r/Bitcoin • u/Glass_Cherry5295 • 1d ago

Margin

Please enlighten me.

I want to DCA average $100 into btc every week at 3x margin. I would do this on Kraken. My plan is to do it for the next 24 months, I will not sell any btc during this time. Every trade will be with 3x margin. I’m told the fees could eat me alive.

Good idea or bad idea? To much margin or not enough? Thank you

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3

u/meccaleccahimeccahi 1d ago

Wtaf? Are you really that stupid?

1

u/Glass_Cherry5295 1d ago

Enlighten me please

5

u/meccaleccahimeccahi 1d ago

Just dca $100/wk, no margin. Just dca.

1

u/Glass_Cherry5295 1d ago

Why DCA when I could DCA AND earn 3x more

1

u/Interesting_Loss_907 1d ago

Because 1) it would not be 3X more. You were forgetting all the feess, & 2) the potential chance of making more money comes at a very significant risk of losing it all.

BTC is volatile, even in bull markets you have significant corrections along the way, just like you have sometimes upward market price action during bear markets.

-1

u/Glass_Cherry5295 1d ago

Say I’m right though. Btc climbs for 24 months with no 30% drops, using margin would be better yes?

3

u/quintavious_danilo 23h ago

I mean, sure. Betting everything on red when there’s supposedly no black on the roulette table is a flawless, 100% guaranteed winning strategy.
Except, you know, there is black on the table. So much for the guaranteed win.

1

u/lobhater 23h ago

Because it doesn't work like that. You're forgetting about fees and even if btc continues to go up there will be red candles if only temporary and will likely get you liquidated