/biz/ - Business & Finance

[Anonymous No.20918017]

I lost it all....
I calculated the risk, mitigated the potentials, and did everything correctly.
H-hold me /biz/

[Anonymous No.20918039]

>>20918017
You deserved it for margin trading instead of buying

[Anonymous No.20918067]

>>20918017
??? all you had to do was buy chainlink and hold? why arent you doing that?

[Anonymous No.20918148]

>>20918017
>I lost it all....
yes
>I calculated the risk
no
>mitigated the potentials
no
>and did everything correctly.
no
>H-hold me /biz/
no

[Anonymous No.20918178]

>>20918017
good margin traders get the rope

[Anonymous No.20918186]

>>20918017
>ADL
they sure chose the right name

[Anonymous No.20918326]

>>20918017
You are not alone anon, lots of people got rekt today, stay strong fren.

[Anonymous No.20918343]

>>20918017
how much did you lose

[Anonymous No.20918355]

>>20918017
"Be greedy when everyone else is greedy"
-Warren Buffet

[Anonymous No.20918365]

>I calculated the risk, mitigated the potentials, and did everything correctly.
Untrue, if you did you wouldn't have lost it all.

[Anonymous No.20918379]

>>20918343
$300,000
Not even LARPing bro
I feel weak like my soul left my body dude

[Anonymous No.20918390]

Anti-Dumping League

[Anonymous No.20918410]

>>20918355

[Anonymous No.20918420]

>buy btc
>hold btc

Is it so hard?

[Anonymous No.20918422]

>>20918379
Proof or larp

[Anonymous No.20918464]

>>20918017
Clearly you didn't set a stop loss so you did not do everything correctly.

[Anonymous No.20918470]

I've made so much money in crypto I have idea why people margin trade it. Bitmex is the only real winner in gambling.

[Anonymous No.20918531]

>>20918470
Because some trades are obvious like when ETH broke $400 it’d see a small spike. Good for a quick scalp.

[Anonymous No.20918537]

DON'T PLAY WITH LEVERAGE, YOU MORONS.

Crypto is like a leveraged trade already, don't overdo it

[Anonymous No.20918549]

>>20918017
imagine shorting bitcoin
serves you right for being a retard.

[Anonymous No.20918565]

>>20918017
How the fuck do you get liquidated on a 10% move?

>i calculated the risk
You must be dogshit at math, Bitcoin/ETH historical volatility makes a 10% drawdown nearly a certainty.

Just admit you are a greedy gambler.

[Anonymous No.20918578]

>>20918326
>lots of people
you mean lots of BEARS, bears are not people

[Anonymous No.20918734]

[Anonymous No.20918735]

>>20918186
Kek. You’ve been jewed

[Anonymous No.20918763]

>>20918148
This. If you can "lose it all" on one position, you're gambling and have no idea of what risk management is.

[Anonymous No.20918780]

why no stop loss?

[Anonymous No.20918783]

>>20918734
fucking retard

[Anonymous No.20918784]

>>20918734
Meant for
>>20918422

[Anonymous No.20918825]

>>20918734
So u owe binance money?

[Anonymous No.20918831]

>>20918017
>margin trading on literally the most volatile asset in the history of economics and putting everything you have in one position
>I calculated the risk
Anon...

[Anonymous No.20918881]

>>20918734

[Anonymous No.20918895]

>>20918734
how are you supposed to pay that off?

[Anonymous No.20918921]

>>20918734
What am I looking at here other than a huge L for our bro?

[Anonymous No.20918936]

It’s over.

[Anonymous No.20918945]

Lmfao

[Anonymous No.20918967]

>>20918734
There must be a way to not pay the 190k you owe with a good lawyer.
They are responsible for your trading activity too, and should not have allowed you to take more risk than you were capable of paying with your funds.
You don't have anything left on the platform anymore, so they can't easily take anything else away.

[Anonymous No.20918970]

>>20918936
>reply TRA to transfer funds

TRA

[Anonymous No.20918975]

>>20918936
kek ur fine dude, trump gets re-elected and u get ur debt jubilee

[Anonymous No.20918994]

>>20918464
Apparently you didn't see the chart. As soon as BTC topped $12K there was a MASSIVE bot-initiated short-selling collapse. Slammed it down into the $10K zone for a few seconds before it recovered to around $11.3K.

The botnet traders have been pulling this crap for years. There's no "just set a stop loss" because by the time your stop-loss gets activated the price has dropped hundreds below it and you STILL have to make up for that.

These are not smoothly-trading liquid investments. They are barely-traded highly illiquid gambling. If you want to fuck around with margins and leveraged trading, you are as likely to get killed as you are to make zillions.

But what do I know, I just went long and hodled since 2014.

[Anonymous No.20918995]

>>20918936
TRA

[Anonymous No.20919028]

>>20918936
Well are you going to transfer the fundzu or not anon?

[Anonymous No.20919055]

>>20918734
what in the world? Why did they let you do that? Why did you stop at -190k?

[Anonymous No.20919057]

>>20918017
I feel bad for you anon. What are you going to do next? Do you have enough money in fiat to cover that - $190k?

[Anonymous No.20919058]

>>20918017
>did everything correctly

Then why did you lost it all?

[Anonymous No.20919060]

>>20918379
>>20918734
Jesus. Sorry my dude. I really feel for you.

[Anonymous No.20919085]

>>20918967
I will try this. I can garage sale things to make a retainer. I’ll write down a bunch of business lawyers and call in a few when they open, I don’t get why there is no overdraft protection. I’m also waiting for online chat to open up for my bank

[Anonymous No.20919086]

>>20918734

[Anonymous No.20919092]

What the fuck? How do they let this happen? Where are the blocks? It should have stopped the moment your cash ran out.

[Anonymous No.20919098]

>>20918734
Fuuugggg. Sorry bro

[Anonymous No.20919105]

>>20918936
Get the fuck out of the country

[Anonymous No.20919113]

>>20919085
Do you own any LINK?

[Anonymous No.20919130]

That's really unfortunate my man I'm sorry to see that. The dump was like a fucking dagger out of nowhere. I just buy pure btc and hold nowadays so I don't have to deal with shit like this.

[Anonymous No.20919135]

>>20918017
Wait you didn’t long btc? How you got liquidated that fast?

[Anonymous No.20919138]

>>20918734
Man I wouldn't gamble if I had 109k, the most I'd do is buy some coin and hodl, I don't understand how people get this much more and still want to be really greedy. Sorry for your loss though.

t. poorfag with a poorfolio of 700 bucks

[Anonymous No.20919149]

>>20919138
that's what greed does anon, i dont feel bad for the guy at all, it's an expensive lesson that will be there for a long ass time

[Anonymous No.20919161]

>>20918017
Hey brew, I never held 5 percent of what you lost, but maybe it was supposed to be, imagine where you're going you meet the love of your life. Maybe you're going to meet some friends for life and you'll make it together. Can't tell you it doesn't suck but 300k is something you can get back.

Stand tall my fren

[Anonymous No.20919163]

>>20918537
>Crypto is like a leveraged trade already, don't overdo it
Kinda true. Crypto is already a leveraged market

[Anonymous No.20919165]

>>20918734
Why did your bank allow you to withdrawl more than 190K than your bank balance to Binance? This doesn’t add up.

[Anonymous No.20919195]

>>20918936
>>20918017
>>20918734
>crypto is not a Ponzi scheme I swear!
>it's free money and it's created out of thin air!!
Wew. Such retards.

[Anonymous No.20919207]

>>20918017
144million Longs were liquidated in 130 seconds on BitMex alone lad, cheer up, it’s just part of the game.
https://www.cryptometer.io/bitmex-rekt

[Anonymous No.20919212]

Look at the top of the ss. You know what you gotta do.

[Anonymous No.20919219]

>>20918734
absolutely degenerate gambling how much sympathy can you even have for behaviour as reckless as this.

[Anonymous No.20919227]

>>20919149
Yeah, I feel like people like this must be in positions where they've never had to value money -- whether it be growing up well off and having everything handed to them or getting really luck once and not realizing the same thing can happen in reverse. Growing up poor as shit living in a trailer in WV it's just so alien to me how people can be so careless.

[Anonymous No.20919272]

Damn bro. F

[Anonymous No.20919275]

>>20918578
based and redpilled

[Anonymous No.20919338]

>>20919212
/Diy/

[Anonymous No.20919386]

>>20918067
Gambler mentality. These kind of people are not meant to make it.

[Anonymous No.20919423]

>>20919212
Right. They sell these kits now anyway.
Jannies delete thread please
I’ll find a way to breathe again

[Anonymous No.20919503]

>>20918734
lol imagine margin trading on binance
top retard
at least bitmex only goes to zero and not into the negative

[Anonymous No.20919510]

>put my closing order at 12050
>get greedy, change to 12250 then go to sleep
>forget about it when waking up
>cheerfully check binance futures
Still seething at myself for not sticking to the plan

[Anonymous No.20919534]

>>20918734
haha oh fuck

[Anonymous No.20919576]

Why are you niggers so irresponsible? In what world do you think you can predict an extreme violative market worth millions of dollars sitting on your ass by yourself in front of your computer? In what world does it enter your head that you need to risk almost all your wealth on single trades?

[Anonymous No.20919579]

But is this real or just larp?

[Anonymous No.20919594]

>>20918734
> transferred Aug 1st
> literally lost it in 1 day
Don't know what to say OP

[Anonymous No.20919617]

>>20919503
binance doesnt go negative lol that's a picture of the debt he owes to his bank not binance

[Anonymous No.20919640]

>>20918994
mine got activated bro, saved me from getting liquidated at 28 cents in XRP by setting it on 31 cents, and that shit fell hard and fast straight to 26 cents

[Anonymous No.20919650]

>>20919576
>violative
kek

[Anonymous No.20919710]

>>20919579
He posted proof faggot.

[Anonymous No.20919741]

>>20918734
yeah, i can't laugh at that. may god have mercy on you.

[Anonymous No.20919752]

>>20918936
>reply TRA to transfer funds
https://www.youtube.com/watch?v=z13qnzUQwuI
F op

[Anonymous No.20919833]

>>20918734
>AHHHHHHHHHHHHHHH.jpeg

[Anonymous No.20919859]

>>20919149
I agree. I only set aside 1-5% of my net worth for hodling some coins

[Anonymous No.20919896]

>>20918017
I know it looks bad bro. Just remember, if you have been stably employed, and if all your debts are less than 40% of your income, you can take out a loan to pay it off. A 200k USD loan would look like 1,341.34$ a month. I hope you can pay this off, sorry for your loss. Note, I just plugged 200k USD in to a loan calculator. The numbers may vary according to your credit score... I'm also not a financial consultant, so every bit of financial advice I give should be taken with a grain of salt. Don't listen to the people who are telling you nasty things. Yeah, what you did was incredibly dumb. I don't think it's nasty to say that, that is just true. You can get out of this with time, and perhaps be a better person if it causes meaningful positive change of your behavior. Let it overwhelm you, and perhaps raise your income goals in general to fill the void of lost income. Maybe now you'll work harder, be a better person, and take your future more seriously. Best of luck.

[Anonymous No.20919927]

>auto-deleveraged
My sides

You got auto deleveraged u fool!

[Anonymous No.20919933]

>>20918017
If all of your debts + the loan amount < 40% of your income*

[Anonymous No.20919939]

>>20919896
>paying off a bad trade for 20 fucking years
dude wtf
he can just go bankrupt
be done with in a few years
all good, end of

[Anonymous No.20919968]

>>20918734
>Element: inspected

[Anonymous No.20919999]

>>20919939
It all depends on priorities. If he's ok with a poor credit score for 7 years.. sure.

[Anonymous No.20920008]

>>20918039
this

[Anonymous No.20920052]

>>20919195
It really is free money. For the exchange owners and the insiders who are their friends.

[Anonymous No.20920054]

>>20919939
Let's say he has an income of 175k/yr, and not much debt. He can still take out a loan for 200k and buy... a 400-500k Condo/house (depends where he lives) and be below the 40% threshold. With bad credit this is not an option. I'm assuming a lot here, but so are you. Depends on what he wants going forward, what phase of life he is in..etc.

[Anonymous No.20920112]

>>20918734
jesus lad. Best get on onlyfans and start to twerk

[Anonymous No.20920118]

>>20918734
Thank you for providing liquidity to the market. Your generous contribution is appreciated.

[Anonymous No.20920148]

>>20918936
god fucking damn

[Anonymous No.20920168]

>>20918734
Welcome to the burger college alumni club!

[Anonymous No.20920227]

>>20920054
I can use the cares act and withdraw my 401k, maybe have 50-60k left and I’ll just buy 10k of Eth and XRP

[Anonymous No.20920260]

Why are you telling yourself you calculated the risk when you weren't using a stop loss?
You used too much leverage.
Your liquidation should be a long way below your stop loss. This is your fault and yours alone, like everything in trading.

[Anonymous No.20920275]

>>20918763
>what is LTCM

[Anonymous No.20920279]

Glad the vast majority of my stack is in LINK and I'm now more profitable than I was before the dump.

I kept a little scrap stack for gambling fun on Kucoin to leverage trade. I had it built up from about $70 worth of BTC I deposited to a little over $1100 at the peak from the past week of leveraged trading. I had just recently flipped it to a majority BSV at about 9x leverage, entry 240. I was on the phone, talking to a buddy about how it was unreal how hard shit was moving up when it happened. I had a stop set and it just blew past and didn't even trigger correctly. Ended up losing the whole $1100 plus "owe" kucoin $35 USDT lol. Whatever, they can have the dust in my account...I'll stick to adding to my 1800 LINK and forget margin. It was cute while it lasted, but kikes ruin all the fun.

[Anonymous No.20920284]

>>20920227
I feel for you anon.
Learn from it and come back stronger - Still Gonna Make It

[Anonymous No.20920354]

>>20919576
Billions*

[Anonymous No.20920369]

>>20918017
Buy INTX on hotibit to recoup your losses. It will 10x soon.

[Anonymous No.20920389]

>>20918464
Sometimes stop loss does not work in a dump like that anon

[Anonymous No.20920411]

>>20918936
Kek

[Anonymous No.20920474]

>>20920054
well, if we wanna start assuming everyones a 1% to support our argument(s), sure. But I'm not sure who is making the larger assumptions here desu.
In your scenario, taking the hit maybe makes (some..) sense, sure. For the remaining 99% of us tho, bankruptcy here we come.

[Anonymous No.20920513]

>>20918537
Leverage in crypto is great but you gotta position properly and prepare for buttfucking events like this. The market has been strung out like a week old methhead and it’s been clear as day to anyone who can read a book. Blind fools find the sharp end of a stick, Disciplined players win the game.

[Anonymous No.20920724]

>>20920279
What platform are you using that lets you 9x a crypto but not go below 0 when you lose that much?

[Anonymous No.20920740]

>>20920279
Sorry. I misread. You did owe 35. But I'm still curious to know what you traded on.

[Anonymous No.20920797]

>>20918734
>>20918936
Literally why? You had 100k saved up you could have bought 10k+ worth and just held

[Anonymous No.20920816]

>>20920797
the rush aint the same

[Anonymous No.20920861]

>>20918017
I learned my lesson about margin trading earlier this year when corona wrecked my positions. Never again, only crypto PnD’s or bull/bear derivates that cannot liquidate

[Anonymous No.20920874]

>>20918734
no matter what you think right now, or what's in your head. it's only money, you took a huge motherfuckin risk because crypto is unregulated market and got burnt.

lawyer up, you can definetely go back from this or just go MIA in other state/country.

this is a devil testing you, don't fall it.

i know a guy personally who went from 1000$ to six digits, and lost 99% of it, he's back at six figures. never give up son

[Anonymous No.20920940]

>>20918379
Thanks for ër manee round eye

[Anonymous No.20920950]

>>20919999
What kind of retard need a credit score to begin with.
Why the fuck would you take a loan you retarded goy.

[Anonymous No.20921027]

>>20918178
Ironically i margin traded and did not get liquidated haha

[Anonymous No.20921105]

>>20921027
No matter what kind of gains you can make, the fact that one bad call bankrupts you make the whole thing turboretarded T B H F A M
Unless you're using chump change like that fag >>20920279, and even then owing anything to anyone is a BITCH MOVE

[Anonymous No.20921120]

>>20919999
sigh, checked

[Anonymous No.20921193]

>>20918936
F

[Anonymous No.20921298]

>>20918825
No he owes his bank.

[Anonymous No.20921384]

>>20918017
> 90% of traders lose money
> "i know im going to make my money on margin!"

[Anonymous No.20921442]

>>20918936
just dont pay dude and declare bankrupcy

you won't be able to get a mortgage or loan any time soon but better than being 190k in debt

[Anonymous No.20921456]

>>20921442
also as a side note, if you're planning on doing risky ass trades with high amounts of money, do it under a limited company so you have limited liability when it goes under.

[Anonymous No.20921516]

>>20919195
You realise you can do this with stocks, too, right? These people are retarded gamblers. If you just buy the dip and hold you can make seriously decent gains.

t. up 3500% in the last 18 months.

[Anonymous No.20921635]

>>20920054
I doubt anyone messing with crypto has 175k a year pay.

[Anonymous No.20922165]

>>20918379
Nice larp, man!

[Anonymous No.20922264]

>>20918017
>calculated risk
*blocks your path*

[Anonymous No.20922344]

>>20918936
10/10 larp, I enjoyed it

[Anonymous No.20922380]

>>20918763
if you keep losing, it goes to 0 anyway

[Anonymous No.20922381]

binance might cover your losses op. they issued an announcement

[Anonymous No.20923016]

>>20918936
Break bad and begin a life of cyber crime

[Anonymous No.20923153]

>>20922381
This, all over binance Twitter

[Anonymous No.20923200]

>>20919999
Are you fucking retarded? It's either a bad credit score or having to pay 200k for the span of two decades. Which one do you think is much worse you fuckwit? Why is this even a question?

[Anonymous No.20923372]

>>20923200
bro dont talk to quads like that.

[Anonymous No.20924183]

>>20918734
I get stomach ulcers just looking at it lel

[Anonymous No.20924214]

>>20918017
>I calculated the risk, mitigated the potentials, and did everything correctly.
clearly you didn't even learn the basics of bankroll management

anyways go see a psychologist if you're completely devastated

[Anonymous No.20924222]

>>20918017
>Calculated the risk
You forgot one important thing; You were playing poker against someone who gets to peak at your cards. Stop leveraging on centralized exchanges!

[Anonymous No.20924266]

>>20918967
>>20919085
kys

faggots like you will destroy the market with retarded regulation. faggots like you is what regulated forex to death. fuck you

[Anonymous No.20924292]

>>20918734
>ARE YOU READY

[Anonymous No.20924296]

dont kys but just declare bankruptcy and get over with it. book a psychologist appointment. youre a fucking retard and this is your own fault, don't blame anyone else

[Anonymous No.20924330]

>>20918936
nice fake screener, you can clearly see the font differences.

[Anonymous No.20924332]

>>20918967
>>20919085
>Given freedom to do whatever you want and you fuck up.
>REEEEEE SEC, Mr Jew layer help me.
Kill yourself. The weak and reckless like you are filtered out of making it.

[Anonymous No.20924432]

one for the archives

[Anonymous No.20924493]

>>20918734

[Anonymous No.20924644]

if you are still alive OP, my advice would be to call your bank and say the binance deposits are fraudulent and keep saying "chinese company" and "chinese scam" and basically keep repeating china and maybe they will think you got ripped off and give you your money back. this is kinda like what the US is doing right now

[Anonymous No.20924709]

I lost 30k in bitconnect op

My whole life savings.

Now I have 10k links


There will be more opportunities

[Anonymous No.20924753]

You deserve everything you fucking get. Margin trading and giving literal retards like you access to 50x or even 100x margin trading should be illegal. Its destroying crypto and ruining lives. Why in the actual fuck would you do margin trading on crypto? Its KNOWN to have 30-40% swings as a rule not the exception. You are literally begging to get liquidated if you margin trade crypto. But whatever dumbfucks keep buying high and selling low.

[Anonymous No.20924830]

>>20918355
Check'd and kek'd

[Anonymous No.20924844]

>>20924709
this tells everything about link holders

[Anonymous No.20924852]

>>20924709
/biz/ called out bitconnect as a Ponzi over half a year before it collapsed, how could you be so retarded?

[Anonymous No.20924905]

>>20918734
What kind of bank allows a transacción for 190k without bloking the transacción first and request auth.

[Anonymous No.20924935]

last time i put a stop loss on Binance it was partially filled by a scam wick
wish i took a screenshot

[Anonymous No.20924973]

>>20924935
as in it partially filled and then continued to drop to a lower price*

[Anonymous No.20924979]

>>20919165
This. No bank is going to let you overdraft by almost 200k, much less send the overdrafted funds to binance. This is pure bullshit.

[Anonymous No.20925032]

>>20918780
Was a brutal fall in matter of second.

I had $25 on ripplex20 and I cound't do shit when the drop began.

Now $25 is nothing, but still, I've learned my lesson, leaverage is dangerous af

[Anonymous No.20925071]

I lost $1400.00 USD margin trading /longing BTC last night on that candle also OP. I was upset and drank a bottle of whiskey and am hungover reading this thread. If it’s any consultation you made me feel alot better about myself. The question is are you going to keep gambling? I’m going to put another thousand in tomorrow and try again

[Anonymous No.20925115]

>>20918734
this is super fake, no bank in the world would allow a account to go over 190k into minus

[Anonymous No.20925122]

>ADL

OY VEY

[Anonymous No.20925145]

>>20918936
fake. no bank would let a account go 190k into minus

[Anonymous No.20925177]

>>20920950
Credit scores don't just affect your chance of a loan or mortgage, it affects if you can get a mobile phone contract, contracts for utility bills, etc.

[Q No.20925246]

>>20918017
hahaha cuck.
dont know you know how to crypto
these pull backs are expected especially at major resistances. fucking cuck lol

[Anonymous No.20925282]

>>20918039
>>20920008
You know the chance of having 6 million instead of 2 in the future is really tempting, thats why some of us margin trade,others have other reasons.

[Anonymous No.20925352]

>>20918017
Obviously you DIDNT do everything correctly, or else you wouldn’t be in this position.
Fucking retard.

[Anonymous No.20925570]

>>20925115
>>20925145
that was my first question too
no way this is real, no bank would transfer out 200k in overdraft to a dodgy malta account
i always wondered how these margin casinos enforce payment, the images regularly shared here of people being kicked out of winning trades for costing the casino too much money imply they have no way to mitigate risk

[Anonymous No.20925926]

>>20920275
LTCM is a great example of hubris and overleverage leading to massive collapse