Is using leverage for bitcoin possible/worth it for a long term cyclical investor?I’ve always thought the fees on perps would eat you up but there’s gotta be another way right? I’m european so CFDs? I’m not sure I trust Saylor enough to justify MSTR. I only want like 2-3x lev
>>62349504If you are poor like me you can probably use a 0% credit card. Put all your spending, bills etc on the card and put your cashflow onto bitcoin.Was able to get a £15k card 4-5 years back. I stuck it all into stocks instead of crypto at the time, but was still able to make a killing
>>62349504>CFDsdear lord just kill yourself now [spoiler]don't [/spoiler]
>>62351642I know they’re somehow sketchy I was just thinking what options there are>>62350042Idk seems like it could end in really bad debt really quick
>>62349504Honest answer, ignore those retards. Long? I don't know, it's complicated, unless you have a good amount of margin/collateral that could sustain a black swan (which seems pretty likely in our economy right now), then yes, it's worth it. Fees on perps actually don't eat up as much as you think, it floats, sometimes you pay, sometimes people pay you, at least that's the model on HL.Now regarding 2-3x, again, unless you can buy the very bottom and still hold up bitcoin under 20k, then it's worth it, but there's still a risk at play.
>>62353420I know how perp funding fees work but long-positions pay short-positions more than vice versa since the market is more often bullish that bearish. Also is your answer AI generated or is English just your second language
