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Author Topic: Guy Loses $80,000 Trading High Leverage Bitcoin Futures On The 10% Drop  (Read 1451 times)
facesofrekt
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December 02, 2015, 11:00:18 AM
 #1

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

the screenshot:

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

Or go to the URL:  http://facesofrekt.austeritysucks.com/index.php?id=9
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December 02, 2015, 11:23:13 AM
 #2

Great news! One more example for you guys to learn from.
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December 02, 2015, 11:25:06 AM
 #3

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 game taught me the game. And it didn’t spare the rod while teaching. Jesse Livermore.
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December 02, 2015, 11:36:14 AM
 #4

The real Fontas?

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aubert
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December 02, 2015, 11:38:14 AM
 #5

The real Fontas?
i think yeah, because he trading that much of money, and loses so much,get rekt

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Monnt
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December 02, 2015, 11:45:23 AM
 #6

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.
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December 02, 2015, 11:47:36 AM
 #7

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

Bismuth - New Language, Interpretation Engines, Free Set of DAPPs https://bitcointalk.org/index.php?topic=1896497
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December 02, 2015, 11:48:19 AM
 #8

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..
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December 02, 2015, 12:08:24 PM
 #9

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

Human greed is indestructible, another proof!
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December 02, 2015, 12:12:47 PM
 #10

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!

~Bitcoin~
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December 02, 2015, 01:33:44 PM
 #11

$ 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.

.

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junglist.massive
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December 02, 2015, 02:27:48 PM
 #12

Bitcoin at it finest  Cool

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December 02, 2015, 02:29:55 PM
 #13

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


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
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December 02, 2015, 02:55:16 PM
 #14

maybe he is millionaire.. who knows
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December 02, 2015, 03:03:42 PM
 #15

maybe he is millionaire.. who knows

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

The game taught me the game. And it didn’t spare the rod while teaching. Jesse Livermore.
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December 02, 2015, 03:11:07 PM
 #16

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.
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.

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December 02, 2015, 03:24:58 PM
 #17

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

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December 02, 2015, 03:50:37 PM
 #18

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

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December 02, 2015, 03:55:28 PM
 #19

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

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.
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December 02, 2015, 03:58:44 PM
 #20

and another guy earned 80.000 USD...

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