Nothing to explain. It says clearly in the title - GAMBLING. You wanna get involved in gambling your bitcoin? Google bitcoin gambling, you'll fine 99 such sites and a site ain't legit. Good luck @tomm
Honestly this is exactly like gambling on the forex. You simply leverage a position on a currency (in this case BTC) and then put a trailing stop, which basically means you will only lose 10% or whatever number you want and it will follow as it rises.
This post is betting that BTC is going to go up and It sounds like this person is recommending trading on futures so thats basically saying in x-period usually 1 year for bitmx I believe I think BTC will go up. The indices are based on all kinds of fancy shit (derivatives?) that I have no clue about, but basically project likelihood of high prices in the future.
Worst case scenario?
You just leveraged 1 BTC to 100 BTC (which means you borrowed from the exchange). So the most you could lose on a single trade is the 10% or whatever the loss is....
But your not talking about 4500 USD you are talking about 450000 USD. So find 10 percent and thats what you could lose with a 10 point trailing stop, and thats only if the future price of BTC plummets.
Nothing to explain. It says clearly in the title - GAMBLING. You wanna get involved in gambling your bitcoin? Google bitcoin gambling, you'll fine 99 such sites and a site ain't legit. Good luck @tomm
Honestly this is exactly like gambling on the forex. You simply leverage a position on a currency (in this case BTC) and then put a trailing stop, which basically means you will only lose 10% or whatever number you want and it will follow as it rises.
This post is betting that BTC is going to go up and It sounds like this person is recommending trading on futures so thats basically saying in x-period usually 1 year for bitmx I believe I think BTC will go up. The indices are based on all kinds of fancy shit (derivatives?) that I have no clue about, but basically project likelihood of high prices in the future.
Worst case scenario?
You just leveraged 1 BTC to 100 BTC (which means you borrowed from the exchange). So the most you could lose on a single trade is the 10% or whatever the loss is....
But your not talking about 4500 USD you are talking about 450000 USD. So find 10 percent and thats what you could lose with a 10 point trailing stop, and thats only if the future price of BTC plummets.