If people bought at that bottom price of ~9500 they would have gained an extra 1000 from the profit right now. Considering it is near 10700 I can say that it is around 10% profit.
Easy talking right now. In most cases the reality is that most people are afraid to buy dips because they think it will go down more. They might have bought into the run to where the price is right now, which is more likely considering the fact that most people prefer to buy into an increasing market.
I am not even kidding, if someone did 100x leverage for going down and got it right and than did long and got that right too, he would have been well off right now and would probably not have to work again depending on where they live.
Are you living in a fantasy world? Not even the best traders in the world can do that when they try it, and they wouldn't even consider playing around with such insane leverage counts. 100x is pure gambling. One tiny movement and your position is liquidated. Most rational investors and traders with proper risk management generally don't even go over 5x leverage.
Bitmex made gambling become easy for noobs with how they can adjust their leverage with a slider.
