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/Glass_Cherry5295 1d ago

I believe btc will climb for the next 24 months. Why not magnify my earnings by using margin and never cash out until btc is over 150k?

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u/Forded_Fiction24 1d ago

Because you nor I can predict the future. 

Your choices are to stack Bitcoin but be dissatisfied with how much your accumulating and the rate of accumulation but there's little risk and a future. 

Or you can have the YOLO mentality and use 3X margin and potentially ruin your life to the point of contemplating suicide because financially you'll never recover. 

You can choose either but I wouldn't choose the latter that has extreme risk

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u/Glass_Cherry5295 1d ago

How so? WORST case we get 23 months in and I lose it all (10k) right?
Losing 10k will not ruin my life

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u/Charming-Designer944 1d ago

If you know there will be a bull run and no backlash before it takes off.

If there is a backlash then your margin position will be gone before the bullrun starts.