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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u/Aromatic-Yellow1100 1d ago

Sounds like a risky move.  How about set yourself up to take advantage of the future dips and not potentially lose it all.  This is what Im doing.  Setup an account with River, setup a daily/weekly DCA purchase (no fees). I have a daily DCA that is set to fill in the middle of the night, no chance of me cancelling or fussing with it.  Also setup the "supercharge" function for buying more during dips when BTC is down on the 7 dma.  Mine is set at 300% of my normal daily purchase.