Here's the deal, you are either a Crypto gambler or you are the house that takes the gambler's money.

Which one do you want to be? I know what side I want to be on - "

$GMX coin is built on Arbitrum which is Layer 2 scaling solution for Ethereum.

It became very popular lately for the reasons which I will write below.

This means, if you think a crash is incoming you can actually buy a short position on those coins and enjoy the rewards.

If you think the mega rally is incoming you can leverage trade long up to 30X your position (soon 50X)

while risky, you should always use risk management/ portfolio allocations and assume you can and will lose 100% of your fund's leverage trading.

Let's assume you know all that and still decides to Degen on -

$100 trade for example on a 50X leverage will give you control of $5,000 dollars

coin goes up 10%, you just made $500 bucks

Of course leverage trading is a double edge sword so if the trade goes against you even just a little you can and will get liquidated of your $100 bucks.

If you live in the U.S and you want to trade on margin you are basically out of luck. Until now.

which is the biggest Crypto exchange in the world and all you can do there is buy spot coins maybe 10-20 coins to choose from. While the rest of the world is having all the fun.

and the same deal, you can only buy 10-15 coins and spot trading only. 

This is a big deal that U.S people can actually leverage trade crypto on 

 at least for now and let's hope it won't change.

 and I know it's fair using Oracles and smart contracts. I'm not afraid my funds will be locked for any reason, I'm not afraid of WICK candle burning longs or shorts because it's not an entity or humans controlling the price.

Rev share with the users in the form of $ETH and not just the native coin.

What does that mean, as mentioned at the beginning you want to be 

and make money from the traders/gamblers. 

From all the losses of Crypto gamblers in the platform - 30% of that share goes to

 (70% goes to $GLP holders but that's for another post)

I assume long term the house always wins and I prefer to get a piece of that casino money profits in form of #ETH (and $GMX) instead of being the gambler which I also trade from time to time.

** Not Financial Advise, I'm not a financial advisor.

you can and will lose 100% of your funds. 

Be The Casino in Crypto

If you reading this I assume a couple of things about you - 

I also assume you have your core holdings which I'm not going to discuss in this post.

However, you should have some allocation to trading Crypto instead of HODL mode.

If you only have 1k to invest, most likely you NGMI buying 1 ETH or 0.05 BTC. (1k/20k for the example)

Once you accept that you can either move on to lower MC coins and try your luck or apply a little leverage to your 1k fiat. 

Assuming of course you will lose 100% of it and it won't change your life for the worse.

Yes, it is risky - you can and will lose 100% of your fund's leverage trading crypto. 

With that out of the way let's keep going.

Let's assume you are bullish on Ethereum as the merge approach, instead of putting that 1k into 1 ETH you can put $100 on 10X leverage trading long ETH.

If ETH goes up 10% you just double your money going from $100 to $200. You now have $1,100 and you only risked $100 bucks. You can buy 1.1 ETH if you wish.

If ETH drops 10% from your buying you lose 100% of the trade or $100 total but you still have $900 to either try 9 more times or buy 1 ETH now for $900. 

I don't think 100x leverage is a good idea but little leverage 2-5x if you have a small account could help you build it faster. 

I like to leverage trade on $GMX built on Arbitrum and you trade directly from your metamask wallet.

** This is not financial advice, I'm not a financial advisor, and you can and will lose 100% of your funds.