Is it worth margin trading Bitcoin now?

[TheUltraElite]

Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)

Have you done margin trading before? If not I would not suggest you to start doing it now just because someone out there says they can make a lot of money through it. Trust me, this is how traders get their hands burnt and end up in a loss.

If you are seasoned margin trader, then by all means do so what your intuition says.

My prediction is that bitcoin will crawl to the 19k and then 20k marks just like before. We have a lot of people who bought at these prices during the last pump and they are going to sell. So a dump will happen and it the bulls can handle it with this craze then going long would be good.

[1715013958]

1715013958

[1715013958]

1715013958

[1715013958]

1715013958

[1715013958]

1715013958

[CryptopreneurBrainboss]

...

I wouldn't call myself a pro, but I feel the price has been rising so much so it has to be "healthy" again with some correction. Many of the traders, myself included got burned during the 2018 crash so now I'm planning to play safe.

Well it seems your whole mind is made up so I guess there's nothing we can say here to convince you to rethink your intended decision. The fact is the whole market is bullish so taking the opposite direction so early might not be the right one most especially if your timing isn't done right. We're advice to be bullish when others are bearish and vice versa but timing is very important as you won't want to sell and get out when there are easy 20-50% ROI ahead.

Instead of shorting via margin trading that you can easily get rekted if the trade goes against you, why not play it even more safe (since that's what you're trying to) by just putting a stop loss at a favourable price to you on the spot market. This way you'll still be in the market and enjoy future profit if the price increase, you can always increase your stop loss entry price as price of bitcoin keep increasing.

[Vispilio]

Depends on your particular market view. If you feel BTC is running out of momentum, and there is only a small upside potential remaining before eventually making a strong reversal, then a short margin play might suit you,

with the liq price high up wherever you feel BTC won't reach... If however you think strong volatility will continue and price can make gigantic leaps in either direction, and you still have a short bias,

then an appealing move for that point of view would be to buy put options or put spreads, among other more complex strategies... Good luck

[traderethereum]

Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)

Do you have skills in margin trading? Or do you already tried margin trading before?
If yes, you can continue to proceed with margin trading, but if you are not trying margin trading before, I suggest you not to try it.
But if you still insist on trying margin trading with that amount and be willing to accept the risk, you can try it, but be careful because margin trading will be different from regular trading.
In margin trading, you will see your profit and loss in reality, and that can make your heart beat faster than usual. Sometimes, it can make you panic if the price is down suddenly.
But margin trading will open your eyes to the chance to make a big profit or get a big loss. So you can try it carefully.

[Dorodha]

When traders decide to use margin trading for cryptocurrency they will basically take funds from the platform to increase the buying or selling power of their business. Margin trading means that traders only have to deposit a small percentage of the total value of the position. Traders are at risk if they do not have a good idea about margin trading so while Bitcoin is now much more expensive for margin trading is better to make long-term investments without using Bitcoin for margin trading long-term investments are safer and less risky.

[Savemore]

It is good to do margin trading as long as you have prior experience to it, in these type of market situation a momentum trader can usually gain  more than 100% in just minutes through margin trading but there is a high risk and it is the reason why allocation is important wherein you will not do all in your money in just 1 trade in margin trading. If you are not good in margin then do not force yourself to trade using it, there are opportunities even in spot trading. There are traders who are entering margin trading because they are envy to the porfolios of other trader who usually gaining in margin big time, if you want to become like them then focus on proper risk management and make sure that you first master the spot trading. Short and long in margin can master but it took a time and as a trader you should have high faith to yourself that you gonna make it.

[buwaytress]

Bitcoin's relative stability during parts of this year may have tempted a lot of traders to consider leverage but you really need to remember that volatility is a byword for crypto. Bitcoin itself not impervious. Just look at the past week alone, to see 5%-10% moves in both directions all within 24 hours.

10% kills you at 10x leverage, 5% at 20x, never mind the 100x leverage people think makes them quick gains. A 1% move every hour will take you down in no time. Avoid. Seriously.

[tvplus006]

Margin trading involves high risk and is intended for experienced traders who have sufficient experience of trading in the spot market. If you do not have enough experience in trading, you should not experiment with your deposit, otherwise you will lose it.

[crzy]

Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)

Have your experienced first in margin trading, because there’s a lot of works that you need to do on that strategy and its hard if you will just ask anyone here. Doing short with bitcoin right now is also risky anyway, its a hard decision to make so know your call and know what you really want with bitcoin.

[BALIK]

To be honest, I would always approach margin trading with more caution. The BTC market is quite in an uptrend and if I was you I'd consider this before moving into margin trading, because if BTC has gone up by 13% in that last 7 days, it is possible that it could come down with a collapse.
I'm not saying that this will happen but there's a chance that it could happen.

If you feel confident enough, and your skills in your opinion will allow you to pull margin trading on BTC at a time like this then go for it, but ultimately this risk tolerance is up to you to decide.

I've already given my view on this, and I hope that now with all the comments that came through you are now in a better position to decide for yourself.

[sana54210]

If you want to go long right now, that would be quite risky because it looks like we are already quite high and a small drop could easily happen, not saying price will crash or anything but from 18.8k type of levels to under 18k and back over 19k is something that could easily happen right now so margin trading for long is not really a good idea. However going down is another subject, if you think bitcoin price could crash, you believe that price will go down and that is something all up to you.

It is not something that is guaranteed but we are quite high right now so a small drop could happen or a big drop could happen as well. I can't really say anything about what is going to happen but when you do margin trading you are doing something very risky so you should be careful.

[Silberman]

Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)

HOLDING is the current preferable (based on my analysis of course) way of gaining profit today. With the demand being so aggressive and the weakhands being so afraid that the BTC might fell deep down again, I guess long plays are better in this current situation of the market. Many analysists also sees the movement of Bitcoin being back and same as it was before the boom and uptrend of the 2017, hence would describe why holding/longing it would be better. If you really were a good trader, shorting it would be somehow tough but you should be knowledgeable with reading the market's flow.

Shorting the market seems like the absolute worst move that anyone can do at the moment, holding is a good idea, if you need the money then selling some of your bitcoin now is a good idea as well, but shorting the market thinking there is going to be a negative trend is a big mistake and anyone that does it is probably going to be punished by the market and if at the same time you use leverage then there is very important possibility that anyone that does that is going to lose all their money.

[Nellayar]

Don't worry, in my opinion it is possible if in the next few days the bitcoin price is even higher. ATH is only the biggest price comparison,
It's still the start of the 3rd halving, and you still have a chance.
but it comes back to you. if you have had enough and have made a profit, I think there is nothing wrong with selling.

Besides, if you bought at 14K price for the past weeks. Your portfolio today is increased by 24% and its not bad even you entered few days ago. Making it higher than its ath price is not impossible. Bitcoin keeps on climbing and the potential of its increase is really high. Buyers are really pushing bitcoin to beat its all time high. Market is now on bull run season after some alts follow the path of btc. Margin trading is better nowadays because we almost win for every coins that we take.

[samcrypto]

Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)

If you’re planning to do margin trading you must be very careful because Bitcoin can go down again and we don’t know if the market will dump again since we already reach a new high this year and we are still a volatile market. You can always play short and take profit as much as you can, just know your entry and exit level and regrets nothing.

[BuNga_cute]

If you see the Bitcoin price has reached $ 18,500, it is not the right decision to plan to go short with margin trading.
Since the risk is very high, it's better to play it safe with spot trading and setting your stop-loss. The price is now too
high for Bitcoin this year, so at any time it can fall. So please reconsider if you want to do margin trading.

[Danslip]

If you ask my opinion, it doesn't worth it now to enter the volatile BTC market with margin trades. The liquidity will drain soon and the sharp chart formations can be your last trades if you don't use a stop loss. Anyway, the risks are lower if the BTC can cross ATH sooner than the end of this year because slowly growth will bring $30k to the table. For the trading platforms, I prefer to trade on Bybit and closed my account on Bitmex after the unacceptable price discovery on the BTC charts of Bitmex trading platform.

[exstasie]

10% kills you at 10x leverage, 5% at 20x, never mind the 100x leverage people think makes them quick gains. A 1% move every hour will take you down in no time. Avoid. Seriously.

100x is insane, for sure. Even 20x is ridiculous, but with proper risk management 10x and under can be a marvelous tool, especially for minimizing the amount of money you need to keep on exchanges.

Just need to use stop losses religiously and stay on the right side of the trend.

[ethereumhunter]

Better not to try if you don't have enough knowledge about margin trading because that can make you panic. I suggest you use regular trading first before you have enough margin trading skills because doing margin trading will need more analysis. But it is only a suggestion, and if you still want to try, I guess you can do that right away. I agree that if you want to use 0.001 btc to see the situations.

[GreatArkansas]

Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now.
(....)

Margin trading is still worth it, but you should consider the risk but high reward too.
Shorting Bitcoin these days may good idea but you should consider the uptrend of Bitcoin, you may end up getting rekt or stop loss hits.
If you have your analysis or reason why you will short Bitcoin, then it's good. Margin trading with Bitcoin still worth.

[Wind_FURY]

10% kills you at 10x leverage, 5% at 20x, never mind the 100x leverage people think makes them quick gains. A 1% move every hour will take you down in no time. Avoid. Seriously.

100x is insane, for sure. Even 20x is ridiculous, but with proper risk management 10x and under can be a marvelous tool, especially for minimizing the amount of money you need to keep on exchanges.

Just need to use stop losses religiously and stay on the right side of the trend.

5x - 10x leverage is still very stupid, especially for many of us plebs who believe we can beat the top 10% of traders after merely reading a few books, and watching a few videos about charting/technical analysis.

Do it the proven way. Pleb-style. Buy the dip, and HODL.