In the cryptocurrency world, most people are in it to make money. Although some users will say they believe in the technology, they represent a minority among the current community base. When trying to make money with Bitcoin and select altcoins, margin trading becomes a very appealing option. However, there are several crucial reasons as to why this option should be ignored, especially by novice users.
Don’t Play With Other People’s Money
For those who are unaware of how margin trading works – in the cryptocurrency industry and elsewhere – the process is really simple. Users will invest a certain amount of funds and try to leverage their position by borrowing additional funds from platform users or the company facilitating this type of behavior. As such, they are effectively gambling with other people’s money, which should already be a good enough reason to not get involved in this particular business model. Especially if things go awry – and they will, eventually – there is a big problem which needs to be…