In my search to understand the #btc world.
Noob here, could you please explain it what is leverage? It sounds scary. I hope this guy is ok.
#asknostr what actually happened and why did he lose everyth...
He basically gambled. He took a bet that the price of bitcoin would go up to a certain price by a certain date. To fund the bet, he used his bitcoin. The price dropped instead of going up, so he lost the bet, and his bitcoin that was on the line.
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