Normal person trading crypto: Maxes out off-exchange loans, enters spot market to make money.
Genius trading crypto: Enters with a few thousand bucks, uses high leverage contracts on the exchange. For example, China and Brazil are going to play soccer, and you want to bet on the game, but you only have 100 bucks. Normal person: Borrows some money, adds more to bet on Brazil to win. Genius: Bets 100 bucks on China beating Brazil 8:0.
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Normal person trading crypto: Maxes out off-exchange loans, enters spot market to make money.
Genius trading crypto: Enters with a few thousand bucks, uses high leverage contracts on the exchange.
For example, China and Brazil are going to play soccer, and you want to bet on the game, but you only have 100 bucks.
Normal person: Borrows some money, adds more to bet on Brazil to win.
Genius: Bets 100 bucks on China beating Brazil 8:0.