And then there was Margin...

generation.easy

Published: 13 Mar 2020 › Updated: 13 Mar 2020 And then there was Margin...

And then there was Margin...

Well this seemed quite an ideal spot to open a leveraged long position...

Lets try and be conservative though - this market is kinda krazy right now.

But, Btc is down some 40% from just 2 weeks ago - It can't drop further...

5X Sounds like a safe and reasonable bet after this carnage

Oh

FUCK!

Who else got liquidated?

Anyways, I only play around with margin with a small amount of funds, which I recommend everyone do. Never go all in on margin - Nothing is a sure thing. And keep your leverage low.
Although margin has produced some nice results the past month in which I have funneled into my Steem account, this is my first liquidation and... Well.... It kinda sucks.

I, along with probably the entire crypto community, didn't expect bitcoin to do the 1-2 double punch knock-out we just witnessed - losing 40%+ in a matter of hours.

It's a bad day to be considered an investor.

~ Keep on - Steemin' on ~

Hive account@generation.easy

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Written by John

Bitcoin fanatic and altcoin enthusiast

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And then there was Margin...