Thanks to low volume and the advent of Bitmex 100x leverage margin trading it's now possible for whales to pump and dump Bitcoin, which is why we've been seeing 5% up/down swings over the past week. Here's an idea of how to take advantage of a potential 5% upswing.
Why is the price moving up and down ~5% ? The answer simple. Because you only need 4% swings to liquidate people who are trading with 25x leverage. The point is to liquidate shorts/longs with high leverage.
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Almost there... just be aware that this could go down 5% too.
If Kraken allowed 25x leverage, I'd probably use it all the time! I love 5x leverage (their max.).
modern_day_astrology
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@mightytrader, This market is too volatile, these 4% price swings happen in less than 5 minutes. Chances you will get liquidated are super high at 25x.
mightytrader
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@wernerbh, Well, I'd just pray to Jesus that it won't happen. But it's exciting to be on the edge like that! Besides, market is very boring w/out leverage.
modern_day_astrology
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@mightytrader, It's fun to gamble, but if you don't mind losing money you might as well go to Las Vegas.