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RE: Steemit Crypto Academy Contest / S13W6 - Leverage in Cryptocurrencies

@steemdoctor1
Leverage should be used very judiciously as it acts as a double-edged sword, taking traders up a notch, but when it turns against you, it can hurt you a lot. You can also lose your entire balance and this should be used especially with your caution in order to accumulate as much capital as possible and reduce the leverage that is available.

They earn a lot of profit by using it, but it also goes against many people and I have seen these people wash their hands of their capital, which means they lose all their capital. There is no doubt that when you take too much risk and get greedy, you lose your capital, but sometimes it also turns out to be beneficial for you.

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