I will post daily about this fucken SCAM of an Exchange.
George Cao blamed his SCAM on HACKERS and a PnD group. He's full of shit . His margin trading is a SCAM he's team is a SCAM everything about BitMax is a SCAM.
If you use this SCAM exchange you deserve to lose all your funds.
#TheRealChinaHustle
FUCK GEORGE CAO
FUCK BITMAX
and FUCK his paid damage control shills.
DO NOT USE BITMAX
SCAMMERS
Again, post screenshots
it's true though, his margin is ridiculously hard to use, and you will almost always lose money even if you show a profit.
I encountered a few bugs with the margin trading system that ultimately cost me a lot of money. Chasing my initial loss, I made some risky moves that liquidated my entire portfolio. I fucking hate this exchange. I lost everything.
I couldn't withdraw from my margin account, or pay back loans from my margin balance for a while. ended up using my cash account to pay loans, which sucked all the money I told myself I wasn't going to use to margin. then since I couldn't withdraw my initial deposit from margin, I kept making trades because I could withdraw gains on the initial deposit. its a fucking scam exchange. those bugs were too convenient for them for me to think it wasn't intentional.
we all know that bitmax was manipulating the price movements to liquidate accounts too. george says it was whales abusing the margin system, but we know damn well it was bitmax.
>I encountered a few bugs with the margin trading system that ultimately cost me a lot of money. Chasing my initial loss, I made some risky moves that liquidated my entire portfolio. I fucking hate this exchange. I lost everything.
>I couldn't withdraw from my margin account, or pay back loans from my margin balance for a while. ended up using my cash account to pay loans, which sucked all the money I told myself I wasn't going to use to margin. then since I couldn't withdraw my initial deposit from margin, I kept making trades because I could withdraw gains on the initial deposit. its a fucking scam exchange. those bugs were too convenient for them for me to think it wasn't intentional.
Holy shit you sound like a low IQ degenerate gambler. Stop trying to trader using margin of you don't know what to doing and execute caution on new overseas platforms that are unregulated kek
chasing the loss was my mistake. there were real bugs though that caused the initial loss. not being able to unwind a position. it's a new exchange and I gave them the benefit of the doubt, but I legit think they are using the margin system to scam the market right now. lets see if they're still around in 6 months.
you have to understand, I had a lot of money in my margin account, but I couldn't withdraw it. I found though, that if I made a positive trade, I could withdraw my gain on that trade, but not the amount that was used to borrow with. understand? so in my mind, the only way to make back what I sent to the margin account, was to keep trading. it's a fucked up exchange. the TG has been full of people complaining of issues for weeks. somethings wasn't right about the whole thing.
last week i was saying that price would dump down to the mean of 50 period on Daily chart.
but tards on this board said i was wishful thinking and was delusional.
Well guess where price went, faggots!
bad habit i didnt screecap that shit
this exchange sounds like shit.
i hope the anons who were shilling it on here list all their shit.
buy digifinex token.