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/biz/ - Business & Finance

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8496419 No.8496419 [Reply] [Original]

which one of you faggots just lost all their money?

>> No.8496543

>>8496419
>implying anyone here has remotely close to 7 million to play with
Delusional

>> No.8496574

>>8496419
jesus christ

WTF is wrong with people.
Who are this people who lose like that?

>> No.8496576

>>8496543
i would hazard a guess that he was using 25x leverage and therefore it was only $280,000

>> No.8496577
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8496577

>>8496543
>have 350K
>use 20x margin
>lose the entire stack

>> No.8496603

>>8496576
>only $280,000

>> No.8496620

>>8496603
its probably money he wouldnt have got in the first place if it wasn't for bitmex

>> No.8496631

>>8496419
New fag here can someone explain what happened thx

>> No.8496654

>>8496419
It's only 10btc

>> No.8496693

>>8496631
someone did a margin call, a margin call is when you borrow money from someone to buy bitcoin (on top of your own bit you add). its as stupid as it sounds because you need to be extremely careful because if you get into the red the exchange will have to pay back whoever you borrowed money from so they just take your money and sell your shit and every cent you put in is gone.

do a x25 leverage on 1k and its like youre trading with 25k but if the price of bitcoin goes down 24/25 = 4% then the exchange needs to sell your shit and take your money to make the person whole who loaned money, but its usually even before that prolly like 2 or 1% so they have some wiggle room.

>> No.8497366

>>8496419
that was x100 leverage
72k poof

>> No.8497393

>>8497366
how do you know?

>> No.8497438

>>8496419
sucks for that guy cause its litterly bouncing back right now. Should always have your liquidation price somehat below support and above resistances.

>> No.8497489

>>8497438
>Implying short position didn't dump BTC in order to liquidate the long.

>> No.8497490
File: 1.47 MB, 320x240, 1496259008343.gif [View same] [iqdb] [saucenao] [google]
8497490

>>8497438
>this time it's literally unironically bouncing back for sure

>> No.8497844

>>8496603
it's half of what I got, it's not peanuts but it's deffinately not a lot

>> No.8498936
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8498936

>>8496419

i'll tell you what this is.
There are many whales controlling the market. some work together. some do now. some a bullish some are bearish and they do fight with interesting tactics. usually they are in groups.

A bullish group probably won last week and have been pushing it up ever since. this sudden "porn on on bitcoin" thing was unexpected even for them, and they got rekt because of it. usually they are ahead of the curve or react very fast with news. bear groups won this time and whoever had that long was simply caught out.