WIth my luck ETH will now rebound and moon within the next 4 hours.
What happens now? You lose 3 BTC?
>buying on margin
>ever
>>3040880
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...
>>3040880
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
>>3040867
Is ETH over, should I have sold at 300...
>was literally 10 sats away from getting margin called on my XMR long
the ride never ends
>>3040901
you just lost future millions
>>3040867
liquidated at .0645
and as predicted, we're recovering
TIIIMMMMMMMMMBER
>>3040930
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.
>>3040947
it wasn't a stop loss - it was a forced liquidation
>>3040867
Oh fuck.. is it over? Did I make it through? Halleluja!
I was this fuckin close man.
>>3040867
like clockwork
>>3040956
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
>>3040972
Im literally in tears right now.
Holey fuk
>>3040972
did you lose it all. I was getting nervous myself
>>3041002
/biz/ bro, I just had to buy from coinbase quickly just to save my ass too. Close calls.
can I have your remaining coin lol
>>3040972
Don't worry, it happens to us all.
I'm convinced it's joo magic
Hey at least you're not this guy.
This is a Dash short in March. Yep, at the beginning of the bull market.
>>3040867
looks like the same happened to someone much bigger than you too, massive liquidation all the way down to 0.05
>>3041082
this made me whince. wtf man
>>3041082
is this the dude from last night who said he shorted bitcoin and was going to kill himself if he got margin called?
>mfw
>>3040930
>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?
>>3040883
>not going 100x margin on BitMEX
It's like you don't even want money.
>>3041232
people who don't live in alabama, missouri, kansas, ohio, minnesota, zimbabwe
>>3041232
Those are margin positions being liquidated and stop losses getting hit all in one big clusterfuck
>>3041865
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'
>>3040867
>hey anon, you should trade on margin, it's basically free money!
ive spent the last 10 minutes going balls deep.
pray for me