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Ramsey 🎩🤝
@ramsey
After 7 years of being in crypto, I finally did my first leverage. Pretty sure I get liquidated in a matter of minutes 😅 😅 I have absolutely no idea what I'm doing. I just pressed stuff and suddenly, I had an open position on gate io. It's not for a lot, fortunately. I'm just playing around. Don't do leverage, kids.
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GeeGee🔥
@nhp
What is leverage?
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Ramsey 🎩🤝
@ramsey
Something you should stay away from. Most people playing with it lost everything.
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GeeGee🔥
@nhp
Oh! Is ot a game? I don't have anything to lose 🤣
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Ramsey 🎩🤝
@ramsey
It's a financial "product", not a game. Basically a borrow of money, to gain exposure to larger trading position. Don't ever do it.
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GeeGee🔥
@nhp
Thanks for explaining Do you know any other way of earning crypto? I need 500$ very soon I'm desperate
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Ramsey 🎩🤝
@ramsey
If I knew, I'd do it. Everyone is down right now. Sorry
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