My life: Bitcoin!

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Thursday, May 20, 2021

Bitcoin!

Bitcoin and cryptos generally have taken a tumble in the last few days. In fact, they fell off a cliff. The reason is Leverage. If you buy an asset on the market, you are offered it at the base rate. With Zero leverage. But you can buy it at twice the price; 10 times the price or even 100 times the price, with Leverage. All very well if you buy $25 in Bitcoin and find that at 10% Leverage it is now $250. But once it goes down you are now down so much that many exchanges will just wipe out your... Sign in to see full entry.

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