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.
if it wasnt whales, then why did bitmax refund people affected?
I agree the margin is horrible in its current state, but youre fucking delusional if you think this shit wont pump again
probably wont be for a few months minimum but these guys are in it for the long haul
heres a thought, dont margin trade pajeet. maybe instead of blaming the exchange, even if the bugs were genuine, you should take responsibility for your own action. margin trading has a high risk/reward. im up from my margin trade and have also encountered bugs from the exchange. but nothing detrimental that "made" me lose my investments. quit gambling more than you can afford.
>allow shorting on BNB on your crappy exchange
>would be a shame if someone pumped and dumped your exchange token and fucked all the margin traders
>would be a shame if someone destroyed your entire exchanges credibility
this is an interesting thought, and might actually be plausible
CZ is the GOAT if true
There also a slight conflict of interest as well, a team of a closely knitted group. George himself said they can trade their tokens, so imagine having that much power. There is no chance in hell you can win against that exchange. Dont even bother asking them anything remotely negatives they'll throw it out as a conspiracy. The environment is definitely quite toxic unless you like to be ruled by a chinese communist dictatorship.
did they truly refunded and you read people comments, o forgot they deleted everything!!
why couldn't you unwind?.
Biz told me that this was the next binance : (
biz just got scammed again thats all
Who the fuck has received a damn refund??
I didn't even know about a refudn till you mentioned it right now. Why wouldn't they email those that got liquidated and let them know about the refund??
So now we have to go and ask for our refund. Have you tried to communicate with any one on their Telegram or Email?? good luck with that shit... You get NOTHING from them you just get BANNED!!!
FUCK BITMAX
FUCK GEORGE CAO
SCAMMERS
SCAM EXCHANGE
Refund!!! it's just BS that they'll say but no one will see a fucken refund. That post regarding a refund was 2 days ago why haven't i got an email letting me know about a refund. BitMax WILL NOT GIVE YOU A REFUND they're just saying that shit..
FUCK BITMAX
FUCK GEORGE CAO
THEY ARE SCAMMERS
YOU WON"T GET ANY REFUND FROM BITMAX
BITMAX IS A SCAM
GEORGE CAO IS A SCAMMER
BITMAX TEAM ARE SCAMMERS
SCAMMERS THAT EASIYLY BLAME HACKERS OR P N D GROUPS
FUCK BITMAX
the face of a SCAMMER
FUCK GEORGE CAO
Don't margin trade then blame the casino you fucking idiots.
yeah, bitmax is a scam exchange.. they are chinks. it wasnt hackers/pnd group. it was the scammer chink ceo that scammed you. seriously. it's a giant ponzi. look into it
Heh retard not reading up on margintrading. Go fuck yourself
how do I find Bitmax on TradingView bruh?
I found the BITMAX damage control shills. There you are you fucken gooks you are worse than a days old piece of dog shit. NO ONE WANTS TO USE THIS SCAM EXCHANGE
FUCK BITMAX
FUCK GEORGE CAO
I don't even use the exchange but you have no one else to blame but yourself, margin trading volatile assets
>it's not the margin trading that's bad, the exchange scammed me!
So you put significant money on a shady exchange? No one to blame but yourself.
its not on tv
BITMAX is a fucken SCAM
GEORGE CAO IS A SCAMMER
FUCK WHOEVER TRIES TO DEFEND THEM
such high iq that got chinked how about just use liquid next time you pesant