FUCKING KEK
FUCKING KEK
I dont get it
His short to buy 5 million BTC was liquidated
someone lost $5 million dollars betting on bitcoin to go down and it went up
Fukken rekt
Eh, might be 50k if he used 100x leverage. It's 5 million contracts, not dollars.
>doesnt know contracts= dollars
IM FUCKING DONE WITH THIS BOARD FFS
> doesn't realize it's 100x leverage
> 100x 50k = 5 million
gtfo newfag brainlet
>if im right i get 5 mil
>if im wrong i pay 50k
you are an absolute shitstain of a brainlet
So, this guy?
That's literally what leverage allows you to do. It's just far more likely you're wrong the more you leverage your position.
dang, THIS ONE
thats what it does tho
but it also means if bitcoin goes up just a little fucking bit you get liquidated
You still must pay the $50 million if you lose.
That's how retards get homeless.
you leverage 50k up front at 100x. Once your position is liquidated, you lose your 50k. That's it. He doesn't owe money to anyone.
Source: me, someone whose been liquidated plenty of times and actually trades on the platform.
retard, that's exactly what it means, though you'd probably get liquidated instantly if it moved even slightly in the wrong direction
You only get the difference
no because they automatically stopgap you at a $50k loss
idiots.
Why do you people even bother to comment when you don't know how margin trading works
What's the probability of doubling your money on a 100x leverage trade?
Nothing more satisfying than a brainlet thinking that others are brainlets.
If the price is changing fast enough during your liquidation you can technically end up on the hook for quite a bit of money.
...
FFS
>Dude bets 50K and loses it all
>wew
100% if you win, 0% if you lose
why the fuck would you even comment this if you obviously never leverage traded in your life?
Wow biz is full of literal retards
it hurts to read this shit
No he's right. When there's tons of liquidation cascading with each other ending up with a large spike, you actually do owe the exchange money because the site was too slow to respond.
In the rare case of you ending with Negative balance.
That's literally how leverage works. Fucking retard, holy shit.