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17227245 No.17227245 [Reply] [Original]

>XRP added to bitmex week ago
>it moons to 30+ cents
>reddit starts fomo'ing in with 100x leverage
>flash crash due to a "glitch" brings XRP down to 14 cents for a minute
>thousands of high leveraged retards liquidated
>cue the lawsuit threats

>> No.17227364

Their own greedy fault. Bitmex orderbooks for altcoints are so dry, it's obvious those wicks can happen.
It sucks for them, and I feel a bit sorry to be honest, given its prime bull market, but playing altcoins on leveraged derivates is reckless as fuck.

Nothing wrong with buying spot and wait it out comfily

>> No.17227419

>>17227364
>I feel a bit sorry
why would you feel sorry when gamblers complain about the house winning?

>> No.17227473

>>17227419

Because I also have gamble in me, and I know the pain this can cause.
Fortunately I learned to manage my risk tolerance

>> No.17227698
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17227698

>>17227245
HAHAHAHAHA... I FUCKING LOVE THIS

>> No.17227918

>>17227245
LOL
shitmex does not follow any orderbook
it simply has impossible wicks that liquidate everyone without enough collateral
it is obvious that the nigger has fake orderbooks and its commiting fraud, imagine for a second a nigger not commiting a crime

>> No.17227934
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17227934

I laugh! At THEIR expense!

>> No.17227983

>>17227245
It was a 60% move so anything above 1x would have ended in liquidation.

>> No.17227987
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17227987

Also note that this happened because there was next to no liquidity, meaning NOBODY ACTUALLY WANTS TO BUY THIS STUPID THING

>> No.17228210
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17228210

>open bitmex account
>keep daily order open 50% market
>if it hits sell on the return to mean
Convince me this would not double my nw every day for a week

>> No.17228221

>>17228210
Uhhh 50% below market

>> No.17228243
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17228243

>>17227364
>>17227419
>>17227473
>>17227698
>>17227918
>>17227934
>>17227983
>>17227987
>>17228210
>>17228221

>> No.17228245
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17228245

>>17227245

>> No.17228257

>>17227364

This.
This ALWAYS happens. It happened on coinbase with Eth a few years ago too, from around 150$ down to like 4$

shit happens. have a stop loss or dont fucking gamble

>> No.17228265
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17228265

>>17228243
These people deserve it, they all deserve it.

>> No.17228269

>>17228210
>>17228221
99.99999% chance your order won't fill, all with the risk of leaving your funds on bitmexico.

>> No.17228278
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17228278

>>17227364
>>17227419
>>17227473
>>17227698
>>17227918
>>17227934
>>17227983
>>17227987
>>17228210
>>17228245
>>17228257
>>17228265
>>17228269

>> No.17228292

>>17228257
That's the funny part. He did have a stop loss. It was "skipped" because that's how little liquidity there was.

>> No.17228295

anyone remember when ETH had a flash crash to $14? Theres a video of it somewhere.

>> No.17228309
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17228309

...

>> No.17228321

>>17227245
fuck them degenerate gamblers. should have learned how to hodl by now

>> No.17228498

>>17228309
A nigger defrauding people. Color me shocked.