Why you shouldn't Margin Trade Crypto
Advanced trading tools like Margin trading and Stop Loss orders are the staple of regular stock investing. Whilst these tools are available in many cryptocurrency exchanges, they shouldn't be used. This video explains why.
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Advanced trading tools like Margin trading and Stop Loss orders are tools for stocks. where prices are a bit more stable
I think its crazy to use cryptocurrency as collateral for loans. This is what margin trading is
What are your thoughts on lending? Best places to do it? Has anyone ever defaulted on a loan? Thanks for the videos.
It really feels like right now is all about accumulation. Keep collecting the AAA crypto' s and not really trade them. Leveraging does make any sense since this market is extremely volatile
Lets not forget, that every ETH that was sold, was also bought. Sure some people that had auto-sell trades set may have unwittingly sold at a low price only to find out that the current price is still $300+. Imagine the people that have had auto-buy trades sitting at <$50 for months on end waiting to buy in during a crash... they made YUGE gains.
Hey man love your videos. You inspired a bit of a response video in which I talk about how price actually moves on a market and how this can be abused in order to manipulate markets.
I believe this is exactly what happened on GDAX.
If you're interested check it out :)
https://steemit.com/ethereum/@dodgydave/gdax-manipulation-explained
oh cool! checked out the video!
Ive always hated stop loss by instinct. the way i see it, its more like planning to loose or something. i dont ever want to sell at a loss and if the price should plummet ill just wait it out. thats why i make sure to do some research before i invest and actually have a certain level of belief in the project