I am becoming very bullish on BTC recently and I’m thinking about “going long”. Which my understanding is leveraging your money and betting on something going up in the midterm to long term. Can someone explain this concept to me? I don’t know much about leveraging or trading on margin.
How do you do it and what’s the best exchange to do so with limited risk. I believe this bet has very low risk of being bad since institutional money will be flowing in soon. As long is it’s done after the fork/possible correction it seems to be golden.
If you only leverage yourself say, 2 to 1 then you can only be liquidated if BTC goes down to 50% of its value when you made the bet. Correct?