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Are leveraged tokens good as a long term investment?
Would western governments allow a person to claim a Trillion dollars, pounds or euros if they sold enough cryptocurrency?
If you have not been exposed to leveraged Bull tokens yet, you should definitely look into it
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After months if time dedicared to trading mainly ETHBULL, BTC BULL, shorting spot… finally beco me reasonably profitable, then I thought: now I have less time to dedicate so I buy 1.2 BTC and 100 SOL long term. All this on FTX. -100%. Now beat that.
I keep leverage open for 3-12 months frequently, if I can time it right. I DCA every week but if the market looks near a bottom, say last time ETH fell to $800, I'll use my DCA on a 1.5-2x leveraged long instead. That way ETH has to drop to $265 - $400 to be liquidated, which (nfa) won't happen so it's purely free money. If I'm liquidated it was just a couple DCA's worth so not the end of the world, since that hasn't happened yet it's contributed to my bag a *lot* faster than I'm able to using fiat. I have no experience with spot leverage positions, like ETHBULL. Do research into it, looking at its liquidity/spread and tokenomics. Can they go to $0.0X?. As a DCA *with the intent* (you may lose your money) you'll only sell the top, or not at all, it doesn't seem like an awful risk to take on. Keep your main bag seperate imo or it becomes addicting then very risky. I'd never go 100x but *1-2x* is a very very good tool to use. Shorting is a different ballgame however. I don't recommend you ever set and forget a short you have open since this market legitimately irrational.
BULL tokens on FTX will make many of us rich lol BULL, ETHBULL and XTZBULL are solid. If they had a CROBULL I'd jump on that bandwagon so fast
Leveraged tokens like ETHBULL / ETHBEAR on FTX?
I am a big ETHBULL but can ETH really make moves when BTC is playing in the sandbox?
No. You are talking about trading with borrowed funds (margin). That is one way to gain leverage. Another way is to simply invest in a 3x fund (like 3x Long Ethereum https://ftx.com/en/tokens/ETHBULL).