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These past two days are an example for why you should stay away from leverage if you don't know what you're doing.

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by COINS NEWS 216 Views

People are getting too greedy and playing with leverage again. Looks like today it's longs getting liquidated and driving the price down. Yesterday it was shorts getting liquidated driving the price up, today it's longs getting liquidated and driving the price down. Too many new investors trying to make quick money that don't understand leverage start playing with leverage for the potential gains and get burned. If you're new to crypto and trading altogether, the best advice I can give you is to stay away from leverage. Even if it works out once, one day you'll overextend and get burned. Don't play with leverage if you don't know what you're doing. Take these past two days as a lesson.

submitted by /u/Hsiang7
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