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/biz/ - Business & Finance


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18984745 No.18984745 [Reply] [Original]

I lost $83,467.22 when bitcorn hit 8205 (my liq price).

How do I even go on at this point?

That was 95% of my net worth. All gone in a 10 minutes span.

>> No.18984780

>>18984745
You didn't earn it if you were dumb enough to risk it gambling like that. Go back to work, have fun throwing away a decade.

>> No.18984810

>>18984745
don't risk 95% of your net worth retard

>> No.18984819

LOL

>> No.18984827

Im so sorry for your loss. I lost 850,000 in the start of 2018 crash.

>> No.18984833

IT ALL RETURNS TO NOTHING

>> No.18984842
File: 34 KB, 640x480, Lum-4175.jpg [View same] [iqdb] [saucenao] [google]
18984842

>>18984745
Anon I....

>> No.18984855

It would obviously dump before the news, you just had to short.

>> No.18984856

>>18984745
HAHAHAHA GOT EM!!!! STUPID FUCKER!!!

>> No.18984864

From dust you came and to dust you shall return.

>> No.18984868

>>18984745
Are those posts real? people really gamble tons of money at an obvious top?

>> No.18984869

>>18984745
why would you gamble like that

>> No.18984904

why would you do this to yourself son?
you do remember 12 march right?
did you thought it was impossible for it to happen again?

>> No.18984917
File: 56 KB, 425x721, images (60).jpg [View same] [iqdb] [saucenao] [google]
18984917

I was in the same boat, I had link short position at $3.6 and I went to sleep crying because link was $4+. Woke up and saw it dipped back to 3.4 and triggered my 3.6 sell order. Feels so fucking good. Never touching leverage trading ever again.

>> No.18984931

>>18984780
I got that money from my job, fuckface. Which I don't have anymore thanks to thee corona hoax. Hence why I started trading this scam.

>> No.18984949

same happened to me two weeks ago its a lesson

>> No.18984961

so? just wait to get back at 10k and beyond

>> No.18984964

>>18984745
why didn't you have a stop loss? you did have a plan with r/r calculated, right?

>> No.18984981

>>18984745
degenerate gamblers always get their dues

>> No.18985020

You didn't lose shit if you didn't sell. It'll go back up retard

>> No.18985022

>>18984964
I thought I had more time to find a good SL.

>> No.18985038

>>18984961
>>18985020
I was liquidated you dumb fucks. The money is in Richard's gaping asshole now.

>> No.18985051

>>18984745
how the fuck do you risk 95% of your net worth like that without even putting up a stop loss? You literally have to be retarded.
I sometimes use leverage with a huge portion of my stack as well, when I feel very confident about a trade (never more than 3x tho) and I always put very careful stop losses and never had problems.

>> No.18985068

>>18985038
pics or gay larp

>> No.18985084

>>18985068
Of Richard's gaping asshole?

Give me a minute.

>> No.18985088

>>18985038
LARP
No fucking way this is real

>> No.18985095

>>18985038
>you dumb fucks
I'm not the one who lost 83k in one day retard

>> No.18985138

How do I delete a thread on this dogshit ass garbage honeypot site?

>> No.18985149

>>18985138
kek what a retard

>> No.18985181

>>18984833
Fuck. Story?

>> No.18985190
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18985190

>>18985138
You gotta lose to win my friend... Remember that.

>> No.18985202

>>18985181
Whoops meant to ask >>18984827. Story?

>> No.18985245

>>18985202
original post was better

>> No.18985358

>>18984745
should have listened to them mega ultra big dick whales... tsk tsk

>> No.18985404

>no proof
>20 gazillion fucking replies
every fucking time

>> No.18986229

>>18984745
yeah bulls got greedy and got liqd we can go up now

>> No.18986437
File: 1.56 MB, 1200x2000, 1573679632097.png [View same] [iqdb] [saucenao] [google]
18986437

>>18984868

>> No.18986517

>>18984931
What happened is not a scam. You're the one who decided to play a game of degenerate gambling and it blew up in your face. Thats on you alone. You're still young, learn from your mistake and you'll have plenty of opportunities. If you want to see a scam watch what happens to Boomer's pension funds in the next 2 years.

>> No.18986615

>>18984931
>Loses job
>Now dependent on savings from job
>Decides to gamble it to earn more money
>loses again
>comes onto korean basketweaving forum to complain about his loses
why is this always the first thing people do

>> No.18986626

>>18986615
losses*

>> No.18986725

>>18985404
Does he really need to post proof? His story isn’t unbelievable at all, you’re just poor.

>> No.18986762

>>18985138
post CP

>> No.18986822

Use tokensets instead and let professionals handle it.

>> No.18986889

The the few thousand you have left and buy ESH. If it goes up 50x within the next few months, you have it all back.

>> No.18986928

>>18986437
>>take risk when there are blood in the streets
biz reasoning at its finest

>> No.18986999
File: 142 KB, 512x500, spinning-smiley.gif [View same] [iqdb] [saucenao] [google]
18986999

>>18984745
That makes me feel a little better. I lost $20k trading crypto, then lost $15k trading stock options.

>> No.18987116

GOD DAMN, I FUCKING HATE THE FAGGOTS WHO ONLY, ONLY CALL IT GAMBLING WHEN YOU LOSE!

LIKE DO YOU FAGGOT BRAINLETS EVEN HAVE A MODICUM OF DIGNITY? WHEN YOU BRAINLET FAGGOTS ARE MAKING MONEY YOU PAT YOURSELVES ON THE BACK AND CALL IT INVESTING. WHEN OTHER PEOPLE LOSE MONEY YOU CALL THEM DEGENERATE GAMBLERS.

THIS IS A ZERO SUM GAME YOU RETARDED FAGGOT COCKSUCKING BRAINLETS.

HOPE YOU ALL LOSE IT ALL YOU FUCKING GAMBLING FAGGOTS.

>> No.18987141

>>18984745
how the fuck do you trade btc with leverage? is it ACTUAL btc or futures btc? I only find futures contracts for bitcoin leveraged trading

>> No.18987169
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18987169

>>18984931
wowie im just starting out better trade with fucking leverage

>> No.18987196

>>18987116
When you take a 50:50 bet that returns 2x you're gambling. If it returns 2.01x you're investing. It's how casinos work.

>> No.18987202

Expect more thrills and chills and outlandish whalish behavior as we head into Bitcoin's halving next week

>> No.18987264
File: 567 KB, 678x362, oh u mad huh.png [View same] [iqdb] [saucenao] [google]
18987264

>>18987116
haaaaaaahahahahaha

> u mad

>> No.18987309

>>18984745
I am sorry to hear this.
I also lost a lot.
My advice is to look at this as a lesson. An expensive one, but nevertheless a good one.
Write down what you learnt from it.

If I can give you an advice, platforms like deribit gradually liquidate a position as opposed to bitmex which liquidates all of a sudden.
But other than that, it's all self-reflection.
Anyway life doesn't end for a loss of money; eventually time destroys everything we own, not just money. So take your time to recover and put yourself together.

>> No.18987310

>>18985138
bottom right OP

>> No.18987324

>>18984745
Since theres a thread of expert bear traders, could i trouble you boys to ask a few questions regarding futures?

>> No.18987326
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18987326

>>18984931
>loses job
>thinks he can suddenly day trade
You people are literally everywhere. Ugh

>> No.18987385

>>18984931
So your first ever trade was to take the life-savings earned from your minimum wage role and gamble it all on leveraged synthetics...

This is why people don't trust Jews. Dumb faggots like yourself getting tricked into Jewish financial scams.

I genuinely feel sorry for you anon, and wish you all the best in your future. Try to see this as a learning/growth opportunity and don't get caught up in the trauma of late-night post-hoc rationalisations.

>> No.18987852

If you were doing 10x leverage, you only had a 10% cushion from liquidation.

How much was your leverage? Anything above like 2x is heavily risky.

>> No.18987880

>>18984745
That's what you get for fucking with leverage in a clown town market. All you had to do was buy the ARPA dip and wait for main net, but you didn't.

>> No.18987884

>>18984745
you hold on those BTC, live from the trash if you have to, and wait.
It will likely recover.

>> No.18987919
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18987919

>>18984745
>investing 95% of your net worth

>> No.18988000

>>18984745
Why din’t you just hold it you dummy
Why set a liq price at all?

>> No.18988016

>>18984745
>bet everything on the Wild West of finance
>lose everything
Kek. Retard.

>> No.18988039

>>18987884
He lost it, even the btc

>> No.18988090

>>18984745
F

>> No.18988098

>>18988000
He borrowed money for his trade using his balance as collateral. When his balance couldn't cover the loan anymore his account was drained. Bitmex is allowed to do this under US law as reparations for slavery.

>> No.18988134

i lost about $600 all told after being up $6000 today and I literally almost realized all of that but instead converted to eth and lost all my gains on the crash and then on transaction fees - spend over $300 on transaction fees cashing out to USDC - Finally in USDC sitting about $600 less than where I started yesterday

fuck this gay earth

>> No.18988135
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18988135

>>18984745
>”investing” in make believe money
LMAO

>> No.18988148

>>18986437
RIP

>> No.18988297

>>18984745
you didn't deserved heaving that money.

>> No.18988343

>>18984745
You actually made money because you learned a lesson and made biz frens along the way.

>> No.18988431

test

>> No.18988497

>>18984745
Go to the stock market thread and read up on money and risk management.
Never risk more than 1% of your assets on a trade in the future...

>> No.18988658

>>18987309
I hope you learn that learned is the past tense of learn.

>> No.18989292

>>18987116
how much did u lose lol

>> No.18989387

>>18984745
You were #picrelated
Better order that book and get your shit together

>> No.18989402
File: 179 KB, 600x912, FooledByRandomness-by-NassimTaleb.jpg [View same] [iqdb] [saucenao] [google]
18989402

>>18989387
>pic related

>> No.18989435

>>18988098

Yes, option trading platforms for retarded normies is a literal goldmine

Imagine insane profit they make doing absolutely nothing.

>> No.18989517

>>18987324
yeah theyre going down, any more questions?

>> No.18989583

>>18984745
post lost and unironically put the rest in ZRX and XTZ

>> No.18989737

>>18984745
anon, I lost more than 90% of my net worth too in scam ICOs in 2018-2019 and that was the rock bottom from me. Just keep trading with more tight portfolio management and discipline. We're all gonna make it especially if you put all of your remaining net worth in STAKE now kek (I'm serious btw)