I'm no expert on trading (I don't trade, I go for long term)
But does leverage not mean that, if the price moves against your position, that the marketplace will liquidate your stock for you? (Margin Calls)?
With 500x leverage in a market as volatile as bitcoin this to me appears to amount to gambling. (Go for it if that is your kind of things, but it sounds extremely, extremely risky (because one extremely just wasn't enough!)
Excited about the potential of Bitcoin Cash in the beautiful country of Belize. Developer of the RegisterDocuments.com Document Registration Service (using the Bitcoin Cash blockchain).
Oh wow this would be risky. If you were to get on the wrong side of the market then you could easily have your entire account wiped out in minutes. Even if you are not on the wrong side, the noise on the exchange could cause huge losses that would be permanent when you get a margin call/forced liquidation.
Have fun, send me a tip 136djiDtVHKq8KLnJQnCRJL2TydpGgnyyT