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/biz/ - Business & Finance

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18640804 No.18640804 [Reply] [Original]

https://twitter.com/BXRekt/with_replies?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
are you ok bobo ?

>> No.18640867

>>18640804
i don't get it, is that how much they lost? the millions figures?

>> No.18640916

>>18640867
it's how much the position was worth
so the minimum amount they actually lost is 100x less

>> No.18641076

>>18640867
they're not actually losing millions, since their positions are leveraged. But it's still a lot of money to gamble with

>> No.18641106

>>18641076
>>18640916
So the vast majority of these sums are then used to buy back the underlying asset, right?

>> No.18641134

I'm shorting now.
Let's see what happens.

>> No.18641153

>>18641106
if you are liquidated you lose it all, if you are leveraged 100x a 1% change liquidates you I believe so most of those were probably people with 100-300k doing x10 shorts and lost everything they had

>> No.18641168

>>18641153
Yes, but since the leveraged part was borrowed by the shorter to be sold, doesn't that mean that this same leveraged part now has to be used to buy back in?

>> No.18641173

>>18641106
yes but still, in the case of the one rekt above 7500 it could be a lot more since it's a new high for the price those guys might have been liquidated on a 10x or even less
one guy might have actually shorted 5x with 1 million at 6k and just lost it all

>> No.18641233

>>18641173
kek I can't even imagine what that feels like

>> No.18641254

>>18641233
hopefully if you're gambling with that much money you have 1000x more in your bank account
otherwise you just KYS

>> No.18641317

>>18641254


if it goes back down to 6k and back to 8k Im gonna lmao

>> No.18641345

>>18641317
it's possible most of these scam pump happen to kill over leveraged traders

>> No.18641650

this is it the big squeeze , the pre halvening pump so that every retard fomos in before it lets out the biggest red dildo out of its asshole as it goes to 3-4 k