Bitmex and other leveraged exchanges are creating massive sell pressure on BTC. Bob goes 10x long, and Joe goes 10x short. Bitmex keeps the transaction fees in BTC for both of these trades. They turn around and sell that BTC for fiat. Trading on these exchanges is creating massive sell pressure on BTC, and the more activity, the more sell pressure that BTC will see - meaning BTC will go down when leveraged trading activity increases significantly. If this isn't good enough, then just maybe consider staying away for the simple fact that leveraged traders get REKT on both sides. Really? 100x leverage? Do you live in reality? Get the f*ck outta here! Please use common sense.And for all you shills on YouTube peddling your leveraged exchanges, I hope you get what you deserve. Please people, think for yourself. Don't get lured in and feel like you're part of some special club because these losers in YouTube are trying to indirectly take advantage of you. They don't give a shit about you; they just want to pad their pockets at YOUR expense. ok. That is all. Cheers!
Submitted May 21, 2020 at 10:25PM
No comments:
Post a Comment