You are viewing a single comment's thread from:RE: Daily Crypto Markets Live Blog: Cryptocurrency Markets Getting Blasted (09/25/21)View the full contextView the direct parentjfang003 (74)in LeoFinance • 3 years ago Leverage is definitely dangerous. That must of hurt quite a few people. Posted Using LeoFinance Beta
Derivatives and even options can be dangerous to the wrong people. Each separates the common trader from the major players.
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I'm not really prepared technically nor mentally to play that kind of game so I just stay away and do my thing here!
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That is the best choice. You can earn big but you are risking it big as well.
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That makes 2 of us. While the rewards would be amazing, they come at what cost? I'm not a trader, and I don't have the mentality of a trader.
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The problem with derivatives is that you need to consider the time frame. Generally you have to accept the risk that your investment will go to zero.
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This is why we-- you, me, and many others here-- stick with HODL and buy the dips. It's easier on our mental health that way.
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