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/biz/ - Business & Finance

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18148587 No.18148587 [Reply] [Original]

Why is this such a difficult concept for pajeets?

>> No.18148600

by grace of Vishnu i all in ETHBULL sirs

>> No.18148602

They couldn't get liquidated fake news

>> No.18148668

>>18148600
Why does eth bull go down 78% instead of 39% when eth goes down 13%?

>> No.18148678

>>18148668
omfg delete this man

>> No.18148751

>>18148678
I am down 73% from BNBBear.
Cz is a scammer.

>> No.18148780

>>18148668
Stop holding you stupid retard, these things should be traded daily holy shit how stupid can you be

>> No.18148827

>>18148780
Okay I sold.
But nobody is going to bear my loss right?
I have lost thousands of dollars the past two weeks by holding these tokens.

>> No.18148833
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18148833

>>18148668
Because that's how leveraged tokens work; when there's high volatilty and you're holding those leveraged coins, as the BULLcoin decreases in price in periods, the next period after the first one can decrease up to a point that the last leverage cannot be made (i.e. an underlying asset of 100US in ETH is made into a 300US in ETHBULL, and when the eth falls, in the next period it cannot cover up the ethereum lost in its leverage (there is not a 300USD in ETH underlying the 300USD IN ETHBULL; it is leveraged).

>> No.18148847
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18148847

>>18148587
Kek
https://cryptobriefing.com/binance-delists-leveraged-tokens-cites-user-confusion/

>> No.18148848
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18148848

>>18148827
>I have lost thousands of dollars the past two weeks by holding these tokens.
how can you literally put THOUSANDS of dollars into a financial asset at this time of economic downturn and extreme uncertainty and not know how it works, wtf????

>> No.18148878

>>18148848
Oh I knew how they work
But I thought the decrease over time was insignificant

>> No.18148885

>>18148587
>he thinks its just pajeets
Get a load of this goy

>> No.18148921
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18148921

>>18148878
>But I thought the decrease over time was insignificant
Yeah, the leverage is really high and the volatility in these things are absolutely insane. You can literally make a 50% profit in one single day if you're lucky; imagine if you started with a capital of 100 thousand dollars and made 50 thousand dollars in a day doing absolutely nothing. Nothing can be so easy; there's no free money in this World like that, of course there have to be high risks in this and the leverage in these tokens is absolutely insane. It all feels like a gambling game at the end of the day and the crypto market when it comes to Futures and Tokens sort of reminds me of the fucked up stuff that caused the financial crisis back in 2008.

>> No.18148970
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18148970

>>18148668
top kek i love it when pajeets put money into things they know nothing about
these leveraged tokens are perfect pajeet traps

>> No.18149004

>>18148668

If a coin goes from 100usd to 10 usd how much percent did it go down?

How much percent does it need to go up to get back to 100$?

There is your answer.