Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Routine-Demand-483 on 2024-12-24 19:23:31.

This is hell. Pure hell. I never want to go through this again. I think I've hit rock bottom.

In a 3rd World countrythis is a lot of money. I was holding ETH and foolishly started futures trading. Initially, I was making gains, but greed took over. I was so close to liquidation that I sold my entire ETH position to add more funds to my short Position on that shitcoin UXLINKUSDT. I THOUGHT the price would drop, but it skyrocketed in an inexplicable way.

I'm left wondering how they manipulate the market. Is there some kind of indicator that says, "Hey, this guy just invested $3000, let's liquidate him"? How is it possible for the price to suddenly explode and then crash dramatically within minutes? If I hadn't been liquidated, I would have been in profit.

https://preview.redd.it/60xj8nvkku8e1.png?width=1080&format=png&auto=webp&s=ab131af161741c09f14c02b5a607a225fd6766b6

Any advice on how to navigate this kind of market manipulation would be greatly appreciated.

https://preview.redd.it/sg86e49eku8e1.png?width=1080&format=png&auto=webp&s=f04fe3329864cb91da6b7653e08fcba851057221

https://preview.redd.it/qhfoc59eku8e1.png?width=1080&format=png&auto=webp&s=d4bb64e45fc21826d604b7834fd172ffb7bf4ebb