These scam wicks are the reason you don't hold your full position on an exchange. If you want to leverage that's fine but doing it with all your money and thinking stop loss will protect you is asking for trouble. When these things happen, you better believe every exchange and network is going into overdrive with panic buying and selling. You likely won't be able to even access them to cancel your margins or buy or sell tokens by the time you realise that real trouble is afoot.
If the market crashes, so do the systems.
Alot of people on here upset about getting liquidated. This is an unfortunate and harsh lesson for the new people about the volatility in this space. Playing on exchanges with money your not prepared to lose will rek alot of people who aren't familiar. God speed leverage traders.
HODLERS take comfort in your choice.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments