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/biz/ - Business & Finance


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18147261 No.18147261 [Reply] [Original]

Binance to delist all FTX Leveraged Tokens because you're too stupid.

>Due to lack of understanding of how leveraged tokens work by many of our users, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs, and will stop trading at 2020/03/31 10:00 AM (UTC). We will close deposits and withdrawals for all FTX leveraged tokens at 2020/03/31 08:00 AM.

https://binance.zendesk.com/hc/en-us/articles/360041613471

>> No.18147273

>>18147261
brainlets man I swear
oh well, at least there is ftx

>> No.18147286

Amazing

>> No.18147317

>>18147261
What are FTX leveraged tokens? I can't imagine Binance was losing money from people not knowing what they were doing.

>> No.18147339

>>18147317
Binance wasn't losing money. Customers were. This is why they decided to delist because it would drive people away.
Bet you are one of those customers, by the way you read stuff

>> No.18147343

>>18147317
Probably got too many complaints when the price got back to their buy-in but their USD volume was way down.

>> No.18147349

>>18147261
So no more bull and bear tokens?
I made so much with that shit

>> No.18147352

Never even heard of an ftx. Qrd for a 5yo?

>> No.18147379 [DELETED] 

Great. I took a massive BEAR position for the long slide down.

>> No.18147414

>>18147352
https://ftx.com/

>> No.18147520

>>18147261
NOOOOO
I CAN'T DO LEVERAGE WITHOUT THIS.
WHAT THE FUCK

>> No.18147533

>>18147261
>>>18147261 (OP)
fucking assholes

>> No.18147547

That's a woman

>> No.18147557

Honestly I am 70% down in the past 2 weeks because of these tokens.
But I wanted to make that money back by learning how to use them.
Now they're leaving me at the bottom with no way to make the money back.

>> No.18147562

>>18147261
Coz FTX is guaranteed to be scam in the future. That's why Binance made the first move to delist any FTX shit stuff

>> No.18147584

>>18147339
never used binance or leverage. I'm just surprised that they are willingly making less money

>> No.18147601

>>18147414
How could people not understand that? Sounds like margin trading with less risk of getting btfo’d

>> No.18147637

>>18147557
how? you aren't supposed to hold them for more than a couple of days

>> No.18147657

>>18147637
I held them for weeks and I didn't sell when I was 30% up. It's my own fault for being greedy. I used them like shitcoins instead of for leverage. Probably what a lot of people did

>> No.18147739

>>18147601
no idea, it's not hard to understand that a 3x leverage token will fail to track price of the underlying asset over longer periods of time

it's common knowledge with the 3x ETFs

>> No.18147832

>>18147657
supposed to be a hedge m8

>> No.18148504

I don't get it. Can't you just buy ETHbull and hold until green? What's the problem, who doesn't understand this? Seems safer than using leverage

>> No.18148635

>>18148504
It might go green for a few hours but after that you lose money. Hold for a week in a crab market and you lose all your money.

>> No.18148699

Aka they realized they were in murky waters and could be legally fucked so had to spin it off as if they're helping their customers.

>> No.18149417

>>18147261
oh, now he's CUTE

>> No.18149772
File: 2.22 MB, 998x1086, jenneke2.png [View same] [iqdb] [saucenao] [google]
18149772

>>18147261
damn she hit the wall hard. I remember in 2012-14 she was just some cute fit PAWG with some cute dance

now she literally looks like a man at 26. goddamn anglo genes.

>> No.18150885
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18150885

>>18149772
Slightly masculine but still hot pro and olympian athlete gril thread?

>> No.18150891
File: 78 KB, 1280x720, snu2.jpg [View same] [iqdb] [saucenao] [google]
18150891

>>18150885

>> No.18151044

>>18147261
Fck your leveraging, you cunts. It's your kind that brought the crypto bull run of 2017 to a stop. You should be lined up n shot... We would have seen 25k to 50k before the major retraction.

>> No.18151138

Fucking CZ doing everything he can to prevent bitcoin from tanking what a fucking shill

I thought btc was supposed to be decentralized? Lol yeah right

>> No.18151540

>>18147557
>Honestly I am 70% down in the past 2 weeks

How much were you risking on these things?

>> No.18152031
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18152031

>>18150885
>Slightly masculine but still hot pro and olympian athlete gril thread?
How about a very masculine woman?

>> No.18152051
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18152051

Look at the fucking bulge in her pants

>> No.18152066

>>18147601
depends how you trade them, idiots who dont understand them might hold them over a day and get rebalanced & rekt longterm

>> No.18152084

>>18148504
its not just a "simple 3x future" the way it works is complicated (rebalancing daily) so crab market makes them devalue

>> No.18152086

>>18151138
The bullshit from Binance and friends is why I sold my BTC months ago. BTC isnt shit if its still controlled by a handful of entities(Binance, BitMEX, etc)

>> No.18153399

>>18147261
I can see her pusy

>> No.18153425

>>18149772
>>18150885
>>18150891
>>18152031
>>18152051
>>18147261
These are all men.

>> No.18153962

>>18153425
>>18150891
>>18150885
>>18149772
>>18147261
These are all women