Struggling with market volatility?

[Ikem22]

Imagine you’re riding a strong BTCUSDT long position, but suddenly the market takes a dip. Your margin starts looking shaky, and you’re facing a potential liquidation. You’re not keen on selling your ETH just to cover this, especially since it’s part of your long-term strategy.

Here’s where a Loan feature might be useful, Instead of selling your assets in a pinch, you can pledge your ETH to borrow USDT. This way, you can shore up your margin and avoid liquidation, all without touching your existing crypto holdings.

The beauty of this feature is that you get to keep your crypto and still access liquidity. You can use the borrowed USDT to secure your position or even explore other opportunities on the platform. When the market recovers, you simply repay the loan and interest.

It’s a practical solution for those unexpected moments when you need to act fast but don’t want to disrupt your long-term plans. It’s crazy that I just only found this out ahahaha on bingx , right informations sure makes a man journey quicker, easier and sweeter. This strategy has proven to be a useful tool for managing my positions during volatile periods. DYOR

Have any of you tried using this Loan feature? Which CEX has the best offer?

[Faisal2202]

It’s a practical solution for those unexpected moments when you need to act fast but don’t want to disrupt your long-term plans. It’s crazy that I just only found this out ahahaha on bingx , right informations sure makes a man journey quicker, easier and sweeter. This strategy has proven to be a useful tool for managing my positions during volatile periods. DYOR

Have any of you tried using this Loan feature? Which CEX has the best offer?

It is indeed a good strategy but things can get worse if the market doesn't recover for a long time and you come to meet the deadline for your repayment of loan+interest. What will you do then, it's 100% true that BTC will recover after a dump but it's not sure after how many dumps and how much time. What if you think after 1 dump that BTC will recover and take a loan to add more liquidity, but the market dumps more, and now to save the funds you will take more loans and the market is not going in your predicted direction again?

You get liquidated and now you have lost all the funds and have to pay interest+loan. You are rekt now so it's preferred to avoid loans for future trading and my rule is to avoid future trading in the first place.

[BitMaxz]

I never tried to get a loan on the CEX exchange, Binance and OKX also offer loans I just don't hold many assets on exchanges it's pretty risky. If you are planning to hold asset exchanges is not a good place to hold your crypto.

However, your strategy might be good if you know the price will recover but if it does not, the result might become worse I read the terms, and it is partial liquidation why not just exchange a small amount of your ETH to USDT since you can use the higher leverage on futures with a margin of $10USDT you can make it $1000 as 100x leverage it is likely the same as you get a loan?

You better learn how to use stop-loss in future trading it's risky if you keep holding a position in futures you better learn risk management so that you can avoid losing much when the market is not going to what you expect.

[Oilacris]

I never tried to get a loan on the CEX exchange, Binance and OKX also offer loans I just don't hold many assets on exchanges it's pretty risky. If you are planning to hold asset exchanges is not a good place to hold your crypto.

However, your strategy might be good if you know the price will recover but if it does not, the result might become worse I read the terms, and it is partial liquidation why not just exchange a small amount of your ETH to USDT since you can use the higher leverage on futures with a margin of $10USDT you can make it $1000 as 100x leverage it is likely the same as you get a loan?

You better learn how to use stop-loss in future trading it's risky if you keep holding a position in futures you better learn risk management so that you can avoid losing much when the market is not going to what you expect.

A very considerable kind of suggestion or recommendation when it comes about risks handling dealing up with CEX platforms. Although these things might really be that good looking or
something that everyone is really that dealing into something but when it comes to long term aspect then it wouldnt really be always recommended on storing up funds into CEX
on which we know that they could really be that anytime get fucked and ending up on having those issues on which it would really be causing up for your funds to have that being locked or would really
be that gone. If you are really that prepared for such condition then its up into you on having this kind of set up but if not then it wouldnt be ideal on making up such step.
Taking up some loans is never been that a good thing in this case specially on crypto investment or whatever purpose you would really be taking as long it do involves crypto
on which we know that price couldnt really be that predictable every since and if you are really that depending into the income or profit it would make then it would really be just that suicide.