Quote from: tygeade on Today at 05:12:31 PM

Quote from: DubemIfedigbo001 on June 03, 2025, 07:42:06 AM

Quote from: Olamidetechie on June 03, 2025, 07:36:10 AM

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

Thanks for the extra insights into the case. I was wondering if a rich guy lost $100 million but clearly this is someone who knows trading if he turned $4m into $100m and then lost it, which is unfortunate but quite possibly he will make it back again.

I am not a fan of such high variance trading where you blow up your bankroll so fast or make it 25x but perhaps this is how some traders operate. Also as you said he went again with $12m so clearly this $100m is not all the money he had and probably has a ton more to risk.

Insane stories these but clearly the guy knows his thing!

People do mostly focus out on the negative without even trying to check on which same as you had said or elaborated on here is that he had made out that profit too and it turned out that his profit that he had made out was taken back by the market at the time that it did made out some u-turn. He wont be called a whale for nothing and thats why losing isnt something a shocking thing for him and definitely he had still some cash into his bank for him to deal up with. We dont know if on next week or another leg up he would be able to make up even more. Pretty sure that tons of eyes had been eyeing out into his potential investment on which it might be giving out that chance on recovering those loses. Just like with some average traders out there then we do have that losing moments on which it will be just that an ordinary day. It just that turned out that we are that being that highly reactive just because the amount which is involved on here isnt something that we can see on everyday. Usually these kind or type of news do comes out whenever there's some huge swing or rally of price whether on a declining or uprising market on which there's always that will be liquidated up on which this is how the market works. If you are weak hearted then this volatile space isnt for you and that whale pretty sure know its thing. Tons of speculations or sayings that this might be his last money or what, on which we dont evek now the exact stash of someone just because he had lost $$$ millions.