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Using leverage is not about luck or skill, it is simply rigged game. You always lose, exchanges always win.

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by COINS NEWS 103 Views

Are there any people that makes money on leverage in long term? No. Some may get lucky few times, but sooner or later especially if more money gets involved you will meet an wall. This wall is called exchanges don't like losing fucking money, so they manipulate prices to make you lose everything. It is pretty common (unfortunately no common enough) knowledge and even or maybe especially biggest exchanges do that. It is easy to manipulate price if you have so much crypto as them.

Many people don't understand leverage is not about skill, it is not trading. Good traders ( maybe 1% or 2%) have skills to make money. It is also not like buying shitcoins, where you may have insane luck and find coin that do x1000. Leverage is not a poker, it is like playing on slot machines. Cassinos rigg the slot machines, exchanges rigg leverage. It never was or never will be fair game for customer.

submitted by /u/Nuewim
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