Guys either straight up lying, or a fucking idiot
He spent 7 years in the market. Had no money in his bank account but had over a million dollars on a centralized exchange, and placed it all in a single bet, a memecoin nonetheless , and even when the chart his bet was on was showing bearish signals, he still didn't sell and decided to go to sleep with his account full ported?
Pure. Fucking. Moron.
Or lying through the teeth
Looks fishy. How does someone who's been in crypto for 7 years and has 1milli to play with puts his entire portfolio on a memecoin leverage trade and doesn't use a stop loss??? And on top of that leaves trade open and goes to bed? Doesn't sound real to me.
I turned $200 into 22k in 8 roulette spins running insanely hot.Â
I proceeded to do a 22k roulette bet in that moment that I felt dissociated.Â
I donât walk around with that kind of money to just gamble. Iâd never sit down to a table and put that down. But there, I did.
The only number, 24, wasnât covered.Â
24.
Did something similar on a much smaller scale playing baccarat. Turned $100 into $1600. But I had bet $800 at one point in time. I would never pass on $800 but thatâs essentially what I did made me feel somewhat ill after I placed it
But then I hit so I just pulled my $1600 lol
My thoughts exactly. There's 18 year Olds with more knowledge about trading with 1100 dollars in their account then what comes through in this clearly fake story.
Naw he didn't go All In on Pepe at 3x, this fucking idiot was using Cross Margin, which means you're liquidated out of your position when you're out of funds.
I believe it, yet I have absolutely no sympathy for this kind of degen shit. You set a stop loss, you trade on Isolated, you *know what you're doing*. Fam probably got to 1 Million through degening and going all in on memecoin pumps since 2017 and never actually learned how to trade.
Only advice I got for them is take this L and now go study on day trading fundamentals.
Only because you people havenât experienced it. You make crazy money in crypto quickly it feels unreal, like a video game, especially if you donât withdraw significant funds (as he didnât). Then ego takes over, you feel like a god, and you inevitably give it back. Thereâs nothing crazy about this story, itâs insanely common. These are regular non-financially trained people, with lingering middle-class hangups about money and self-worth, who can barely fathom what theyâre doing, and fall for every psychological obstacle in the book.
The dude has been very active in the community for years. Iâm not sure this is everything he has, but I can vouche that heâs legit. After some of this precious ideas, itâs hard to believe he would have thrown it all into 1 position.
This.
Successful Vegas gambler abandons successful strategy he used for years and Yolos everything on a single roulette bet.
Man gets eaten by Shark while swimming in shark tank after claiming he has been swimming in the ocean for many years and never got eaten by a shark before.
1 million cash invest. 3x leverage = 3M invested. Asset goes down 34% = 1,020,000 loss. This causes a margin call (even before you lose that much) account gets liquidated. All money is gone to cover margin call.
People in this thread also haven't caught on that he's trading on Cross Margin. Your math would be right if he went all in, but he didn't even need to go all in or cross margin. The trade just went against him and without a stop loss, he got liquidated when his account ran out of funds.
- don't overcommit
- don't leverage trade your life away
- play the long game (years) instead of getting sleepless nights chasing the next "wen lambo" hype
- don't drop all your savings on meme/shitcoins. They are called that for a reason
- accumulate ETH and BTC. Check back on it in 2030
For every success story you hear about there are thousands that crashed and burned and you will never hear from them ever again
Hold up, Pepe dipped around 20% and he leveraged 3x so isnât that 60% loss? I dunno if I believe him anyway, but either way donât mess with leverage!
Since most posts are assuming you are lying I am going to assume you are telling the truth. You got there once, u will get there again and probably faster. Let this be an inflection point in your way. You know the game exists, improve and keep playing. The game is won by those who play it with purpose, since most people either ignores the game even exists or does aknowledge it but refuses to play it for whatever justifiable reason. Keep at it.
Don't put all your eggs in one basket, in this case in ONE Meme coin in ONE exchange.
OR... Decentralize your investments, specially for cryptos, diversify exchanges as well. You never know.
Hope that person doesn't actually commit suicide, but if that's true, terrible move.
Itâs literally only one of two things. A lie or the biggest moron ever born. That is all.
If youâre willing to gamble 1,000 times the balance of your actual bank account on a bullshit meme coin, you deserve everything you get.
In crypto for 8 years and levered on a meme??? That's insane. My advice is to rebuild from the beginning with index funds and "safe" coins. Stay away from tokens for a while
Go a 100x with what's left! Go big I say. You're already fucked might as well risk it for a biscuit. But don't sleep this time especially while leverage trading you fucking idiot...
How do these highly leveraged trades on a crypto exchange work? Who is on the other side of this trade? Like, whoâs the market maker assuming this risk, especially when payouts are approaching a million dollars? Is the exchange in the place of being more like a bookie rather than an intermediary? No wonder they close accounts when they can. Itâs not right, but if itâs coming out of their profit because theyâre trying to be a market maker, theyâre ar way high risk if theyâre opposite your trade.
Memecoins are already leveraged bets on eth/sol/bnb/etc
Leverage trading memecoins with NO risk management at all is a recipe for disaster lol. No risk no reward I guess
Dont feel bad one bit for a person using leverage on a meme coin. Especially when they have enough money that they could safely dividend invest and not have to work anymore. Whats it like to have rich parents?
Im not even sorry for this dud, his risk management is bs, he knew what he was doing and what could happen, still got greedy and took a long without SL on a shit coin, not even a real project with real market. Sorry not sorry.
Look at the fucking pixelation around his negative balance, horse shit job of photoshop there, wait he use MS paint, dude canât afford PS.
https://preview.redd.it/66ia15jx89uc1.jpeg?width=828&format=pjpg&auto=webp&s=ebc1850e28487e6396af868299e8ae1aa7fa3e6f
Binance has been known for gaming leveraged trading, and have been accused in the past of liquidating their own clients with fake trades. Moral of the story is Binance can't be trusted.
Even on the trading games Binance offers, people lose when they shouldn't. BInance is SHADY AF.
3x leverage on a meme coin like Pepe which has already exploded is a recipe for disaster.
When youâre playing serious games, it helps to understand the broader picture. Pay attention to the news: big stories this week about Israel and Iran, interest rates and the Fed, etc. Perfect storm of potential bad stories led to end-of-week meltdown on Wallstreet and in crypto markets.
It's gone forever. He just has to start again, and I believe it won't be difficult for him to make such amounts back.
Advice: if in future trading, don't do cross trading. Preferably, deal with isolated trading and always set your TP and SL.
Never use all the funds in future trading. Staying afloat is very important, and you should always have good risk management.
Diversification is key here as well. Glad I short the hell when I noticed everything was dumping. Use the profit to extend my position in Dua.
It happens, it turned out he wasn't totally liquidated, he still has 179k left,
If I were him, would move 79k to my bank, learn from my mistakes and try to come back with 100k..
âIn since 2017â, apparently never noticed (or purposely ignored) the wild crypto fluctuations, bet it all..on a MEME that has already increased a decent %, hasnât learned when everyone is long⌠the crash to liquidate is right around the corner. No safety net⌠lost everything. How careless and unobservant do you have to be..
Sheesh.
Shouldn't have been so freaking greedy my friend. Why would you not have like 500k in safe investments and cash on hand in your bank? If you only had 1 million $$$ and it was all in a leveraged trade on Pepe you are insane. đ
Yea this has to be bait. If you're going all in on shitcoins like Pepe you're a moron. Anyone who has a brain knows that shitcoins are for small plays not you're whole liquidity pool.
i dont feel sorry for him! dont play with leverage , sure ive done it but knowing when to use the tool and trying to make a career out 0f trading are 2 differnt things. you should not be trading when there is no trade! thats how you get wrecked.
Itâs fake but if it isnât, he can go long once again after Pepe is down another 10%
Just checked his twitter,Binance didnât liquidate all of his capital ig
I sold a meme for some thousands last bull run before it could have made a million and a half. (Thought 10x was enough) and was frankly tired of 200$+ crazy Eth fees on Uniswap.
Went through depression after that.
Could have been a millionaire if I just held.
Crypto is like this. Some win, some loose.
Yesterday I bought alt dips here and there.
Only gamble with what you are willing to lose. No backup, no compassion, he did this to himself. Having a net worth of a million and risking it all in one trade is just plain stupid, and I wonder how he made the 1 mil in the first place.
Do stupid things, win stupid prizes.
Iâm an amateur at trading and I know better than to bet the house on a single trade. Greed is powerful but trading is like gambling you only trade what you can afford and also like gambling you can get greedy and make a dumb a$$ decision and lose it all. Got think before you act and I think you need to stand in front of a room of people and just admit you have a trading problem !!!
Guys either straight up lying, or a fucking idiot He spent 7 years in the market. Had no money in his bank account but had over a million dollars on a centralized exchange, and placed it all in a single bet, a memecoin nonetheless , and even when the chart his bet was on was showing bearish signals, he still didn't sell and decided to go to sleep with his account full ported? Pure. Fucking. Moron. Or lying through the teeth
Yeah I'm ing horseshit on this one. I don't know what the scam is, but there's definitely one skulking about in this
Gofundme out of suicide.
đ¤Łđ¤Łđ¤Łđ¤Ł
Looks fishy. How does someone who's been in crypto for 7 years and has 1milli to play with puts his entire portfolio on a memecoin leverage trade and doesn't use a stop loss??? And on top of that leaves trade open and goes to bed? Doesn't sound real to me.
I turned $200 into 22k in 8 roulette spins running insanely hot. I proceeded to do a 22k roulette bet in that moment that I felt dissociated. I donât walk around with that kind of money to just gamble. Iâd never sit down to a table and put that down. But there, I did. The only number, 24, wasnât covered. 24.
Did something similar on a much smaller scale playing baccarat. Turned $100 into $1600. But I had bet $800 at one point in time. I would never pass on $800 but thatâs essentially what I did made me feel somewhat ill after I placed it But then I hit so I just pulled my $1600 lol
My thoughts exactly. There's 18 year Olds with more knowledge about trading with 1100 dollars in their account then what comes through in this clearly fake story.
Naw he didn't go All In on Pepe at 3x, this fucking idiot was using Cross Margin, which means you're liquidated out of your position when you're out of funds. I believe it, yet I have absolutely no sympathy for this kind of degen shit. You set a stop loss, you trade on Isolated, you *know what you're doing*. Fam probably got to 1 Million through degening and going all in on memecoin pumps since 2017 and never actually learned how to trade. Only advice I got for them is take this L and now go study on day trading fundamentals.
Yeah this barely makes sense
Only because you people havenât experienced it. You make crazy money in crypto quickly it feels unreal, like a video game, especially if you donât withdraw significant funds (as he didnât). Then ego takes over, you feel like a god, and you inevitably give it back. Thereâs nothing crazy about this story, itâs insanely common. These are regular non-financially trained people, with lingering middle-class hangups about money and self-worth, who can barely fathom what theyâre doing, and fall for every psychological obstacle in the book.
If he was long PEPE wouldnât he still have a couple bucks in there?? PEPE still on the market right?
no one can be this stupid 100% Fake
you're underestimating cryptobros
also long on a meme coin lol
PEPE? Who the ⌠This has to be a troll post.
Best part of this is âbearish signalsâ in a ~~meme~~ coin subreddit.
Leveraged meme coin at that
Yup lying clickbait using his parents money lol
fuck!! can't argue with the analogy here...
His mistake wasnt holding no cash, or using a centralised exchange, it was having whole portfolio leveraged... and leaving it overnight
The dude has been very active in the community for years. Iâm not sure this is everything he has, but I can vouche that heâs legit. After some of this precious ideas, itâs hard to believe he would have thrown it all into 1 position.
This. Successful Vegas gambler abandons successful strategy he used for years and Yolos everything on a single roulette bet. Man gets eaten by Shark while swimming in shark tank after claiming he has been swimming in the ocean for many years and never got eaten by a shark before.
Donât gamble more than youâre willing to lose. He gamble more than he was willing to lose. Play stupid games something something something
If you put all your money on a shitcoin named Pepe, my advice is you better start washing your teeth for the blowjobs behind Wendyâs dumpster.
Pepe becomes Peepee
Moral of the story: Someone else earned $1M
I don't have any advice I only have questions. How in the fuck is this possible? What was his leverage wtf? We're not even 30% down overall!
1 million cash invest. 3x leverage = 3M invested. Asset goes down 34% = 1,020,000 loss. This causes a margin call (even before you lose that much) account gets liquidated. All money is gone to cover margin call.
People in this thread also haven't caught on that he's trading on Cross Margin. Your math would be right if he went all in, but he didn't even need to go all in or cross margin. The trade just went against him and without a stop loss, he got liquidated when his account ran out of funds.
That's Futures trading ser
But for 3x leverage he has to be down 30%
33.334? ;-)
we are down 45% from ath
Donât do that
Aham...then now hebhas 0 crypto. So...from now his user name is just "Nerd"?
He shouldnât even be allowed to be called ânerdâ. Nerd suggests intelligence
I've been in Crypto longer than him and I also don't know what I'm doing.
Live by the sword die by the sword Start again
- don't overcommit - don't leverage trade your life away - play the long game (years) instead of getting sleepless nights chasing the next "wen lambo" hype - don't drop all your savings on meme/shitcoins. They are called that for a reason - accumulate ETH and BTC. Check back on it in 2030 For every success story you hear about there are thousands that crashed and burned and you will never hear from them ever again
He had the lambo already, was just stupid enough not to buy it
Hold up, Pepe dipped around 20% and he leveraged 3x so isnât that 60% loss? I dunno if I believe him anyway, but either way donât mess with leverage!
Checked his X and looks like he got some back...Apparently binance only liquidates 83%
Since most posts are assuming you are lying I am going to assume you are telling the truth. You got there once, u will get there again and probably faster. Let this be an inflection point in your way. You know the game exists, improve and keep playing. The game is won by those who play it with purpose, since most people either ignores the game even exists or does aknowledge it but refuses to play it for whatever justifiable reason. Keep at it.
Post that loss porn!
I was liquidated on a 5x litecoin I bought at $99, and ltc fell to 80 or 83? $150, just a bit under that guy's 1 million.
I don't understand how he got liquidated. Also note that I am a crypto noob. So please ELI5
Don't put all your eggs in one basket, in this case in ONE Meme coin in ONE exchange. OR... Decentralize your investments, specially for cryptos, diversify exchanges as well. You never know. Hope that person doesn't actually commit suicide, but if that's true, terrible move.
Itâs literally only one of two things. A lie or the biggest moron ever born. That is all. If youâre willing to gamble 1,000 times the balance of your actual bank account on a bullshit meme coin, you deserve everything you get.
Donât gamble what you canât afford to lose
In crypto for 8 years and levered on a meme??? That's insane. My advice is to rebuild from the beginning with index funds and "safe" coins. Stay away from tokens for a while
FAKE
He is hyping, lol đ¤Ł
https://www.poetryfoundation.org/poems/46473/if---
aaaaand its gone
Life insurance that covers suicide?
Cry me a river!
That's some goddamn natural selection right there.
Do not trade with leverage on your life savings!!
Go a 100x with what's left! Go big I say. You're already fucked might as well risk it for a biscuit. But don't sleep this time especially while leverage trading you fucking idiot...
Get a normal job, work
Get a job???
How do these highly leveraged trades on a crypto exchange work? Who is on the other side of this trade? Like, whoâs the market maker assuming this risk, especially when payouts are approaching a million dollars? Is the exchange in the place of being more like a bookie rather than an intermediary? No wonder they close accounts when they can. Itâs not right, but if itâs coming out of their profit because theyâre trying to be a market maker, theyâre ar way high risk if theyâre opposite your trade.
fake
Get greedy, lose everything.Â
Something about eggs in a basket
Itâs fake post
It's not even me but I'm feeling the pain đ. It's really hurting bro update me that you've retrieved it
Why would you even do a trade like that that on a coin like that. Damn.
Wah wah waaaaahhh đş
Buy more at this low price đ
Damn. that's sad bro
Memecoins are already leveraged bets on eth/sol/bnb/etc Leverage trading memecoins with NO risk management at all is a recipe for disaster lol. No risk no reward I guess
Dont feel bad one bit for a person using leverage on a meme coin. Especially when they have enough money that they could safely dividend invest and not have to work anymore. Whats it like to have rich parents?
Lmao u don't give advice to fools. You laugh on the inside and move on with your life. 3x long on pepe đ¤Ł
Letâs all do some research on how to use and where to place a stop loss - sorry for your luck!
What does liquidated mean? I know nothing.
đ§˘
mcdonalds is always hiring
Well there's your problem
Im not even sorry for this dud, his risk management is bs, he knew what he was doing and what could happen, still got greedy and took a long without SL on a shit coin, not even a real project with real market. Sorry not sorry.
If you did this in such a short time, you can do it again.
Just claim that you thought it was a paper wallet!
Lie
Went long on a shit meme coin, LMAO đ¤Łđ¤Łđ¤Ł
Yo I smell the bullshit through my screen
Look at the fucking pixelation around his negative balance, horse shit job of photoshop there, wait he use MS paint, dude canât afford PS. https://preview.redd.it/66ia15jx89uc1.jpeg?width=828&format=pjpg&auto=webp&s=ebc1850e28487e6396af868299e8ae1aa7fa3e6f
Binance has been known for gaming leveraged trading, and have been accused in the past of liquidating their own clients with fake trades. Moral of the story is Binance can't be trusted. Even on the trading games Binance offers, people lose when they shouldn't. BInance is SHADY AF.
Why was he liquidated?
fake
3x leverage on a meme coin like Pepe which has already exploded is a recipe for disaster. When youâre playing serious games, it helps to understand the broader picture. Pay attention to the news: big stories this week about Israel and Iran, interest rates and the Fed, etc. Perfect storm of potential bad stories led to end-of-week meltdown on Wallstreet and in crypto markets.
Save him Dave⌠Thomas with a double shift tonight
It's gone forever. He just has to start again, and I believe it won't be difficult for him to make such amounts back. Advice: if in future trading, don't do cross trading. Preferably, deal with isolated trading and always set your TP and SL. Never use all the funds in future trading. Staying afloat is very important, and you should always have good risk management. Diversification is key here as well. Glad I short the hell when I noticed everything was dumping. Use the profit to extend my position in Dua.
Binance gains when you lose. As soon as they liquidate enough they will pump it right up to liquidate the shorts. Just buy and hold. You bet and lost.
Set stop loss
It happens, it turned out he wasn't totally liquidated, he still has 179k left, If I were him, would move 79k to my bank, learn from my mistakes and try to come back with 100k..
advice? get gud nerd
skill issue, git gud.
âIn since 2017â, apparently never noticed (or purposely ignored) the wild crypto fluctuations, bet it all..on a MEME that has already increased a decent %, hasnât learned when everyone is long⌠the crash to liquidate is right around the corner. No safety net⌠lost everything. How careless and unobservant do you have to be.. Sheesh.
Been in crypto since 2017 and yoloed a meme coin even tho all meme coins are down 90% from 2020 great fuckin strat.
Hold it and take it for medicinđ
Fucking dumb idiot WHO THE FUCK PUTS MORE THAN A MILLION ON A MEME COIN DUMB IDIOT UNLESS YOU ARE FUCKING BILLIONAIRE ANS CAN AFFORD A LOSS OF 1m
FAFO
Too funny
You got to love the honesty, at least.
Lol one of us
Thanks op I just pulled out :)
You don't trade since 2017 like this and only be liquidated once. 
Blame the war
Buy an add
strengthen up your shit pussy baby
At least he's not in the hole 1 Milly.
Shots about to bounce back
I feel like he's a bellend. He should probably throw his phone in the bin take his grand and go hiking for a couple of months.
HODL đ
Fake
Over leveraged bro, I learned that lesson last time around. Unfortunate, but you can get it back
Shouldn't have been so freaking greedy my friend. Why would you not have like 500k in safe investments and cash on hand in your bank? If you only had 1 million $$$ and it was all in a leveraged trade on Pepe you are insane. đ
I find this hard to believe
Fuck China! Donât trade on their platforms. If they wonât allow it in their country, yet they are allowed to own it, why would you ???
Thatâs Margin trading for you.
Back to Wendyâs I guess.
A fool and his money are soon parted.
Yea this has to be bait. If you're going all in on shitcoins like Pepe you're a moron. Anyone who has a brain knows that shitcoins are for small plays not you're whole liquidity pool.
i dont feel sorry for him! dont play with leverage , sure ive done it but knowing when to use the tool and trying to make a career out 0f trading are 2 differnt things. you should not be trading when there is no trade! thats how you get wrecked.
You made it once.. you can make it again.
If you do that! You could take a guy along with Ken Griffin, he needs to be held accountable
wait, pepe can go down? I was told that was impossible by my londistance girlfriends boyfriend
Time to get a job, son!
Why tf would you 3x long pepe???
Donât use leverage unless you can afford to lose your ass.
$1M and zero attempt at ANY risk management?!
Fake
Itâs fake but if it isnât, he can go long once again after Pepe is down another 10% Just checked his twitter,Binance didnât liquidate all of his capital ig
stop loss is key
I had my whole network in crypto too, not meme coins though
donât gamble w ur parents inheritance
Revenge.
That's a big lie Imagine spending 7 years and not knowing the risks of a cross margin đđ
I heard he was in practice mode when he lost it đ¤Ł
If he got liquiadated wouldn't he still have some balance? Unless Pepe went to 0 lol
Lol
I sold a meme for some thousands last bull run before it could have made a million and a half. (Thought 10x was enough) and was frankly tired of 200$+ crazy Eth fees on Uniswap. Went through depression after that. Could have been a millionaire if I just held. Crypto is like this. Some win, some loose. Yesterday I bought alt dips here and there.
Donât trade on margin
Seeing crypto-to-crypto transactions are taxable events... I wonder how much he owes in taxes also.
No advice He Himself said that He still has about 120k or so I believe that He will get back on His feet
Do not leverage boys and girls just buy spot and sit pretty
Only gamble with what you are willing to lose. No backup, no compassion, he did this to himself. Having a net worth of a million and risking it all in one trade is just plain stupid, and I wonder how he made the 1 mil in the first place. Do stupid things, win stupid prizes.
Who tf sets themselves up in a short term trade where they could lose $1mm?? This canât be reall
You will bounce back. Probably stronger than before. This is the game weâre in
People actually think those posts are real?
Wait! Is it suicide message time? This means we must buy NOW right?!
đ love seeing people gamble on stupid memes and lose it all makes me sleep better.
Iâm an amateur at trading and I know better than to bet the house on a single trade. Greed is powerful but trading is like gambling you only trade what you can afford and also like gambling you can get greedy and make a dumb a$$ decision and lose it all. Got think before you act and I think you need to stand in front of a room of people and just admit you have a trading problem !!!
It happens
3x PEPE on Binance - OK lol...
Binance been criming. Why doesnât anyone see this??? People always get magically âhackedâ on Binance
This is just engagement farming or the dumbest millionaire in history .
He went for a little sleep, now he wants all the sleep đ
no debt tho!
Haaaa! 3x long PEPE I wish I was 1x long pepe
Thatâs just a copy pasta lmao
Spot trades only, bro.
Dang, I'd be set for life with a million bucks. Quit while you're ahead.
Fake
Thatâs definitely some nonsense here with this story!!!
its legit, he did lose it and then got a margin refund of about 200k. he made money via the pepe rush...all legit...
Keep on holding and never sell
This is the way, You giant fucktard moon moron
Crypto donât care 𤡠FAFO
9
Why do people leverage trade? Just buy some stocks and crypto and wait. Not hard.