/biz/ - Business & Finance

>>17223792
i really feel sorry for him. thats not fair.

>>17223792
He had a leveraged long position, the market flash crashed, stop loss didn't trigger (or didn't have a chance to trigger) and he got liquidated. Is that what happened?

smiling_bitmex_negro.jpg

He can flash crash entire markets just to liquidate his customers. How based is that?

>>17223831
Yup, he got gapped over

Yep.

If you're going to trade on bitmex, use low lev. The order book was so thin it was begging to be offered.

>>17223792
Why the fuck people keep gambling
I mean we have double digit volatility, margin trading is insanely retarded

>>17223792
>Is it called Ripple, XRP, or dogshit? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha!

>>17223831
Natalya is so cute

>>17223792
Nigga got #GAPPED

It depends if he used a limit or market stop.

Arthur is the most based black man I've ever seen. Gotta love him taking all the money from the gamblers.

>>17223877
it doesn't even matter when the volatility cranks up to 11.

You know people aren't exaggerating or joking when they say this is gambling. And this is proof. At some point the house will say "no fuck you that's enough. You had your fun now get out"

>>17223831

that wick did not represent fair market value.

imagine unironically using leverage

>>17223866
:3

>>17223835
not on the perpetual contract though because liquidation is tied to an external index which is why it's such a good product. these little shitcoin futures markets, I guess not so much.

>>17223792
>he got liquidated over a 0.002 move
imagine being this fucking retard, mustve leveraged x100 or something even more retarded

>>17224191
are you fucking blind ?
even the 2x got liquidated on that, every single long was liquidated on that wick

>>17224191
Dude, that liquidates any position above 1.8x leverage, assuming he entered at .33

>>17223852
Because instant gratification baboons want to be rich quickly. They want x100 returns overnight.

>>17224220
why would you long a shitcoin anyway

>>17223850
that is low leverage genius, even someone on 2x would've got liquidated on that

>>17224245
Why would you trade a shitcoin anyways? I just sit on my bag and let it run.

>>17224234
>>17224220
oh I didnt notice the wick
hes still a fucking retard for leverage trading at all lel
especially rippleshit

deserved it
don't trade on nigger casino

>>17224029
i do sometimes but i don't use more then $100

>>17223857
How many teeth does Arthur have?

My apologies for those wasted quads. Link $0.5 eoy

>>17224245
you should ask linkers that same question

>>17223831
Don't they use a mark price for liquidation? That wick shouldn't have done anything, unless he got liquidated on the red candle before. Can someone explain?

>>17224234
please answer this for me:
>>17224550
Note, the mark price didn't go down afaik

>>17224587
You'd guess that's how it should work, yes. Some people got burned. They might've been degenerates that used the wick as an excuse to justify their overleveraged position, or it's a whale being an ass and abusing Arthur's shitty liquidation engine. Who knows.

>>17224293
Based

How did he get liquidated? Isn't there a mark price? Price only traded there for less than a minute. I doubt mark price crashed along with it. So probably he was leveraged very high and he would have gotten liquidated anyway despite the ensuing flash crash.
>Muh stop
BitMex is notorious for fucking over traders on system malfunctioning. Stop bitching.

Why didn't he use mark price as stop?

>>17224850
Had the scenario been a bit different such as it actually crashing and BitMex steamrolling the way down he would have lost a lot more than he actually wants. But in all fairness he's a complete noob who doesn't even know what mark price is so I doubt it even crossed his mind.

>>17224736
straight from https://www.bitmex.com/app/liquidation:
>BitMEX uses Fair Price Marking for the purpose of avoiding liquidation due to illiquid markets or manipulation.

I think the guy in OP has to be lying or maybe he can sue? Or maybe his stop did trigger, but at the bottom of the wick where his net worth would have been 0 (or negative), especially if he used a market stop (I would NEVER use those).

I only trade spot but recently started dabbling in futures (Binance's) with small amounts and this worries me. I thought I understood this...

>>17224978
Ok so it's Arthur's fault he didn't use proper risk management....?

holy fuck

>>17224444
>How many teeth does Arthur have?
he grows a new tooth every time a rekt pleb gets liquidated.

>>17224029
Imagine ironically using leverage

>>17224999
Not saying that. Simply giving a scenario where a stoploss based on mark price would end up costing you significantly more than market. Although its his own fault Bitmex is a scam.
>>17224990
>sueing a company registered on some offshore island with millions of dollars ready to fund the finest jewish lawyers

Clearly an idiot. Do not follow idiots.

>>17223792
But he said his stop loss didn't go through how did he lose capital? I'm confus.

>>17225111
Nevermind, I'm a brainlet.

>>17223857
most based nigger in this planet

>>17225056
Ok then, fair point

Just annoyed by crybabies who thinks everything is the markets fault

>>17224990
Yes, FPM should work.
>maybe he can sue?
Sue an exchange on the Seychelles? Come on, now.

>>17223792
guys, don't trade on Bittmex, it's a fucking rigged casino

>>17225202
Bull trend on BMEX, Bear trend on Binance.
Which other (respectable) exchange does futures with BTC payout?

>>17225141
so wait, did his stop loss trigger, not using mark price but the instrument's price, and using leverage would have wiped him out? Or did bitmex's engine make a mistake? I feel like there's no way it was the latter and maybe this guy is a moron?

>>17225267
100% the latter. He didn't post his position nor orders, did he?

>>17225285
I mean the former. Sorry.

>>17223792
>>17223831
>>17224220
He had his stop limit set too tight, and the market ran right past him and didn't fill his stops. Because he was using cross margin this consequently blew his whole account.

Based Arthur enforcing Sharia Law on these gamblers

>>17225267
>maybe this guy is a moron?

idk desu bro take a look at pic related and tell me what you think...

>>17225339
a fool and his money, so to speak

>>17223792
Based

I still don't think he was liquidated

>>17223792
Bet he had a stop limit

>>17225339
how do I short this guy

>>17225339
jesus H

>not market selling on your shitcoin stop losses
Ngmi

how bitmex isn't shut down by the feds i'll never know

I had a 25x long position open on bitmex on XRP and closed it yesterday. was sad all day today because xrp kept going up. bullet dodged i guess

>>17225339
kek

>>17223792
lmao faggots thinking XRP is trustworthy to margin trade. Might as well fly to israel and just give the jews your cash in person. All margin traders deserve financial ruin. Learn to trade you parasites.

>>17225387
disgusting sodomite jewish cartoon. That picture is cursed with evil.

>>17225524
>>17225513

DA JOOOOOOOOOOOOOOOOOOOOOOS

>>17223831
>the market flash crashed,
no such thing friendo

>>17225339
what the actual fuck this guy isn't real. 7 figures and he is still trading like that? I think this guys is just fucking around lol.

>>17223792
>>17225339
Wat een koning

>>17225339
fucking degenerate piece of shit doesn't deserve his money, I wish this guy lose everything and kill himself, he absolutely deserve it

Can any bizbros explain why his stop wasn't hit and just in general how to protect yourself from a flash crash?

>>17225339
I don't get why someone would want these stories out there .

>>17225861
>Can any bizbros explain why his stop wasn't hit
because bitmex is a scam

> how to protect yourself from a flash crash?
don't trade on bitmex

>>17223792
kut marc

>>17225267
don't fucking margin trade retards

>>17225539
t. actual kike
bluepilled homosexual

>>17224013
goldman sachs can fill their longs however they want
it's a free market buddy

>>17225339
And he's still alive?

>>17226064
What does t. mean?

>>17225339
It's better than those people who lose just as much but only talk about their winnings

>>17225339
I think I feel better now

>>17225267
Flash crashes don't trigger stop loss levels because the price moves too quickly. FX has the same phenomenon.

>>17223831
Who is this semen demon?

>>17223857
Good god. Legendary.

>>17226146
Go back

>>17226146
newfag

tfw wasted 3 months of my life trading on mex, lost a bunch of $, revenge traded it all back and got the fuck out of that scam, i bet arthur is fuming still at the fact that he could take my shekels.

>>17225086
>first lower high
how the fuck is this nigga supposed to know the top of that candle wasn't just a refueling point before the next ATH?
goddamn.

>>17226579
couldnt* FUCK U ARTHUR!

>>17225339
So the guy is basically a moron who loses money constantly (or maybe he's just LARPing for attention).

>>17225111
>>17225123
trips confirm

>>17226590
Yeah sure thing kiddo
Some billionaire gives a fucking about your shitty 20k shekles
Fucking dumbass

>>17226606
>So the guy is basically a moron who loses money constantly (or maybe he's just LARPing for attention).

probably the former, i.e. he literally got lucky by buying btc cheap. you can also see it this way - there are retarded neets on /biz/ with huge link stacks that will act the same in about 3-5 years.

>>17226686
its not about how much he makes off you bro, arthur is a gorilionaire he doesnt care about the amount anymore, its about the fact that HE took YOUR money, thats why he's seething.