Bitcoin leverage Trading

[BitHodler]

0.2%, maybe few cents, price move in wrong way and you loose all. Undue risk.

That directly reminds me of newbies having used the 100x leverage feature on BitMEX for the first ever time. Some of them call BitMEX a scam because their entire position has been liquidated, which is pathetic.

It only points out how people don't know what they are doing. Anyone with brains never touches 100x leverage unless someone is out for a gamble and accepts the possibility of losing the initial trade value.

In this volatile market 100x leverage literally means that you can be wiped out a second after opening that position. Noobs will only learn to understand how leverage works after losing, and from there possibly never touch it again.

[flying_bit]

What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

This is high risk and can make you end up with nothing and much worse "bankrupt".. Leverage trading is like being a high rollers in casino and borrowing money from sharks in the hope of winning bigger and thus making you in deep shit and so much trouble.
I personally againts leverage trading. Trading alone is already high risk and that's enough for me. I know many people ending up with nothing doing marginal trading and I don't like that to happen to me.

[metribitcoin]

Are you sure there are any broker offer 500 x leverage? I will loss everything when use it. With high fluctiacion of crypto, the maximum leverage should be to use is 10 times and not more. I used broker of FX Open and they offer 3 times leverage, we should becarefull when trade margin trading and should be first try it in demo account to know the potential profit and the level of risk.

[wayaneka]

Not possible to make profit consistently in margin trading by use leverage 500x, even the most expert trader in the world. In my opinion the highest leverage for margin trading for crypto is 5x to 10x. If use more higher leverage than that is mean we are not doing trading but betting. Dont touch margin trading if you are beginner trader because probability to make profit just about 20% and loss 80%.

[ufaiz50]

I have tried the leverage trading system on forex, this is a high risk if you try it on cryptocurrency, let alone bitcoin fluctuations where value changes can occur in seconds, I recommend trading normally without this system, 500x is quite crazy and this is gambling.

[sedahan13]

Use 500x leverage in trading is dangerous in crypto asset because the volatility of crypto asset is more high than others asset. 500x leverage is good to use for forex pair because forex market has lower fluctuacion. The good leverage to use for margin crypto trading is 3x. You will never make profit if use 500x leverage in crypto.

[TradingIsBreath]

Hello, bitcoin community! I would like to share a link to an article about biggest leverage rates that bitcoin (and others as well) can have right now in the market https://www.cryptocointrade.com/trading-blog/where-can-i-trade-crypto-with-the-highest-leverage/. What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

Leverage is very good to read and to know but, when we are actually trading one will understand the double sided sword behavior of leverage trading. I also prefer cross trading on Bitmex.

[Benebit]

500x is not an avenue I would dare to try.  I am a fan of margin trading however, and similar to Bitmex there is a new crypto trading platform that also offers up to 100x on bitcoin called PrimeXBT.  The leverage applies to all cryptos available on the platform, and they only list the most popular assets (btc, ltc, eth, xrp, eos & bch).  This is surely due to the fact they've been around long enough to somewhat predict market trends and conduct technical analysis, as opposed to the more obscure and less well known/new coins.  For sure you need to know what you're doing if you go down the road of high leverage.  As mentioned a few times in this thread already, start small (2-5x) if you're a beginner, because those multiplied profits have the potential to turn into multiplied losses...  for this reason also ensure you trade on a platform that provides stop-loss and limit orders etc. to manage your risk vs reward and predetermine when you want to liquidate so you don't lose your entire initial investment - causing a margin call (more on this here if you're interested: https://medium.com/primexbt/how-to-calculate-proper-leverage-and-margin-call-price-on-the-primexbt-platform-c0c244048543). 

[rebrik7]

500x is not an avenue I would dare to try.  I am a fan of margin trading however, and similar to Bitmex there is a new crypto trading platform that also offers up to 100x on bitcoin called PrimeXBT.  The leverage applies to all cryptos available on the platform, and they only list the most popular assets (btc, ltc, eth, xrp, eos & bch).  This is surely due to the fact they've been around long enough to somewhat predict market trends and conduct technical analysis, as opposed to the more obscure and less well known/new coins.  For sure you need to know what you're doing if you go down the road of high leverage.  As mentioned a few times in this thread already, start small (2-5x) if you're a beginner, because those multiplied profits have the potential to turn into multiplied losses...  for this reason also ensure you trade on a platform that provides stop-loss and limit orders etc. to manage your risk vs reward and predetermine when you want to liquidate so you don't lose your entire initial investment - causing a margin call (more on this here if you're interested: https://medium.com/primexbt/how-to-calculate-proper-leverage-and-margin-call-price-on-the-primexbt-platform-c0c244048543). 

This topic has already been discussed. If I remember correctly, then the majority came to the conclusion that trader should be a complete psychopath to trade with a leverage of 500x.

[enawati]

In this situation of crypto market which Bitcoin and others crypto seem oversold is better trade on spot market, because its will be more safe than leverage trading. With high fluctuacion can be we get more profit in leverage trading but the risk will be double as well. So dont use leverage for crypto asset because we have smaller chance make profit than spot trading. Leverage trading is more safe in forex pair because forex has lower fluctuacion.

[CoinChili]

What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

I would never touch this thing ever again. It is too risky and by the looks of it, it is being manipulated to liquidate you in the end. Hope I am wrong for someone elses trading.

You have a point here, buddy. 500x leverage is too much risky and we'll never know if they can easily manipulate your trades and liquidate you at the end. Honestly, using 50x-100x leverage is too risky for me. So, how come that rate?

Anyway, I've bookmarked the link you've provided. Seems that it contained more detailed information and guides on how to do margin trading.

[Greed Dev]

Hello, bitcoin community! I would like to share a link to an article about biggest leverage rates that bitcoin (and others as well) can have right now in the market https://www.cryptocointrade.com/trading-blog/where-can-i-trade-crypto-with-the-highest-leverage/. What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

I know this type of transaction and it is especially risky. This is really a game of chance and it is not an investment. You should not try your luck with big money, sharks will be ready to manipulate the value of a coin to make you lose and lose money. Only invest in small amounts, under $ 200.

[playboy654]

I think leverage trading are in under estimated situation because a lots of people still do not use this type of trading method but that will be risky things also happened that's why resistor underrated trading method and it need to be more clarity and improvement then only people will choose this type of way to trade.

[akram143]

I don't have lots of connection with this type of trading method and the knowledge of me about this type was very low because cannot some people don't doing this type of method that's why I also don't know how to do it but when seeing this probably the chances of success is also here to trade the statement method.

[Apened]

Hello, bitcoin community! I would like to share a link to an article about biggest leverage rates that bitcoin (and others as well) can have right now in the market https://www.cryptocointrade.com/trading-blog/where-can-i-trade-crypto-with-the-highest-leverage/. What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

Nahh. That was a crazy leverage system. I can't even imagine how much $ difference from out entry price would be the allowance for us to be liquidated. That system is made for the greed traders who doesn't know how to set and use the right amount of multiplier before such adjusting to the maximum.