BlockchainPioneer
Just do the math to see where the problem lies. Taking a margin of 0.05 as an example, with 20x leverage, it's 0.05×20=1, which means if this coin goes to zero, you only lose at most 1 dollar. With a margin of 100 dollars and the same 20x leverage, 100×20=2000, and if it goes to zero, you only lose 2000. So I’m wondering, how did the 9000 profit figure come about?
Some might say it's going long. But if you calculate, going long 1 dollar with 20x leverage yields 20 dollars profit. To reach 9000 dollars, this coin would have to increase by 4500 times. Shorting? That’s simply impossible to reach
View OriginalSome might say it's going long. But if you calculate, going long 1 dollar with 20x leverage yields 20 dollars profit. To reach 9000 dollars, this coin would have to increase by 4500 times. Shorting? That’s simply impossible to reach