business which can bring you more money. Know that gambling is not for making money, it was just an opportunity, and the opportunity may not be more than once as this kind of opportunity can be just once in lifetime, best to grab it by using the money for investment and businesses and just gamble with very low amount of money as usual for you not to go from rich to broke again.

Serious! He only want to scam people, just like those high yield return scam. If you are not a trader or know the basics, do not worry, other traders would reply soon and see the nonsense he has been posting. He is a newbie trader that knows nothing yet and claiming he is good, talking about 50 to 100x leverage for altcoins while volatile than bitcoin.

Let me make bitcoin liquidation price for you for 100x leverage at $20000

If you go long, the liquidation price is $19800.
If you go short, the liquidation price is $20200.

If talking about altcoins, see how dangerous it is. People should avoid him, he only wants to scam and he knows nothing about trading, he is a gambler.

Worst trading advice I have ever known. Advice that would lead to often trading fund liquidation.

Bitcoin is enough for traders that trade derivatives in future market. My worst regret in trading was that I traded altcoins.

Good traders successfully trade bitcoin and make profit from it very well.

Bad advice. Use low leverage like 1x for altcoins because they move with high volatility, also can be the loss which is most likely.

You are trading with bad mindset. Trading is not about max profit because it can lead to max loss. Trading is about profit and able to have a net profit if compared to loss.

This is how gambling sites are, the proper thing to do is to make sure anyone that register completed KYC before they can be able to make use of the gambling site, but all the gambling site will let you deposit, if you win, they ask for KYC. It is just a way that favours gambling site but not the gamblers. This is pertaining to gambling sites that legally registered and have a license, but the governments are unable to mandate the gambling site to let all people that want to use the gambling site to do KYC before gambling, they failed to protect their people from this. That is just the truth.

I think this depends on the trader.

Day traders will prefer to just use stable coins with fast confirmation, trade it with unstable coin for day trading and change it back to stable coin for withdrawal. But this could be annoying to traders to withdraw often like this when they make profit, but one of the best decisions to make.

Swing traders will prefer both stable coins and unstable coins like bitcoin. Because they do not trade often, they do not leave their coins on exchanges at all, they convert from stable coins to unstable coin like bitcoin when they believe the price will increase, sending the unstable coin to their noncustodial wallet. When they think price will drop and after making profit, they send the bitcoin back to the exchange to exchange it to a stable coin. They use fee that is enough for the transaction to be successful as fast as possible because they make transaction not often.