So when you use leverage on a centralized crypto exchange, it (or "their partners") borrows you money to play against the exchange and market makers (exchange partners)? I'm a retard, am I missing something here?
Yes, you are a retard. No, I would not elaborate.
>>62568075A win scenario for exchange in a leverage trade is:>you get liquidated>exchange takes all your shitSecond best outcome for an exchange is:>you open a big long/short position>it goes in the red>you're a fucking retail pleb retard so you sit on it for weeks or months>margin fees eat you alive>you close it at a loss>pure profit for the exchangeOn the other hand when you win and quickly close winning trades the exchange makes only some measly weak dogshit profits it wouldn't bother with to begin with if it was the biggest winning scenario for them.So by winning and being profitable you go directly against the interests of the exchange, which in margin trades profits the most when you lose.So yes, exchange borrows you funds to play against the interests of the exchange, so to play against the exchange.It boils down to this.
>>62568084Also when retail plebs have a loss streak they get tilted, bet more and up the leverage. Which is in the direct interest of the exchange, their literal wet dream. So it's in their direct interest to facilitate such scenarios and help them occur.So yeah every time you touch leverage, you play vs the exchange, whether you realize it or not.
>>62568065Thats why u r shorting soacex and dont touch cz cancer!
Never.
