Ukraininan crypto trader, 32, found dead in Lamborghini after S$23.3 billion market crash

MiG123

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Too bad didn’t hodl, now recover back to almost pre crash levels

the tribulations of playing on leverage
 

mcylo

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23.2 billion is the entire market la..

Dont throw our edmw 20k financial guru know everything under the sun face..
Sure got many edmw financial guru kenna burn…..tsk tsk
 

Laneige

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i dont get it
why USA wana charge china 100% tariff will cause crypto to crash?
 

bonkeng

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Thought don’t sell is considered paper loss nia? Why so chong dong? Can afford Lambo should be considered doing quite well liao?
He probably leveraged too much and got wiped out the moment the crash happened.

One moment you're a millionaire, next second you owe millions.

That's how unpredictable crypto is.
 

Visor9999

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How come he got time to speculate in crypto when their country at war
 

airman88

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I thought Bitcoin and ETH didn’t fell so much
Why must he killed himself?
 

Travis_Touchdown

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shiokz shiokz huatz... huatz until lamborghini... crash riaoz cannotch take it?? :s22::frown:

all these crashes ish orchestrated by the big boys de rahz... cannotch play wib them de... :s22::frown:
 

Omegax

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its good to dream and write nonsense. best for you to stick to reality.
 

Omegax

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He probably leveraged too much and got wiped out the moment the crash happened.

One moment you're a millionaire, next second you owe millions.

That's how unpredictable crypto is.
not many people know leverage trading. you got to close positions as soon as it hit your target. its a close tight trade system to minimise risk and you need to stay discipline. or else accounts gets margin calls and liquidated. and because its margin trade, a mere $1mil cna give you as much as $10mil purchase power with 10% as margin call. so if crypto tanked down 30% suddenly, you loss the $1mil and owed the banks $2mil + costs maybe total $2.5mil? this would be very hard to get back up because of the huge amount the person owe.
 

ckt1978

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so dangerous why dun just trade gold and NQ ES futures. at least got volume. wan to get out also easier. NQ biggest candles on the slide during the event also at most ard 50 to 80 points on the 15 sec chart.
 
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