I think they also know the next bull market is on its way, and that a large amount of leveraged longs could bankrupt the exchanges, offering protection for them? Just a theory.
So the UK gov is banning crypto leverage trading. Good. Like all gambling, it’s probably going be a net loss for the vast majority of people who do it. Not a bad decision tbh.
-
-
-
I doubt that would happen. The shorts pay the longs and vice versa. The house always wins mate.
- Show replies
New conversation -
-
-
Sauce? A net positive imo I saw a story of a guy who killed himself the other day and leverage trading was a factor. No need for leverage for most of us
-
Yeah I got an email about it this morning. Yeah it’s dangerous. Especially 100x trades etc.
End of conversation
New conversation -
-
-
This Tweet is unavailable.
-
I agree and I made money from it. Net profit, not loss. But it’s very dangerous and all things considered this year. It ain’t the worst decision the gov have made. Probably a net plus for most people.
End of conversation
-
-
-
People shouldn't be banned from making bad decisions. With the nature of crypto and VPNs being a thing, it's not like this stops them. Instead it only prevents them from reaching out or discussing it for fear of being arrested.
-
All things considered. It’s not a bad decision. People are banned from meeting up with a certain number of other humans in the UK. We crossed the point of no return in March mate.
- Show replies
New conversation -
-
-
Gambling mentality cannot be banned. People will find their ways regardless. Let lessons be learned. Education over prohibition.
-
Ok. Thanks for your input
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.