I’m sorry but we need more pain. 30,000 traders that don’t know risk management 101
Over the past 24 hours, nearly 30,000 traders have been liquidated, mostly with short positions, at the tune of $117,690,000. The biggest single loss was $8,390,000. 🤦🏾
Now I ask you. To whom have these degenerate gamblers trying to short #Bitcoin lost to?
For every loser, there is a winner right?
Answer: They lose mostly to exchanges that sold them the futures contract. Look at them below. All of them are unregulated offshore exchanges taking your money.
Do you think their incentive is for you to win or lose?
If they are taking the other side of your bet/trade, then they are incentitvized for you to lose. If they have the opportunity to use customer funds and customer BTC they hold to temporarily push the market to trigger liquidations, you think they won't? Let's not be naive.
Don't trade #Bitcoin . Accumulate BTC and use these shenanigans to your benefit. That's what I do. 🟠
Kinda lol
©Alex Issa
