A known personality in Pakistan’s cryptocurrency space, Waqar Zaka recently boasted that within four to Six days, he had invested a modest Rs3 million to a staggering $1 million. The feat, which he attributes to a high-risk method known as 200x leverage trading, has impressed and astounded his followers.
Leverage trading is an advantage by multiplying exposure with the help of loans, making it a far bigger position than any investor would be able to command using his capital alone. Of course, it goes with risk: gains and losses are magnified. A 200x leverage ratio meant that whenever the market shifted, so did Zaka’s potential gains or losses hundreds of times over.
“Crypto is not just about gains but about learning the right skills,” Zaka said in his Instagram post, where he shared his trading journey and invited followers to learn how to trade using leverage. He indicates that if one can master such techniques, it is the only way to handle such a volatile world of digital assets.
This, however, sparked waves of interest as most fans prayed to learn of his strategy. He assured followers that similar trading opportunities would probably come again and that his success was repeatable through careful study and strategic risk-taking.
Leverage trading, where the potential reward could be sky-high, also brings gigantic downsides: losses can wipe out one’s investment in the blink of an eye. The professionals therefore advise first-timers to be extremely careful while trading with such high stakes, thereby emphasizing risk management in this high-stakes world of cryptocurrencies.
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