Opening a longterm long position

[crwth]

It's not bad to open a long position in any of the exchanges. It's just that you need to have extra funds for the actual maintenance fee for your position. As long as your position is out of reach with the liquidation limit and the stop-loss (if you have set it), then you shouldn't worry too much.

Personally, I would use Binance, but it's up to you.

[Luzin]

position is out of reach with the liquidation limit and the stop-loss (if you have set it), then you shouldn't worry too much.

Right isn't bad when everything is right. Playing long positions in futures trading over the long term is very risky. Not only is it about the liquidation limit and the stop-loss, but there is a charge every eight hours (in binance), and it will cut your balance. You need to pay attention that you don't lose.

[BrownSuS]

I'm looking to open a long term long position on BTC/USDT as I'm a huge BTC bull, therefor instead of just HODLing, I'm looking to open a long with low leverage for about 3-6months and take profit if there is

I personally recommend to not to invest long term in the futures as the chances of being liquidate are very high when the market is very volatile. The profit in our mind gives us dream but the profit in reality shows the greed and that greed resulted into loss in long term due to funding rate which involves premium also when the difference between perpetual future contract's price and mark price increases.
So always book the profit and close the position at earliest when the desired position have been attained.

I have written the post on Funding rate with example.
You can take help from it

https://bitcointalk.org/index.php?topic=5294749.msg55712912#msg55712912

[Cherylstar86]

That's not a good idea my friend, I advise you not to do it, if you are sure why don't you just buy through the spot? and save it, you can also sell it when your target has been reached, love your money, why take a big risk if we can minimize it

Op was only expecting much of this current breakthrough as price spike so high in that range, but you're certain that the market was at risk when choosing long term trades. For us to survive we must trade by real time activities so that we will be able to establish a daily income position. Projecting your potential income is good as long as there's a daily market movement, and most importantly volume still kepts ranging at higher value.

[wejo13]

Thank you all for the replies, they gave me better inside into the move I would like to make. I've been a long-term holder since 2014 and basically, I'm looking to setup a long-term position rather than just holding. I don't care about the swings, I've been through all of them already and I'm very very confident about Bitcoin as a long-term project/investment. I just want to earn those extra couples of % over the coming years to come.

[judaspriest]

open a position until what year? 2021 or 2022 ?,
my advice if you want to hold long-term then you have to pay attention to the price in the market,
don't let your long-term position fail to take profit, you have to know when to go out.

[bandungan]

I was contemplating using low leverage (1x-10x) but if you say that the interest fees will be too high then I might have to buy spot. I'm interested in hearing the opinion of other people who take on long-term positions.

I will also advice you to go for spot trading. Leverage trading can only be good for day trading now and for experts. We do not know where bitcoin is helping to for now, maybe there would be more price correction or increase will be the price. But spot trading will be good for now.

leveraged trading is sometimes unpredictable. because the market sometimes does not rule in seeing the spot rise or fall. spot trading may be more obvious where spot trading can be done more easily than leverage

[Ridwan Fauzi]

Now bitcoin is decreasing to $18.000 after yesterday trying to pass $19.940 on binance exchange but the price is can't be able to pass so as on the technical analyst was called as double top on lower time frame. But this thing will make some investor to wait for a while to see the movement price next. Yeah, I hope bitcoin price can pass $20.000 because if this thing happen we will see another all time high at least it will touch $25.000 first. And greatfully you took the right strategy to choose low levarage and long term investment, you will get a profit guess in a few months ahead.

[Untomabur]

I was contemplating using low leverage (1x-10x) but if you say that the interest fees will be too high then I might have to buy spot. I'm interested in hearing the opinion of other people who take on long-term positions.

I will also advice you to go for spot trading. Leverage trading can only be good for day trading now and for experts. We do not know where bitcoin is helping to for now, maybe there would be more price correction or increase will be the price. But spot trading will be good for now.

leveraged trading is sometimes unpredictable. because the market sometimes does not rule in seeing the spot rise or fall. spot trading may be more obvious where spot trading can be done more easily than leverage

Leverage and spot are almost the same, what is different about the system,
cryptocurrency prices are now very easy to manipulate because many exchanges now use leverage as their trading system,
and the higher risk of losing is in the trading leverage..