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8x leveraged trading

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phobosbtc

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Location: Vancouver B.C.

So I met a guy at a meetup last night and he told me about what his company offers, and that is up to 8x leverage.The timing couldn't have been funnier as were coming off 2 margin call cascades in the last few days. Hit Google a few minutes ago and found an article on Bitcoin magazine. What do you guys think, is 8x too much, or is it pure awesome?

http://bitcoinmagazine.com/15743/leverage-bitcoin-interview-bitcoin-solutions-adam-obrien/

Posted on August 19, 2014 at 11:43 AM
Last Edited: August 19, 2014 at 11:44 AM

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• Myshadow

  

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  Location: Australia

  Depends on your preferences... Too risky for me :P

  Posted on August 19, 2014 at 4:05 PM
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• irnhnve

  

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  What was his company name? Just curious to see why they think that much risk is justifiable.

  Posted on August 19, 2014 at 4:13 PM
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• phobosbtc

  

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  Location: Vancouver B.C.

  @irnhnve What was his company name? Just curious to see why they think that much risk is justifiable.

  The company is Bitcoin Solutions, theres a link to an article about them in the OP. I dont remember seeing that answered though. I've been trying to take a swing at writing lately as I really like the LTB coin platform concept, going to interview him soon I think, that question will be high on the list.

  Posted on August 19, 2014 at 4:25 PM
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• nicojuritz

  

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  @phobosbtc So I met a guy at a meetup last night and he told me about what his company offers, and that is up to 8x leverage.The timing couldn't have been funnier as were coming off 2 margin call cascades in the last few days. Hit Google a few minutes ago and found an article on Bitcoin magazine. What do you guys think, is 8x too much, or is it pure awesome?

  http://bitcoinmagazine.com/15743/leverage-bitcoin-interview-bitcoin-solutions-adam-obrien/

  Looks catchy but risky if you ask me.

  Posted on August 20, 2014 at 8:24 AM
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• odolvlobo

  

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  High volatility plus leverage equals a lot of people losing all of their money. That probably means more complaints to regulatory agencies, and the result might be a wave of draconion regulation. I don't see much good coming out of it except more liquidity in the currency markets.

  Posted on August 22, 2014 at 9:31 AM
  Last Edited: August 22, 2014 at 9:31 AM
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