My ETH LONG just got margin called

massdebater
massdebater

WIth my luck ETH will now rebound and moon within the next 4 hours.

Methshot
Methshot

What happens now? You lose 3 BTC?

PackManBrainlure
PackManBrainlure

buying on margin
ever

LuckyDusty
LuckyDusty

@Methshot
4.5

no biggie but sorta sucks - i only put in trading account what I could afford to lose

was up 30 btc in profit off 5 trades, and for the last 27 trades in a row I've made small losses - then out of nowhere yesterday BTC started to moon, I tried to hold through it expecting it to stop and ETH to rebound and - well - we all know what happened next...

TechHater
TechHater

@Methshot
He has a choice to hold and hope it never goes down a few more cents cause 100% liquidation
or: he can sell now and take the 95% loss

PurpleCharger
PurpleCharger

@massdebater
Is ETH over, should I have sold at 300...

Supergrass
Supergrass

was literally 10 sats away from getting margin called on my XMR long

the ride never ends

Dreamworx
Dreamworx

@LuckyDusty
you just lost future millions

Stark_Naked
Stark_Naked

@massdebater
liquidated at .0645

and as predicted, we're recovering

Spamalot
Spamalot

TIIIMMMMMMMMMBER

Evil_kitten
Evil_kitten

@Stark_Naked
ETH looking good, but you people should stop using "stop-losses". Grow a pair and learn how to hold, specially because Ethereum is not just "another crypto", is the direct alternative for those who can't afford to buy cheap Bitcoins anymore.

w8t4u
w8t4u

@Evil_kitten
it wasn't a stop loss - it was a forced liquidation

Poker_Star
Poker_Star

@massdebater
Oh fuck.. is it over? Did I make it through? Halleluja!

I was this fuckin close man.

Methshot
Methshot

@massdebater

like clockwork

BinaryMan
BinaryMan

@w8t4u
I feel your pain.I had to run to the bank, use my credit card for a cash advance, quick put that in my checking, run home, hit coinbase for ether and quick quick transfer to Kraken.

lol

BunnyJinx
BunnyJinx

@Methshot
Im literally in tears right now.

Holey fuk

Illusionz
Illusionz

@Methshot
did you lose it all. I was getting nervous myself

viagrandad
viagrandad

@BinaryMan
Veeky Forums bro, I just had to buy from coinbase quickly just to save my ass too. Close calls.

askme
askme

can I have your remaining coin lol

Emberburn
Emberburn

@Methshot
Don't worry, it happens to us all.
I'm convinced it's joo magic

WebTool
WebTool

Hey at least you're not this guy.

This is a Dash short in March. Yep, at the beginning of the bull market.

Fuzzy_Logic
Fuzzy_Logic

@massdebater

looks like the same happened to someone much bigger than you too, massive liquidation all the way down to 0.05

massdebater
massdebater

@WebTool
this made me whince. wtf man

SniperWish
SniperWish

@WebTool
is this the dude from last night who said he shorted bitcoin and was going to kill himself if he got margin called?
mfw

w8t4u
w8t4u

@Stark_Naked
low 0.0501
jesus, I need to have some standing buy orders on this shit

Also, who the fuck has this much money but doesn't have the intelligence to sell gradually?

JunkTop
JunkTop

@PackManBrainlure
not going 100x margin on BitMEX
It's like you don't even want money.

JunkTop
JunkTop

@w8t4u
people who don't live in alabama, missouri, kansas, ohio, minnesota, zimbabwe

Soft_member
Soft_member

@w8t4u
Those are margin positions being liquidated and stop losses getting hit all in one big clusterfuck

w8t4u
w8t4u

@Soft_member
i believe the term is 'cascading margin call' - the same thing happened when ETH hit like 10 cents on GDAX - you can force this to happen if you're a whale, and want to essentially go 'stop loss hunting'

TreeEater
TreeEater

@massdebater
hey user, you should trade on margin, it's basically free money!

Burnblaze
Burnblaze

ive spent the last 10 minutes going balls deep.

pray for me

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