What does the Intelligence Hub say about the risks of trading crypto futures?

[StorySeeker]

I'm considering trying futures because profits are slow on the spot market. I see that many people trade with leverage of x10, x20, or even x50. But, honestly, it's a bit scary because I've read stories about people losing their entire deposits in minutes. Can you explain in layman's terms what the main risk of futures is, and whether it's possible to earn consistently without going crazy with leverage? Is there a Crypto Intelligence Hub where I can read about this?

 

[Maul333]

How long have you been in crypto? Which exchange do you usually trade on? I once switched from spot to futures precisely because of slow profits, as a friend advised. And my first mistake was to take x20 because I wanted faster results. The market moved against me by just a few percent, and my position was liquidated. That was a harsh lesson. By the way, have you heard of iTrusty — crypto research platform that has some good explanations about futures and risks? I read there that even a small price movement can destroy your deposit with leverage. Plus emotions: when you see a quick profit, you want more. I realized for myself: if I trade futures, then with low leverage and only part of my deposit. Have you tried spot trading actively, or do you hold your investments more?