Original archived Re: Losing $1 Million on $BTC future
Scraped on 04/06/2025, 13:46:15 UTC
It was yesterday on X i knew that people truly have plenty of money to waste on this space, imagine losing $1 Million on $BTC future just in a week
This was supposed to be $100 million. He managed to turn $4 million into the $100 million and lost it all in that trading activity
The dude is in net profit from trading, he only used a much higher leverage on that trade and somewhat got liquidated.
Adding to this, he's gone long on PEPE with $12 million only hours after loosing the said $100 million
Trading as been known to be very risky at the beginning that is why only those that have the mind and less emotions can strive to get some bags from the market. Traders are making money while some are losing and sometimes all days can not be as good as the same. If you lose today, expect to win tomorrow, that's how the space works and you can not become a winner forever even though you are very good at analyzing the market and making quick financial decisions.
Most time, greedy has been the market challenge we all are facing and because we have been making series of profits, we might not know when it's will grab us and make us pay for some of the money we'll have made so far. His huge loses is due to greed and over confidence that the market will turn around quickly is what made him to lose such amount of money. High leveraging should be avoided when trading because it could crash your crypto portfolio.