I'm considering of buying perpetual BTC contract on Binance with 2X leverage and hodl for long run(5-10 years).I hope to deploy this at the time when btc checks a 100okay suppprt once more. I'm not sure how huge a piece of my profit will the funding payment eat into. And in addition i need to know of any dangers that i is perhaps missing right here. Has anyone achieved something comparable, what was your expertise like.
I am considering of buying perpetual BTC contract on Binance with 2X leverage and hodl for long run(5-10 years).I hope to deploy this on the time when btc checks a 100okay suppprt once more. I am not sure how massive a piece of my profit will the funding charge eat into. And in addition i need to know of any risks that i may be missing here. Has anyone achieved something comparable, what was your experience like.
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