Bitcoin Forum
November 14, 2024, 07:03:01 AM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Binance increase Leverage!  (Read 242 times)
jostorres
Hero Member
*****
Offline Offline

Activity: 2562
Merit: 586


View Profile
October 20, 2019, 04:43:44 PM
 #21

Binance Futures has increased its maximum leverage to 125x for BTC/USDT contracts and enabled a leverage adjustment function on its web and testnet trading interfaces. Users can now select any leverage between 1x and 125x.

What do you think? they want you to give your BTC to them faster?
This is just a typical way to drain people's pocket faster, because leveraging at 125x is just like setting up a dead trap for ones finances, because any leveraging that is above 20x is typical gambling because it is a transaction of luck now, the trader could be lucky that at the time the leverage was carried out, the market could be in uptrend which is why one need to always put all these things into consideration of we really don’t want to get liquidated faster that we think.

The best leverage to go for is 10x and I don't think binance increasing this leveraging will make them to be more attractive than okex and the rest that are good in leveraging, and to me, this is even more of a selfish thing because of they are really protecting the trader, they should know that it is risky.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!