Recently, many people are still obsessed with leveraging in this market.

In fact, the risk of leveraging at this position is very high.

Of course, I believe the bull market is still ongoing, and the mad bull has yet to arrive.

However, leveraging at this position could very well prevent you from holding on until the mad bull comes.

For example, at the beginning of the year, Ethereum was around 3000, and many people leveraged a lot.

After that, Ethereum dropped all the way down, hitting a low of 1300, and even a twofold leverage would have resulted in liquidation.

Now Ethereum has returned above 3600, but you have already been liquidated, so what does the current brilliance have to do with you?

Conversely, if you had leveraged below 1500, wouldn’t you feel particularly secure now?

Of course, leverage incurs transaction fees for the exchanges, and this fee is not low.

Exchanges love it when everyone opens contracts.

Because this is their main way of making money.

And we, the spot holders, are not favored since we do not let them turn our holdings into cash.

So, leverage should definitely be used in a bear market.

Not now; if you leverage now, no one knows whether you are at the peak, mid-slope, or at the foot of the mountain.

You can only rely on luck.

In the cryptocurrency world, the lives of retail investors are often quite unfortunate, as the whales will play you to death. As long as you enjoy playing, there will always be a day when you meet your end.