Posted 4/11/2024, 7:18:17 AM
Dogecoin Figure Cautions Against Crypto Leverage Trading Due to Extreme Risks
- Influential Dogecoin figure warns against using leverage and derivatives due to extreme risk
- Says these strategies amplify already high crypto risk to unacceptable levels
- Cautions that playing against market makers with more tools and liquidity is like playing against casino owners
- Warning comes as other crypto experts advise staying humble and avoiding overconfidence
- Notes recent crypto market liquidations show how leveraging a volatile asset can lead to bankruptcy
