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25177682 No.25177682 [Reply] [Original]

Will i get raped?

>> No.25177694

Yeah, probably. Shouldn't have used margin, the house always wins.

>> No.25177770

>>25177682

As long as you leveraged the usdt/link pair you will probably be fine.

If you had leveraged the btc/link pair though, it would be a different story.

BTC has got everything going for it right now (institutions, dumb stimulus money, inflation, no SEC lawsuit, just broke ath after years of bear market, etc). Link is over-priced and will get rekt by the SEC.

>> No.25178140

>>25177694
I longed over aave, so there is no house.
>>25177770
Yes, i longed the usd pair, but i feel like we are hours before a march like crash

>> No.25178793

>>25177682
Just eliminate your leverage and add leverage back when we hit $5. Set your new liquidation price at $2.

>> No.25179161

>>25177682
I don't think it will hit $4.50, but if it hits $5 or $4.75 you will probably liquidate your own position voluntarily. I recommend you calculate how much money you will lose at each major price level. $9, $8, $7, $6, $5 and then decide if you are comfortable losing that much money. The market makers know there are fucktons of leveraged longs in LINK. I think they will crash LINK to $5 or lower specifically to liquidate the leveraged longs before resuming the march to $1000. I am also a failure at life, so please consider this before taking any of my advice.

>> No.25179512

>>25177682
The gap between $4.95 and $5.50 has never been retraced.