RE: You Can Send Millions In BTC For a Few Bucks in Fees, But You Need $100 on Ethereum for "Ants Transfers". Hive, You Need To "Kill It"... by acesontop

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Viewing a response to: @empoderat/re-acesontop-2zlamp

hive-167922 · @acesontop · Sep 19 '21

$1.52

Thanks for the comment, but I will still stay away from Ethereum. In regards of those Binance leveraged tokens I own, they're not the same as leverage trading. It's just they're a bot more volatile and the ups and downs are stronger than in the case of holding the actual currencies. It's up to 4X. I thought the rest of the year will see the bull cycle continue and I'd score a better revenue by putting some money into them. 

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👍 empoderat, anthonyadavisii, smartmeme, bilpcoin.pay, thepobgoblin

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@gadrian · Sep 19 '21 (edited)

> It's up to 4X.

4x is not 40x, but it's not 1x either. And if you can't sell it in moments of high volatility (because of platform inaccessibility), you are better off holding the base asset. EDIT: With 4x, a sudden 25% drop produces 100% loss.

empo knows what he's talking about. Including about Ethereum. That doesn't mean that I like it.

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@acesontop · Sep 19 '21

You can always set limits. When it comes to exchanges going down, you're in the same water weather holding ETFs or actual crypto. You still have to wait for it to get back running before being able to send your coins. I do believe that DCAing will keep me out of such situations.

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@gadrian · Sep 19 '21

> exchanges going down

Well, that's why I don't keep almost anything on exchanges unless I need them as intermediaries.

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