In such an extremely bearish market, here’s a piece of advice from a veteran who went all-in on blockchain in 2017: at this position, avoid adding leverage to short or long. If you want to buy, it can only be spot, but definitely the long-term kind. Short-term trading looks too bearish. Betting on a rebound is about right; deleveraging is very important because, in the face of sharp declines and surges, choosing the wrong direction makes any leverage very fragile!!!
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In such an extremely bearish market, here’s a piece of advice from a veteran who went all-in on blockchain in 2017: at this position, avoid adding leverage to short or long. If you want to buy, it can only be spot, but definitely the long-term kind. Short-term trading looks too bearish. Betting on a rebound is about right; deleveraging is very important because, in the face of sharp declines and surges, choosing the wrong direction makes any leverage very fragile!!!