Leverage feels like a superpower ‘til it chews you up. I’ve been there—20x on a $5k stack, dreaming of millions, only to get liquidated by a 3% dip. A decade later, I treat leverage like a loaded gun.
Think of it like this: you’re in a boxing ring. Low leverage—2x, 3x—is a jab. You can take a hit, keep swinging. High leverage? That’s a haymaker—if you miss, you’re flat on your back.
Newbies see 100x and think “fast cash.” I see a graveyard. One flash crash, one fat finger, and you’re zeroed out. I’ve watched friends turn $10k into $0 overnight, chasing that rush.
Stick to 2x-5x, max. Know your liquidation price cold. If $1k at 5x gets you in at 80k BTC, a 4% drop to $87k wipes you. At 2x, you’re still breathing.
After 10 years, I’d rather grind slow than bet the farm. Leverage amplifies everything—wins, losses, stupidity. Use it, don’t abuse it.
Survive first. Heroes don’t last in this game.