The only reason people are losing shitloads on bitcoinia is cause they're idiots.

There are both enormous transaction fees and forced price taking. This means there is a huge cost in both putting on and taking off positions, and consequently the only suitable usage of bitcoinia is for longer term trades.

But people are trying to trade intraday using it!

Then they wonder why they blow up.

Blaming zhou tong for ones stupidity is sour grapes tbh.

There is only one reason to use bitcoinia, and it is for the leverage. I have a small position there for that reason, and no other one. And even that is roughtly 2x leverage. Nothing else would work with the volatlity and spreads.