Thank you for the neat explanation. I never engage in this with any real amount. I just wanted to see how it works out.

So yeah. If I have 1k sats and I go 20x leverage, then it's like I bought 20k sats but they are held at Kollider. If the price goes high enough, I might make 20k sats in withdrawal. But if the price goes down, then Kollider will get my 1k sats or whoever had the bear position of sell/short on Kollider.

It's just that right now the price is so low that it begs to go 20x leverage. Yes, zero-sum game, I'm bullish, and if I'm right the bearish better will lose. If the bearish better is right, then I will lose. Kollider loses nothing, only gets some commision. So it's like a bet between two people - one says it will go up and another says it will go down.

At this point, it has to go up though, hence I think I'll maek a profit soon. I'm only putting a few sats but it will be thrilling to 20x them at least 1 time in 5 attempts.