Guy Loses $80,000 Trading High Leverage Bitcoin Futures On The 10% Drop

[croTek4]

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

Fontas' savings are not ruined.

[The Sceptical Chymist]

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

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

[uki]

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.

[MF Doom]

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

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

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