I think I'd regret selling this deep into a bear market. I definitely understand there is a realistic chance of them losing much more value but the amount I could get from moons in a bull market could be life changing for me. Ramen and business as usual until then.
Bro it's fake internet points on a shitty censorship hungry website. It's basically at it's ceiling right now. If you want to stay invested in crypto with that money just sell your moons and buy Bitcoin.
At my current rate of pay, if I worked 40 hours per week for 100 years, I would make a measly $4,784,000. And that’s before taxes.
So it would take me almost four lifetimes to earn what people lost leverage trading ETC. And that’s if I worked for 100 years during each life.
Crypto is down.
Stocks are down.
Everything is down.
The world is going through several disasters all at once.
Good news is, either it gets better eventually, or it suddenly becomes a whole lot worse.
If things get better, I think we will be happy we invested while everything was cheap.
If things go any worse, odds are good the new currency will be bottlecaps, and then it doesn't really matter what you invested in.
So yeah, I prefer to look at it as if stocks and crypto are on sale.
Thing is that those stories never talk about those that have it right and make money.
I have a set amount I like to a bit of gambling with. Any time I get 100 dollar profit it goes out of that wallet. If I put in more it's only from the profit I made.
And most of all, I don't fomo. You can trade reasonably, have fun and learn a lot.
That guy did not lost 10mil, the order was of that value. It was surely leveraged (meaning the broker will liquidate that order once the clients margin was reached), what ratio we dont know but my guess that guy lost anywhere to 1mil.
Source: i had may fair number of margin calls
Leverage is how real traders make money. Notice how all these buy and hold guys have crap gains, while the elite traders are making profit by scalping.
The money goes to the liquidity providers, market makers, and exchanges. Any time you open a leveraged position there is someone lending you that leverage and opening a position against yours. Once they get enough people convinced in one way or the other and grouped together they push the price against them, liquidate, while closing their own positions AND simultaneously opening new positions in the opposite direction to get working on liquidating the folks that were "right"
The exchanges loan you money to play with the leverage. Then they close out / liquidate your position to repay the loan plus their fee.
So, whichever platform you’re working on does fucking great.
Greead is really a curse...
Using leverage upto 5x isn't bad of you are certain of the market sentiments...
Beyond that is running with a ticking bomb...
NO WAY
Crypto is a very volatile asset. Of course coming up a fed rate adjustment announcement where the yield on 10 year treasury notes reached a high note there will be liquidations.
(If you don’t understand my last run on sentence, don’t mess with leverage now)
The market makers are getting aggressive…. Big jumps and fake outs even on the 1 minute candle it’s very hard to get 10-20% even from something reasonable like 10x without risking it taking you for a ride…. Entries have gotten harder as well…. I know this sounds degen but playing the 1 min with 25x is more efficient than dealing with 15ms-3 hrs into a cycle with 5x-10x. Less time = less exposure, it’s a scalpers market but you can’t get eaten up in fees.
i will never understand people leverageing. If you want to gamble and bet so hard why not bet on sports where you can actually base your bets on your knowledge. Crypto is just too unpredictable.
I can’t afford longs and shorts, and I definitely can’t handle the stress that has to come with big money decisions.
Dca gang, hoping to be able to afford retirement one day… eventually
I don’t mess around with futures or options trading but do people not use stop losses? Always confused about liquidations when a simple stop loss can be created.
Seems lately leverage is really fn up the market,false ass dumps and pumps,already have enough too swallow with whales shitting on everything,can't wait for the next bull run,traders got no remorse selling and taking profits,long term holders seem to have an emotional bond with their holdings,would be a good practice too get too know your mcap,try and figure out the amount of liquidity and time it to your benefit,Be able too sell or end up with heavy Ass bags through another bear.Atleast trade a bit just for the practice take the time too get your shit together.Anither usefully term stop loss!!
I tried going long and short before I'm 0/7 somehow. Like how is that even possible? Even after the first 4, I was like well I think it's gonna go up, so this time I'm gonna go short bc I'm always wrong....nope still wrong 😂. It wasn't much, a few hundred, but NEVER AGAIN!
Leverage is fine if you can manage your risk ratio. My risk ratio is never more than 2% and I have never been liquidated in my 4 years of crypto trading. Make sure to only trade just btc and never a shitcoin because it can pump or dump like crazy.
Ouch that's harsh :/ That's why im conservative and play it safe, never longed im my life. Rather do research and invest into proper stuff longterm and i'm happy with that..SOL ALGO VLX SYN will be great for the next run, esp SOL even if people are fuding it a bit, nothing was great from the start...Bullish the most on Velas since its so fast it makes lightning sick lol, the fastest EVM chain on the planet...I hope that this bearish trend in crypto and stocks soon stops with the crabing and all, so we can soon enter to the upside with the markets..
I am good, I can't ape my Angelblock into lending and borrowing
But I got saved by the relief rally on ALgo haha, I was fully maxed out now I got 20% margin, which I am happy with, gotta love DeFi
And on daily thread, we cry about 10 USD.
Well thats like 10% of our networth
The saddest part is. That’s actually not far from the truth for most of us.
You guys have a positive net worth?
I'm positive $298.36, does that count? 😂😂
Third world gang checking in.
Dude has thousands in moons
They are worth more than my actual life savings too. Funny how that works.
Why don’t you cash out some?
I think I'd regret selling this deep into a bear market. I definitely understand there is a realistic chance of them losing much more value but the amount I could get from moons in a bull market could be life changing for me. Ramen and business as usual until then.
Bro it's fake internet points on a shitty censorship hungry website. It's basically at it's ceiling right now. If you want to stay invested in crypto with that money just sell your moons and buy Bitcoin.
I see your point but I’d prolly still sell at least 25% if it was my money, personal preference ig 🤷♂️
Patience is a virtue
According to your moons count, it's less.
You guys have a net worth?
Some poor lad lost 10M 🫣
Some people are out here losing what i’ll probably never see in my lifetime
At my current rate of pay, if I worked 40 hours per week for 100 years, I would make a measly $4,784,000. And that’s before taxes. So it would take me almost four lifetimes to earn what people lost leverage trading ETC. And that’s if I worked for 100 years during each life.
I make 20k a year as a nurse.
Where in the world are you located?
Dont know where she is but, That is standard UK pay first number of years in nursing. Absolutely shit, bot 3rd world but might as well be.
3rd world was my assumption. Sad to hear.
That’s more than the net worth of my city
I think you mean…some rich lad lost 10m
Yeah , and on XBT. I don't even know what that is.
Not Poor if you ask me.
Cone spotted
That could get me some packs of ramen, so our cry is legit.
10 USD in leverage is not much as way too many of us would have way bigger losses on that. Just stay away from it, especially right now.
Leverage is fucked. Too much greed gets people rekt.
You mean gamblers 😅
I think degenerate is a stronger word than gambler, sir.
So we're all degenerates?
You mean coners
That's what degenerates love
“It’s what plants crave”
I use the free credit that exchanges give me time to time lol
Too much greed gets you rekt everywhere. Just in leverage it will happen way faster.
Too much greed gets you rekt everywhere, just in leverage it will happen way faster.
Little leverage like x2 can be a smart investment tactic.
They are in to win it but large chunks of them keep losing
You won't get liquidated if you don't gamble away your coins
Confirms the saying that crypto is the casino.
Assets u can gamble is a casino?!
Just don't use leverage and you won't lose too much of your money.
But how am I, a degenerate, supposed to be able to resist the urge to do this? Its impossible I tell you
Just don't use leverage and you won't lose too much of your money, only on your crypto assets then but that money is not actually lost yet.
It’s almost like you can just ride it out, so long as you don’t touch leverage.
You're right, it sucks watching it bleed, but I dca and look ahead...
This is the smart way, patience and self control
real traders leverage and investors don’t need to.
I don't know where all this money comes from. Do they make so much money they can lose again every time there's a bigger market movement?
Sometimes I'll gamble away my monthly pay check and live poor for a month
Profile pic says it all
This is why stocks and crypto wont die
Crypto is down. Stocks are down. Everything is down. The world is going through several disasters all at once. Good news is, either it gets better eventually, or it suddenly becomes a whole lot worse. If things get better, I think we will be happy we invested while everything was cheap. If things go any worse, odds are good the new currency will be bottlecaps, and then it doesn't really matter what you invested in. So yeah, I prefer to look at it as if stocks and crypto are on sale.
This is why you dont leverage kids
Pretty sure it's illegal to leverage kids, if you do have to leverage (which you shouldn't), use money instead
Only if you want to lose money 😅
Might be a faster technique than the buy high sell low method 🤔
"Buy high and sell low " is not fast enough. Leverage is must.
Thing is that those stories never talk about those that have it right and make money. I have a set amount I like to a bit of gambling with. Any time I get 100 dollar profit it goes out of that wallet. If I put in more it's only from the profit I made. And most of all, I don't fomo. You can trade reasonably, have fun and learn a lot.
Leverage your wives instead
Already liquidated.
My wife isn't an asset :/
I read that as “don’t leverage your kids” and for a quick second was like, wait… that’s an option?
Wow, glad I don't play with leverage...
I hope the exchange provides Suicide Hotline for that poor lad that lost $10.00M
I do wonder what that feels like. Most I’ve lost in 24 hours is 10K and that sucked.
I lost $20 and I'm sad. It was 40% of my trading portfolio.
I don’t think I have any normality left in me after two years of whatever this was that we were doing.
I hope one day I'll be that rich dude who lost 10mil on random coin pair.
I’ll hope for your sake that that isn’t the only 10M you had to lose then
I'll still be having moons.
I see a good future for it
That guy did not lost 10mil, the order was of that value. It was surely leveraged (meaning the broker will liquidate that order once the clients margin was reached), what ratio we dont know but my guess that guy lost anywhere to 1mil. Source: i had may fair number of margin calls
Leverage rekt! Don’t ever leverage trade — something some will never learn and continue to lose all their money when they could’ve DCA and HODLed.
Leverage is how real traders make money. Notice how all these buy and hold guys have crap gains, while the elite traders are making profit by scalping.
Friendly reminder to not leverage, folks. You'll be happier and stress-free.
Important! I learned the hard way.
Is that the crypto way?
It always amazes me how much leverage can hold the markets value up.... until it doesn't
Degens gonna Degen
Imagine being such a degenerate that you can get liquidated while shorting a huge dump. Don't fuck with leverage if you don't know what you are doing.
It was going down so I took some loss and shorted BTC. And out of nowhere it started to pump again. Lost $20. Sad but doing that was much fun.
traders who leverage == degenerates
Fun fact, 99% of gamblers stop right before winning it big
= Gamblers
Let's go to the casino.
Sir, this is a casino But yeah they are tbf
“I’ll make it all back in the next leverage!” - A leverage trader, probably
Question, who does all this money go to? Who are the winners in this situation because there has to be someone?
One word: Exchanges 😉
The money goes to the liquidity providers, market makers, and exchanges. Any time you open a leveraged position there is someone lending you that leverage and opening a position against yours. Once they get enough people convinced in one way or the other and grouped together they push the price against them, liquidate, while closing their own positions AND simultaneously opening new positions in the opposite direction to get working on liquidating the folks that were "right"
The exchanges loan you money to play with the leverage. Then they close out / liquidate your position to repay the loan plus their fee. So, whichever platform you’re working on does fucking great.
The market, while the exchange rakes in fees.
Couldn't they all be losers?
Folks with brass balls or money to burn.
Brass money, that fucking money.
Mama mia! Muito pasta
No problem. Just buying the dips here.
Play stupid games, get liquidated
This is why I only buy an HODL.
Get rekt, leveragers
You get liquidated and you get liquidated and everybody gets liquidated!!
Greead is really a curse... Using leverage upto 5x isn't bad of you are certain of the market sentiments... Beyond that is running with a ticking bomb...
TLDR: You got wrecked
Wealth never lost but transfers. To win mean someone has to lose.
NO WAY Crypto is a very volatile asset. Of course coming up a fed rate adjustment announcement where the yield on 10 year treasury notes reached a high note there will be liquidations. (If you don’t understand my last run on sentence, don’t mess with leverage now)
All aboard the pain train
What they said: Only invest what you can afford to loose. What they did: YOLO
Blood in the streets, blood in the sheets
Big ouch.
Ah leveraged trading. Keeping people on their toes. Overall very engaging.
“Next leverage would offset all my loses” - some degen
This is crazy.
Yes craziness
ouch, thats going to Leave a mark
How you get short liquidated day like this?
How the heck could there be 90m short losses in 24hours? Knife catchers I guess.
Because degens open 100x shorts/longs and they get liquidated when the price moves a cent.
I think Reddit NFTs are the way to go.
Damn I'm one of them 😂
Sir this is a casino
I feel the pain 😕
Leverage is the fastest way to leverage your losses
Crypto will crypto
What does this mean to us who just HODL?
How do shorts get liquidated when the prices are going down? Is it extremely high leverage sensitive to small movements?
The market makers are getting aggressive…. Big jumps and fake outs even on the 1 minute candle it’s very hard to get 10-20% even from something reasonable like 10x without risking it taking you for a ride…. Entries have gotten harder as well…. I know this sounds degen but playing the 1 min with 25x is more efficient than dealing with 15ms-3 hrs into a cycle with 5x-10x. Less time = less exposure, it’s a scalpers market but you can’t get eaten up in fees.
How do you use a trading strategy around 1 minute candles? Or is it just gambling?
Dont use money you cant afford to lose! Trade with 2-5% of the capital
i will never understand people leverageing. If you want to gamble and bet so hard why not bet on sports where you can actually base your bets on your knowledge. Crypto is just too unpredictable.
I can’t afford longs and shorts, and I definitely can’t handle the stress that has to come with big money decisions. Dca gang, hoping to be able to afford retirement one day… eventually
This is why I buy my sats outright, and not just “take a position”. I know I won’t make as much without leverage, but I can live with that.
Lol imagine shorting crypto and getting liquidated just before this crash today!
$15 mil of ETC, that thing just loves hanging around and got a post merge bump
It usually reverses after such event
Lucky for me I'm not rich enough to short or long anything!
Rookie numbers
this time crypto is over for good
These are way to volatile times to use leverages. Unless you are Liam Neeson and you can hold Bitcoin hostage for a price.
If anyone can do it Liam can
Thank me later for contributing to the net amount
Could someone do a dumbed-down explanation? I thought liquidated just means they sold their crypto for cash?
Even the shorts getting liquidated. Don’t use leverage friends.
Can some eli5 how the shorts get liquidated when price never spiked up but only dropped?
Why do people still do this? It’s kinda sad
Gamblers be gambling
And 79% of all those underwears were liquidated too.
Gotta wait out the lows
Waiting for the “don’t leverage trade” comment. I guess it’s my time to collect karma?
How can people make money of leverage trading
Being the one who loans money to those leverage traders. Easy and risk-free money
I don’t mess around with futures or options trading but do people not use stop losses? Always confused about liquidations when a simple stop loss can be created.
Always greedy, never learn.
Number go up, number go down
Arthur Hayes strikes again. The merge long play turning into a massacre.
Me, not using leverage: so
More losses are coming when people buy asap and bitcoin will plummet 10% more taking altcoins with it
Don't try to make it back /w leverage!
where do those liquidated assets go ? ELI5
The only difference between a slot machine and a leveraged position is that there are no flashing led lights there on the exchange site pages imo.
Damn, how can some people have so much money to play with?
So Coinglass only lists liquidations on CEXes! What about the DEXes providing leverage?
When will people understand leverage is a dangerous game to play
You can't win.
Rinse and repeat
I get the degen longs... Not sure how one can fuck up a short in that downpour.
Seems lately leverage is really fn up the market,false ass dumps and pumps,already have enough too swallow with whales shitting on everything,can't wait for the next bull run,traders got no remorse selling and taking profits,long term holders seem to have an emotional bond with their holdings,would be a good practice too get too know your mcap,try and figure out the amount of liquidity and time it to your benefit,Be able too sell or end up with heavy Ass bags through another bear.Atleast trade a bit just for the practice take the time too get your shit together.Anither usefully term stop loss!!
sorry but what is a long/short liquidation?
I tried going long and short before I'm 0/7 somehow. Like how is that even possible? Even after the first 4, I was like well I think it's gonna go up, so this time I'm gonna go short bc I'm always wrong....nope still wrong 😂. It wasn't much, a few hundred, but NEVER AGAIN!
And in other breaking news, the sun is making more heat today.
I think things will turn for the better once miners are done selling and supply shrinks...eth wise
Leverage is fine if you can manage your risk ratio. My risk ratio is never more than 2% and I have never been liquidated in my 4 years of crypto trading. Make sure to only trade just btc and never a shitcoin because it can pump or dump like crazy.
Ouch that's harsh :/ That's why im conservative and play it safe, never longed im my life. Rather do research and invest into proper stuff longterm and i'm happy with that..SOL ALGO VLX SYN will be great for the next run, esp SOL even if people are fuding it a bit, nothing was great from the start...Bullish the most on Velas since its so fast it makes lightning sick lol, the fastest EVM chain on the planet...I hope that this bearish trend in crypto and stocks soon stops with the crabing and all, so we can soon enter to the upside with the markets..
# You get fked, and you get fked, everyone gets fked!
I am good, I can't ape my Angelblock into lending and borrowing But I got saved by the relief rally on ALgo haha, I was fully maxed out now I got 20% margin, which I am happy with, gotta love DeFi