Over the course of the last week, we’ve seen reports of massive bitcoin liquidations.
For those unfamiliar with the term “liquidation” as it applies to finance, it refers to when a trader is forced to close a leveraged trade because the margin for the trade has been depleted.
In everyday pleb terms, it’s when someone borrows money to bet on the direction of the price of bitcoin and they get it wrong, resulting in their losing the money they put up for the trade (or more, in some cases).
When When it comes to bitcoin trading with leverage, keep in mind this first sentence from the article below.
So, lesson number one in investing in bitcoin is don’t do so with leverage. (Not financial advice.)
Even now that bitcoin has about a $2 trillion market cap, it’s still a highly volatile asset. Its The price of a product will fluctuate in response news. Because of this, it’s much safer to just buy some bitcoin on the spot market and hold it for the long run (at least four years).
What It is also important to consider that you should not overexpose yourself to bitcoin, even if you decide to purchase some on the spot market.
When you’re overexposed to bitcoin, or if you’re new to the market and you’ve gone all in on bitcoin, it’s more likely that you’ll panic sell if its price tanks in the short term.
How will you know if you’re overexposed? You’ll likely begin losing sleep over it and/or being investing emotional energy in hoping that bitcoin’s price moves in a certain direction (up only).
My experience is what I am sharing. In the years 2021-2022, I became sick after being exposed to too much bitcoin. Once After reducing my exposure I felt much better, and I was also able to concentrate more.
Find an investment threshold with which you’re comfortable, and, again, plan to hold for the long haul.
Aiming To get rich quickly with Bitcoin is a recipe for disaster.
Take It is important to take it slowly and heed legendary Bitcoiner Matt OdellStay humble and stack your sats.
(The (The inverse to such wise advice would be to gamble on bitcoin in an irresponsible manner.
Be Attention!
This Article is an Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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