Bitcoin Forum

From the site Faces of Rekt http://www.facesofrekt.com (http://www.facesofrekt.com)

the screenshot:

https://i.imgur.com/HGdTLOn.png

Or go to the URL:  http://facesofrekt.austeritysucks.com/index.php?id=9 (http://facesofrekt.austeritysucks.com/index.php?id=9)

Great news! One more example for you guys to learn from.

Retail traders get attracted to leverage as moths to light bulbs and end up fried.
Trading bitcoin futures on 20X leverage is an almost sure way to lose your shirt.
Just by entering into the position you've already lost a significant part of your capital.

The real Fontas?

That's why you only invest max $10 at a time xD


Well, that's life. You win some, you lose some. Or in this case, win none, lose $80,000.

Leveraging Bitcoin is like the worst idea in the universe. Far worse than trading altcoins, which is actually safe in comparison.

you can see it like this, with that huge loss, many have gained through trading, so it's always a positive news in the end, if involves many gains, but if the opposite happen not so much, it leads to centralization..

Human greed is indestructible, another proof!

Wow!
This is just crazy!
Sorry to say that but how dumb can a person be?
This is the typical case of greed eats brain!

$ 80,000 loss in 10% drop, oh my god i may have done suicide if i looses that much. I do day trading but don't know what is leverage, feeing quite nobe not to know that.

Bitcoin at it finest  8)

how is this great news?  Someones savings are ruined, and now do you think he'll ever use btc again?

Yeah maybe he was stupid to do this, but its not good to see things like this, people will be scared off of using btc

maybe he is millionaire.. who knows

Millionaires trading bitcoins 20X for fun? Hmmmm...

No, that is why you invest percentage of your money. It either can be 5%, 10% or 50%. I doubt that for Fontas $80k loss is heartbreaking. He is fed.

You guys obviously have no idea who Fontas is, dude is a millionaire

http://www.urbandictionary.com/define.php?term=fontas

https://www.google.ca/search?q=Fontas+Bitcoin&ie=utf-8&oe=utf-8&gws_rd=cr&ei=Fw1fVsj1Isuueq-3r0A

That's just a penny for him, even so I can hear him saying daaaaamn when he checked the trade.

A lot of people are going to lose everything and the future income for the rest of the lives due to trading with leverage.

The finacial bullshit in todays world is 100% criminal.  Eventually reality will come in like a nuke and smash the greedy ones.

and another guy earned 80.000 USD...

cccccarnage


mmmm onnnstterrrr killl


GOD LIKEEEE

Fontas' savings are not ruined.

That's like saying people are never going to visit casinos again because some whale lost his shirt.  Not gonna fucking happen.

That is the only case in which you would say a $10 move is a reason to get concerned and would justify starting a new thread.
Quite to the contrary to what we see now in the speculation section, where every small move in any direction sparks three, four new threads (about the same) on a daily basis.

people go to casinos for a lot more than just gambling.

Also, btc is attempting (I think?) to become a legitimate "currency".  Fluctuations like this make it hard for people to actually trust it enough to use as such