AHAHAHAHAH BRAINLETS BTFO'D

AHAHAHAHAH BRAINLETS BTFO'D

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help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough-READ-THIS-
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>Due to lack of understanding of how leveraged tokens work by many of our users, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs, and will stop trading at 2020/03/31 10:00 AM (UTC).
what the fuck

people thought they could never get liquidated by leveraged token while the result is pretty much equivalent

How are they not dumping to zero just yet? Wtf

Thanks for posting this dude has 50 I just dumped asap

Also this
But still, I sold all positions yet it hasn't dumped hard. I wonder if there is a huge amount of volume for these tokens, where it may impact the price of the underlying. That is, Binance may try to manipulate the price if it saves them a bit of money because of this line:
>We will credit your Binance account with the equivalent value held in each leveraged token at the time of delisting in BUSD and within 14 days.
I don't know.

Lmao, so many third world ethnics claiming that they lost tens of thousands of dollars in that twitter thread.

it gets delisted because of retards like you who don't even understand what it does...

get out of crypto bro

they mean thousands of ruppees

>this is the guy telling you to buy link

It's okay. With the yesterday dump I even because I was in bnbbear.
Just sold. But oh god what a ride it was topkek, just like a fucking casino in this market right now

Ahahahahahahahhahahaahahahhahahahahahahaahahhahahahahwhhahahahahahahahaha

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Someone explain to me how it makes sense holding a 3x position where it'll be forced to close soon? How are you okay holding onto that sort of risk? Well this guy clearly isn't but still. There isn't even a spike in volume, what the fuck. No one bothered exiting their positions. I don't understand why you'd be okay with that sort of risk, it's like you're begging to get chinked. I'll easily admit I'm retarded but am I really more retarded than the cunts who'll ride it all the way, for no fucking reason? Lmao that's just crazy
This is for short-term trades. You know your position will be forced to close soon. Yet there isn't a fucking spike in volume? Nonsense

I literally warned you
I wonder where is the brainlet who was all in BNBBULL

gambler monkeys just couldnt handle the fire. they burned themselves.
meanwhile futures 125x business as usual.

FTX tokens are INCREDIBLY EASY TO TRADE. HOLY SHIT

the fuck is ftx

FUCK CHINKS
FUCK BINANCE
I WAS GETTING LITERALLY LIKE 95% RETURNS LMAO

FUCK YOU CHANG YOU ARE RETARDED, THANK YOU FOR THE FREE MONEY

thanks brainlets

>credied the equivalent value
can you even read,why sell and drop price when your money is safe

x3 short/long for idiots who can't set stop-loss properly,and don't know what alpha decay is

In this thread. Retards who don't understand leveraged tokens. Binance was right ffs

Guys I'm dead serious, I literally raped Binance's ass trading these stupid things, if anyone doesn't understand how they work is Binance lmao , not customers

FUCK BINANCE

So what if people don't understand them?
Should bitmex also close down because people don't understand how leverage trading works?

HOW MUCH MONEY DID YOU LOSE CHANG?

you mongs just trade them at the ftx dex
wtf is your problem

It has nothing to do with customers, these things have an easy exploit, are really predictable

THANKS FOR THE FREE MONEY CHANG LMAOOO

Wtf

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what is alpha decay

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BINANCE TRADING DESK IS FULL OF RETARDS

Why does binance steal money?
They're stealing money

Because you are essentially holding a leveraged position, right? You don't know how it'll go because this shitty market is manipulated, especially this fucking chink exchange. You're probably going to get fucked in the ass last minute if you're unlucky, and then you're forced to close your position ("credited the equivalent value"), why would you risk that? Why wouldn't you just fuck off immediately? I don't get what I'm misunderstanding. Unless there's fuckall volume in these tokens like I said here then yes it's probably a nothingburger and no one cares but I'm expecting some last minute fuckery depending on where CZ would profit more, and he's the only one with that sort of information.
If you check the twitter threads there are people complaining that their shit is losing value. There are people who buy these tokens and hold them, instead of trading it. CZ probably didn't want any of that garbage even if he's profiting off of it

CZ can't keep getting away with this

over time you loose money (btc >6000>6500>6000) you still loose money
this

>If you check the twitter threads there are people complaining that their shit is losing value. There are people who buy these tokens and hold them, instead of trading it. CZ probably didn't want any of that garbage even if he's profiting off of it

>Let's delist something that's profitable

Are you seriously retarded?

cz can easily profit manipulating other area ,he wouldn't arise suspicious (last minute dump) for a few bucks,volume aren't worth it since most serious traders use future market

you do realise you buy from other traders not binance?

That's why they delist them. They don't want us to get rich so quick

It's probably costing CZ more in rep, or in headache dealing with retards like the ones you posted, or here Why else would they? They just profit off of the fees from trades
Nevermind you think they trade these tokens too I don't know shit about that, GL
Yeah, that makes sense. Probably not enough volume to make it worth fucking people over

You do realize that Binance is delisting a """profitable"" asset?

Except they are not, their bots are doing all the heavy lifting, so they are actually losing money, a lot of it. I hit 95% return rates on these stupid things.

How much are you getting paid to shill Binance, Chang?

95% return
now imagine if you used real leverage(futures) instead of these toys

>they bought leveraged tokens instead of chad zano
kek

These things are waaaay easier and faster to trade. I'm probably moving to FTX anyways, more variety.

Wait, retards actually were holding these things long term? Lmao

>easier ,faster ?
how in both cases your making a speculation wether the price will go up or down ,except in futures you can use higher leverage and short/long more token than (eos,eth,xrp,btc)

help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough-READ-THIS-

fuck i lost 50% of my portfolio trading this shit

These shits were great for trading short term with BTC volatile. I loaded up on ethbear when it was $12, was gonna make a fortune the next time BTC dumped..kek

Dude, if binance cannot properly handle a simple self leveraged token, what do you think will happen to those complex instruments like futures and so on? It's just a matter of time before Binance shits the bed, this is a sign.

The human race deserves something much worse than corona.

WHAT THE FUCK??? I JUST PUT SOME MONEY ON BEAR. IS IT GOING TO STOP EXISTING???? DO I HAVE TO CASH IT IN NOW????

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Same

top jej this is either some great larp or humans are doomed

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Yes. They're taking away ours means of getting back in the game

This vague retardedness would've confused me if the other user didn't reply seriously, too bad

these things just naturally devalue over time..Dont hold them for more than a couple of days unless you caught the top or bottom of a eth pump or dump

>futures
>complex
its litterally the same as FTX except with the possibility of a higher leverage
here is a shorts i made with link a while ago pic related

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what do you mean "binance can't handle"? they're only delisting them because they realised how many of their customers are literal low iQ shitskins that don't even understand why they're losing money and think they just got scammed by binance. so in order to save their reputation, they're probably not going to fuck around with anything more complex than simple shitcoin trading in the future

Me too. Every time I sold the bear tokens too soon fearingba moon. Profit was very easy initially but after a while it got addictive and lead to overdtrading. Glad this nightmare is over.

Same. I made a nice profit but kept trading them.
Still though, they are taking away our way to make money. It's not fair

>loose
illiterate pajeet

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if this is a real picture you are a fucking moron to do this with link.

Fuckin delisting these before BTC dumps is gay as fuck though. These are much safer than trading fuckin 125x or whatever on leverage and getting wiped out minutes later