Bitcoin on Moon.com — the Market, the Multiplier, the Mistake

Bitcoin is the most-traded asset on any platform of this kind and the one with the deepest liquidity, which in practice means the price moves in a more continuous line than anything else on the list. It still moves several percent in a day routinely, and it does not stop moving at night or at the weekend — there is no close, and no gap to wait for.

Continuous does not mean gentle. A move of a tenth of a percent is unremarkable on Bitcoin and happens many times an hour; at 1000x that move is the whole wager. The practical consequence is that the highest multipliers turn a Bitcoin bet into a bet on the next few seconds, not on the next few hours, whatever your view of the market is.

The arithmetic is the same on every asset and it is worth restating here, because it is the thing that transfers between them: a multiplier of n means a move of roughly 1/n against you exhausts the wager. At 10x that is a ten percent move; at 100x, one percent; at 1000x, a tenth of a percent. The leverage page has a calculator that will do it for a specific wager and entry price.

The trap here is familiarity. Bitcoin feels like the safe choice on the list because it is the one you have heard of, and it is indeed the least erratic — but the multiplier, not the asset, is what decides how far the price has to move to end the position. A cautious asset at a reckless multiplier is a reckless bet.

• Check the asset is actually offered today. The list in the product is the live one; anything published elsewhere, including this page, is a snapshot.
• Work out the liquidation distance for your multiplier before you open, not from the panel afterwards.
• Remember the opening fee is charged on the leveraged exposure, not on your stake — see fees.
• Try it on Play Money first. It costs nothing and it is the only way to see how this particular asset behaves at your multiplier without paying for the lesson.