The danger of leverage
Leverage is an instrument to open positions with capital that you do not have, just as you assume the profit you also assume the loss and the exchange will only allow you to lose your money.
Even knowing the future you would lose money if you use leverage incorrectly:
Suppose I invite you to my time machine and give you the opportunity to see 1 day in the future, you go to March 14, 2024 and you see that the price of Bitcoin is trading at $70,000, you return to the present and open a position with 20x leverage and you think you already did the job, but it turns out that Bitcoin corrects 5% and all your capital was wiped out.
conclusion: if you abuse leverage even knowing the future, you would lose all your money
