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I wouldn't risk speculating on cryptocurrency with credit whether it is margin trading or opening long/short positions. The market is highly volatile, irrationa
by gillesjacobs 6y ago
I wouldn't risk speculating on cryptocurrency with credit whether it is margin trading or opening long/short positions.
The market is highly volatile, irrational and unpredictable.
Last week 1.9B was liquidated [1], mainly longs due to a pullback which was now long surpassed. At the same time on the rise, shorts got liquidated too. I am all for putting your money where your mouth is, but caveat emptor.
1. https://cryptonews.com/news/usd-1-9b-liquidated-as-overexuberant-crypto-traders-get-over-9235.htm https://cryptonews.com/news/usd-1-9b-liquidated-as-overexube...
2. https://ambcrypto.com/57-million-in-bitcoin-short-positions-liquidated-on-okex-during-todays-rally/ https://ambcrypto.com/57-million-in-bitcoin-short-positions-...