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Guy is live trading 250 btc at 40x leverage and watching it on the 1min timeframe

Crazy gambling.

[https://www.youtube.com/watch?v=21bVF69FCkE](https://www.youtube.com/watch?v=21bVF69FCkE)



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11 Comments

  1. Shorting is the exact kind of shit that has ruined the US stock market. The crypto community as a whole should categorically reject any exchange that allows shorting since if a shorter goes tits up there’s no magical money printer to get your coins back. The lender assumes all the risk for what I assume is a pretty measely interest rate.

  2. I’ve never done leverage, shorts or longs so I don’t really understand it. He got in at 40,100 I think, is he on a short or a long?

    Edit: must be a short because his liquidation price is 40,900

  3. Imagine sitting there and babysitting such a shitty trade (oh this is the 40x chasing of losses not the 22.5x liquidation). With such active engagement the only possible outcome is emotional reaction and losing all your money.

  4. Lisa: “I’m not a state. I’m a monster!” *cries*

    Homer: “No, Lisa. The only monster here is the gambling monster that has enslaved your mother. I call him ‘Gamblor’, and it’s time to snatch your mother from his neon claws.”

What do you think?

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