Ouch. Anyone else have a soar arse?
Got out of EOS longs at a small profit earlier in the day, got back in at advantage an hour or so later ... bad idea ... Wiped out. Left with a small slice of margin so not all bad - IOTA traders weren't so lucky - at least one's been left with a negative balance.
EOSUSD fell more than 60% in 15 minutes:
... and more than 70% on the day:
Pair quickly recovered so congrats to anyone who had the 'nads to buy into the lows.
Losses were even more severe on IOTAUSD, with pair losing close to 70% in 15m:
... and more than 75% on the day:
Hope you're all alright out there - most HODLERs will be fine - it's the margin traders like myself that get utterly rekt when this stuff happens!
Oh well - not a great way to end it - but it's been a great year and one day doesn't mean shit against that if you're playing it right!
Remember folks: trading on margin magnifies potential gains and losses, and only ever trade with money you can afford to lose ...
Wishing you all a merry Christmas and congrats to everyone else out there who's had their best trading year ever XD
Sorry to hear about that man. EOS is really one to HODL, you should not have been trading it.
Still, there are a lot of smaller cap coins out there just waiting to go 10x, so all is not lost.
Hahaha I'm a trader, that's what I do!
You're right though, I've had a great year, though have chopped and changed way too much. Using a little less leverage and holding BTC from May and EOS from a few months ago would have given me an even better year.
Still, you have to do what works for you and your personal psychological profile!
wow ... it was coming!!!
The dip was too quick to be able to get fiat on time .. Shame lol
"Only trade with money you can lose" is definitely the best advice for anyone thinking about starting with cryptocurrency.
Yep and that's why it's mandatory in the legal disclaimers for all equity and forex providers in most western jurisdictions
I bought some LTC at 230 a couple of hours ago, now it's 264 :)
I picked up some dash just under 1k. LTC looks like the bounce back winner so far. Good call on LTC :)
Nice!
The whole market has been crashed
post is a futura.thanks for sharing
Scary stuff. You're a braver man than me doing margin trading with this volatility. Hope you don't have any longs open over the weekend....
Nah that's me til at least after Christmas mate - might even take the rest of the year off - Steem's paying the bills atm anyway :D
It is called a red day :(
A red day indeed!
Sorry to hear that, mate. A man of your experience will surely take it back with a vengeance
Thanks mate, yeah I'll be fine - looking forward to a prosperous 2018!
Thank you for watching a great post. I look forward to seeing more beautiful posts for you
I love EOS and hold a lot of it. I believe the 10X increase is coming in the next year.
The flash crash maybe tell us that the banker wants to hold EOS...
Yep, my call was originally only $20, but crypto has gone crazy since then ... I think we can see $50 easily and can't rule out $100.
Savage mate... Margin trading and crypto is a tough combo.
Good to hear you didn’t totally do your arse so enjoy Christmas and come back ready for the great rally of 2018. Going to be a big one!
Let's hope so - every alt I'm looking at is pretty much mirroring BTC, including SBD and STEEM - the party's either over, or 2018 is going to be a ripper!