Replying to Avatar Carl B Menger

I’m truly sorry for Bro. But this is a stark reminder that you should never use leverage. Just DCA and HODL. We’re still very early, and #Bitcoin will be worth millions. Patience is key.
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Simon (2.₿y.2) Kofah 2mo ago

Help me out here... What's a hypothetical leverage scenario where a 12% drop in the underlying leads to COMPLETE liquidation?

Does that imply this guy levered his entire stack up 9-10x??

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