Over the past week, we saw Reports on huge bitcoin qualifiers.
For those who are not aware of the term “liquidation” as it applies to financing, it indicates how long is the trader to close the trading of benefit from this because the margin of trade has been exhausted.
In terms of daily conditions, there is someone when someone borrows money on the direction of bitcoin and mistakenly, which leads to the loss of money they do for trade (or more, in some cases).
When it comes to bitcoin trading with leverage, I consider the first line of the post below:
A fool and accompany him #Bitcoin Soon they are separated.
In the words of one of my teachers, “6 % increase today, by 100 % tomorrow.” –Aartonop
Another expression, “#Notyourkeysnotyourcoins“
Be careful there. michaeljburry On the right – there is a lot of hidden influence in #Bitcoin. EMPTOR.
– Caitlin Long
(Caitlinlong_) June 20, 2021
Therefore, the number one lesson in investing in Bitcoin is not doing it with influence. (Not financial advice.)
So far, Bitcoin has about $ 2 trillion on the market, still one of the very volatile assets. Its price fluctuates in response to the news. For this reason, it is safe that buying some bitcoin in the immediate market and keeping it in the long run (at least four years).
What is more, and when, and if you choose to buy some bitcoin in the instant market, think about staying on bitcoin instead of excessively exposed them (these subjective terms; their interpretation as you want).
When you are excessive to express Bitcoin, or if you are new to the market and you have entered Bitcoin, you are more likely to sell panic if their price tanks are in the short term.
How will you know if you are excessively displayed? It is possible that you will start losing sleep over it and/or investing emotional energy in the hope that the price of bitcoin will move in a specific direction (only higher).
I share this based on experience. She was excessive to Bitcoin in 2021-2022, and I often felt the disease because of this. Once I was reducing my exposure, I felt better and managed to think more clearly.
Look for an investment threshold you feel comfortable, and again, you plan to keep it for a long time.
The goal of quickly getting rich with Bitcoin is a confirmed fire recipe to get yourself.
Take it slowly, and interrogate the wise advice from the legendary Bitcoiner Matt Odel: Stay modest, Sats Stack.
(It will be the opposite of this wise advice: Be irrational, a bet on bitcoin in an irresponsible way.)
Be careful there.
This article is a Take. The opinions expressed are fully author and do not necessarily reflect the views of BTC Inc or Magazine Bitcoin.
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