We've come a long way since the days of Mex when Average Leverage used to be in the ~25-30x range.https://twitter.com/SBF_FTX/status/1419263710569267200 …
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While this is a completely understandable move, it's still a bittersweet moment. You shall be missed.https://twitter.com/SBF_Alameda/status/1419263712225988620 …
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Mfw "slide the leverage bar all the way to the right" means 20x.pic.twitter.com/CuiFtYPKZ1
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Also would greatly appreciate it if exchanges just dropped updates without needing to preface it with some faux justification thread. We get it, regulation is inevitable, don't hit us with the "12 reasons why this is actually good"
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i feel a slight pang of loss for the memes
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It’s a pre emotive regulatory move. Guaranteed
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Do people actually trade with 20x+? I usually use 1-2x and 3x already feels high.
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20x with small position sizes can add up if your risk management/entries are on point
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We are evolving into less a degenerative species in real-time. History unfolding
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@HsakaTrades -@SBF_Alameda &@FTX_Official team moving to create a stronger, more mature derivatives market - especially with the amount of support they have for traders with the liquidation engine - it only makes sense to remove the clutter. Stake 2000$FTT for an extra 5x levThanks. Twitter will use this to make your timeline better. UndoUndo
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