You are viewing a single comment's thread from:

RE: Daily Crypto Markets Live Blog: Bitcoin Still In Consolidation (10/24/21)

in LeoFinance4 years ago

Futures market is similar to options where you bet on the price (up or down). You pay a premium for the time and the value, time and volatility at that point in time. So in a way if you bought BTC, you would get a normal 1x on your money. While in the terms of futures, it is now like 5x or even 10x.

Posted Using LeoFinance Beta

Sort:  

so they are just gambling. how interesting. Gambling is a bad habit, one that sticks for long. So i am not expecting any of the speculative craze to go away anything soon. People don't mind losing money when there is the prospect for more

Posted Using LeoFinance Beta