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HOLY SHIT
Evan Rogers
Aiden Barnes
Shit, even at 100x that is a major loss.
Evan James
Is that the chinese guy who wanted to suicide today on the news in china?
Jonathan Foster
That was probably that guy whose baby died.
Michael Hall
nah, he got rekt on futures and on another exchange
Gavin Watson
Wait what? Wtf are you talking about?
Wyatt Gonzalez
I don't think you're even allowed to do x100 with more than 6 btc. Meaning this guy probably lost around a million dollars at least.
Leo Garcia
big news in china , some guy wanted to suicide because of crypto.
Austin Green
mother of cockmongler
Nolan Wood
Does this make anyone else to feel horny :O
Luis James
shooting ropes as i type
Ryder Ortiz
holy shit
Zachary Morris
Damn hes probably feeling numb right now.
Kevin Williams
Lel and it bounced right after. Fucking sucks, at least this proves even whales are getting burned.
Isaac Myers
Imagine losing a million dollars in fifteen minutes. Would you be able to resist killing yourself?
Brody Richardson
No one is safe
Camden Thomas
will one of you incels do a 30% opaque wojack on this? posting from phone and need to meme
Camden Williams
he probably has way more money than that, I wouldn't care about losing a milion if I had another one
Zachary Bell
how do you fucking know? The guy might have been coked up out of his mind and owed money to the mob and thought this was the only way he could repay them. You people act like rich fags don't lose money.
Robert Cruz
wait so he went short at 6756?
What a fucking idiot
Mason Long
user
Gavin Perry
No he longed and the price dropped to his liquidation. We dont know whefe he went long, though
Levi Hernandez
yikes kid
Isaac James
Not in brains
Jeremiah Howard
links pls
Ian James
This is why it's crashing hard. Too many normies with their stop losses. Hold or you just ain't gonna make it, poofta.
Hudson Morris
SO YOU ARE TELLING ME HE SHORTED RIGHT?
John White
I don't gamble. No matter what direction the market goes, BitMex will find some way to jew you.
Anthony Ward
All house money likely, it's meant to be gambled away.
Grayson Murphy
>I don't gamble
But who was Archie Karas?
Jason Collins
well look at the way he words it, its retarded
Isaiah Martinez
Exactly this. You get wrecked either way by the price swings. Doesn't matter if you long or short, they always manage to liquidate you eventually
Aaron Price
What does it mean to Liquidate a Long?
Cameron Ortiz
Means they take your fucking shekels
Michael Taylor
Dude thought the market was going to go up. It didn't. He lost the collateral he put up for the leverage.
Nicholas Peterson
how much principle did he lose?
Kayden Allen
He bet on the price going up and used leverage, if the price drops instead and he does not have enough money to cover his leverage he will be liquidated
Grayson Taylor
You don't understand how leverage works do you
Ian Wright
THIS HERO WILL BE REMEMBERED FOR ALL ETERNITY.
Ayden Bennett
bare minimum 100k, but probably much more than that because no one with that much money would do a 100x long with this price action.
Evan Brown
BitMex lets you leverage up to 100x, so at least 100,000 dollarydoos
Camden Johnson
You don't know the definition of house money do you
William Watson
It means you just made another kikes day
Kevin Gray
holy shit he lost 10,000,000 btc thats crazy
Nolan Wood
user
John Garcia
>this thread
Lol
Some of these people didn't graduate high school I swear
Zachary Cox
I seriously believe he killed himself afterwards. This is serious money.
Lucas Murphy
how much leverage do you guys think he was using? 100x? Just imagine he was using 2x.
Camden Bailey
Austin Lopez
It had to be more than $100k. 100k would mean 100x leverage, and I don’t think anybody is that stupid. I’m guessing somewhere between 500k and 1mil
Elijah Price
If he was using 2x than he can probably afford this loss. That would mean he had 5mil. Somebody betting that much money is pretty fucking rich. Unless they’re stupid.
Tyler Russell
*grinman
Jeremiah Murphy
Have 764 BTC
Transfer 20 of them to Bitmex because of boredom of the market
Have a gamble
Lose 20 btc
Now have 744 btc left
Not a fuck was given.
Wyatt Hernandez
WOW THAT'S 68,790,500,000 USD
Aaron Gray
Isn't that like 1400 bitcoins? I thought the risk limit was 100 BTC on bitmex? Or does risk limit only apply to your margin?
Hunter Wright
and im here worried about muh 3k
Blake Lee
Then you're a fool. You could by a nice house for that here.
Asher Phillips
From all the options at what you could imagine was 'the bottom' 6756 is a pretty tight stop.
Id say he was at least x50, but with that much contracts open id say almost certainly was at x100.
Luis Howard
Already have 3 nice houses
Different worlds.
Grayson Smith
This was probably the guys face after.
Jacob Gray
This guy was me.
AMA.
Brayden Hill
You could have 4 though, in different countries
Colton Smith
how's it like being a no life larping sad fuck?
Tyler Torres
He was a big guy
Jaxson Williams
>bald headed fuck
Nathan Hall
4
u
Ayden Davis
>selling
>ever
Stay poor 10mill poof
Juan Allen
>400k
Not finding the most beautiful 18yo girl that you can and putting your child in her for the 20btc instead.
Have no lineage faggot.
Austin Hall
>open 50x short on bitmex
>up 80% within minutes
>dont close position thinking it will go lower
>it fucking shoots back up and liquidates me 20 minutes later
>open new position, long this time and all in to make up my losses
>panic close at 50% loss, almost got instantly liquidated
>open another short
>it goes up immediately shoots back up and get liquidated within 10 minutes
IVE BEEN FUCKING CLEANED IN A SINGLE DAY WHAT THE FUCK IS THIS SHIT
Brandon Torres
REEEE WHY DID THE INTERWEB CASINO TAKE ALL MY MONEY! I THOUGHT BETTING ON BLACK WAS A SUREFIRE STRATEGY
Gavin Turner
Dead whales make me so happy. This made my night.
Isaiah Powell
Ahahahajahaha you deserve this. Give whatever money you have left over to your mommy to manage for you, since you clearly have zero impulse control and will keep losing it on retarded shit.
Aiden Diaz
Only if you're a high leverage moron. 10x gives you a nice little buffer. Bitmex is what it's all about. When every reddit fag is down 50% you just triipled your stack on obvious price moves. Didn't anyone not expect btc's price to drop today? fuck's sake man
Brody Jones
>using 50x leverage
>IN CRYPTO
you literally would have been better off buying Powerball tickets
Brayden Clark
i almost always use 50x
Christopher Reyes
Wow
Josiah Bailey
Is bitmex better to use than whaleclub?
Eli Thomas
as a test i opened a demo on whaleclub and open and close minimum position. the fees (spreads?) ate the entire demo margin in a few positions. plus the minimum withdraw is high as fuck you if you transfer a little, forget about getting it back
Aaron Mitchell
r/buttcoin
Joshua Rogers
Wait wait wait...nocoiner nipfag reporting. How can a single person transfer 68b in usd fiat from this? Doesn’t it go somewhere? That’s an insane transfer of wealth from a single person...someone please help me understand how this works. This would be major global news if 68b usd value transferred hands in this manner.
Landon Cruz
yea
Levi Jenkins
Thanks for the info user. I'll open an account on butmex then, unless you have any other suggestions for leveraged crypto trading
Nicholas Lopez
Post your ass
Wyatt Fisher
i wasn't recommending the mexican nigger either. open demos on as many exchanges as you want and read calmly their ToS. put most attention to withdraw conditions and always test with the minimums. also check their KYC policies.
if you are just starting, get the fuck away from margin trading
Hunter Bennett
1 contract on bitmex = 1 usd
David Robinson
What does this even mean?