This week shows how leverage trading is the worst while trading cryptocurrencies

With leverage trading, traders take advantage of small price movements in the markets to generate significant profits, but it's been long said that it's not a good idea when it comes to cryptocurrencies.

This week is just a prime example for why leverage trading should be avoided when it comes to volatile markets like cryptocurrencies .

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This is from 3 days before

4 days ago, Bitcoin crashed to below $20000, and lots and lots of BTC longs were liquidated ~$250 million, sometime later, BTC decided to rebound and the shorts were then liquidated, the very same day.

Yesterday, a total of 70,000 traders were liqudiated! in mere 10 hours

70000 traders liquidated yesterday!

Everything suggests leverage trading is a really bad idea when it comes to crypto as it very different from traditional markets and is very volatile and unpredictable.

Stay safe and don't be a degenerate.