Can't really put the blame on Bitcoin here. People who go heavy on leverage need to look in the mirror. This isn’t the first time we’ve seen this happen. It’s been a recurring theme, but some folks just can’t resist the temptation to trade greedily and end up getting burned again and again.
Sure, some altcoins have potential, but honestly, 99% of them are just trash. They're super volatile, and that can lead to liquidations in no time. And then you've got those who decide to use high leverage on these risky altcoins. That's just a recipe for disaster.
Just take your time, go for low leverage, or maybe even sit out of trading altogether since it can be really risky.
Don’t point fingers at Bitcoin; focus on the altcoins, trading practices, and your own choices.
Actually, some high profile traders claim that some exchanges manipulated some of the options on that day causing them to lose heavily. But whatever is the allegation, factual or not, my advise for traders is not to be greedy with high leverage in their market. The crypto market is a highly volatile one and taking it gently is better than increasing risk appetite. The dangerous thing about increasing risk is that if something like crash happens like it did on 10th this month, it takes a high leverage account faster before the low leverage account with adequate funds, maybe you could savage it mess on time.
https://www.binance.com/en/square/post/30869330255130
Those people might only be trying to accused those exchange for there fall, what happened was even too much for any exchange to anticipated advantage on traders, all the traders who were trading while it happens will also get the same hit so if they all blame the exchange it will look as if the exchanges are the cause of it, it was a general crisis for those traders and besides a lot of them are blaming so many things including the whales for selling too much but they did not also think about what they have done on there part because if some of them weren't too ambitious of high profit they would have only lost fewer percentage.
It's their right for free speech to blame their losses on Bitcoin or on Trump but they did many bad things that converged with each other and caused their big losses.
Choosing altcoins is bad.
Using leverages is bad.
Trading with margin or future is bad.
They did many bad things and it's unrealistic to expect good ending.
They ignored risk from altcoins while even stable coins which in theory are safest altcoins still have high risk of depegs.
Stable coins: a deep dive into valuation and depegging.
Maybe they got surprise how fast those bad situation happen and bad market movement cost them some huge loss. That's why they think about that they are been rugged by exchange for those situation happened.
But actually they cannot blame those losses to the platform since this is somehow natural occurrence on the market especially if they are not paying much attention on their trades. That situation on where lots of trader got liquidated is another great reminder that they should never play around and always pay attention on their position. Many people lose lots of money for many times that Bitcoin experience some dumps for past few days.
Traders should blame themselves for the lack of discipline and proper risk management in trading, such as in the case of trading using high leverage. In fact, using high leverage can increase potential profits, but it also increases the risk of loss. Losses experienced by traders are usually caused by being too greedy and not having discipline in managing risks, which can result in significant losses.
I think traders like this never learn from their own experiences or the experiences of others around them, so they keep repeating the same mistakes.
Finding good Altcoins is hard, it's like looking for coins in the mud, so using high leverage on volatile altcoins can be very risky and can potentially lead to liquidation, Be careful with Altcoins because most of them are junk which has high risk and can cause big losses.
Bitcoin is not to blame at all, it is just a medium that can help improve Finance (if lucky), but if the situation is different, then the first party to blame is yourself.
Exactly the point. No trader should cry wolf when they have taken too much risk and perhaps didn't protect themselves. I believe that there is a kind of volatility that can within a twinkling of an eye distrupt everything going on in a trade when you are active. More importantly is that we need to also understand that crypto trading is different from forex trading regards to the daily news release. In crypto trading, there is no daily release of news but that exist in forex trading which forms the fundamentals, so you can actually shut down your trade before the news hits the market if you don't want to trade that particular news. For example, if you don't want to trade non farm payroll or unemployment rate, you can just let it go for that moment but crypto news is hardly public or directional.
Understanding the concept of leverage is what most Traders don't pay attention to both in crypto and even in currency and commodity trading, and that is why you see that they cry so hard when things like happen to them. it ha and will always be said here that Bitcoin is the most stable coin you can always think of if you ever want to invest in crypto as all other alt coins may just be some gamble but because of the volatility, some persons think they can be really smart enough to take advantage of such when they see but forgetting that as much as it can be of serious advantage, it can also has its down sides that can be really disastrous when it strikes. this like you said has happened before only that many still refused to take not and understand that History will repeat itself and so they have to be mindful when leveraging, maybe others will learn form this in case of next time.
10/10 2025 will be a memorable day in the life of some traders and at the same time, some will be er wanted to be reminded of this same day because of the loss they had been through, when the market falls like this, not everyone gets affected negatively, some are into profits as we see on how some got into serious loss, which reminds of of what we ought never to forget right from time, that in trading, don't take a risk you can't afford to lose.
Besides being greedy, those who complain, I think, are too confident in their analysis. Meanwhile, they do not anticipate the worst possible outcomes. They are unprepared for what happens; some will surely panic and get angry. Others will curse themselves for forgetting not to be greedy.
Success in previous trades increases confidence, making them believe that the market will still move according to their predictions. We must realize that mistakes causing losses in trading are our own. There is no need to blame others, even when we use signals from other people.
oh man leveraged trading is real gambling. I guess a lot of people are following certain
social media channels tutoring on how to do it with 100x + leverage. I think 3x is risky
particularly without trading experience.
You gotta be mindful of the "wick"! the market might only go to $110k but its the wick
down to $108k which kills even more leveraged trades.
Those who get liquidated can indeed only blame themselves but these types
of trades will continue in the hopes of making it big.
look bitcoin itself is not the problem at all!! i think the main issue is the fact that traders are just using too much leverage and trying to make quick profits, especially with altcoins that move up and down very fast like a high school swing!! most altcoins are risky and can crash badly so trading them with high leverage almost always kind of ends in losses. it is the same thing over and over again!!! greed makes people take big risks and then they get liquidated when the market just have a surprising downward trend!!! the truth is trading is already very risky to begin with and adding leverage only makes it worse so if someone really wants to trade then they should be patient, use small leverage or even better they should try to focus on long term holding instead of chasing fast money! risk management and selfcontrol are the only ways to last in this crypto market else people will just keep blowing their portfolios in every circle.
This liquidation caused a lot of havoc in the crypto space, i heard a dude took his life in his Lamborghini and some other suicide attempts, a man cant just take his life like that if he made an affordable risk, but the overconfidence that bitcoin has inputted in individuals has made them use high leverage risking very high, but as a forex or crypto trader you should know by now that your not the one controlling the market, you are there to make use of opportunities and take money from the market, but the way some traders risk is just like they are the one controlling the market and know every movements that it will make which is not right
This should be a lesson to traders to risk an affordable amount and stop risking like your the one controlling the market.
I have repeatedly said this that Altcoins are never a go to for high leverage and anyone doing that is simply gambling because even if youre holding them on spot youre obviously gambling because it has tendency of actually going to zero. So for me I think it is wrong for anyone to even blame the Altcoins too, just like bitcoin they actually have no hand in anyone getting rekted, they actually have shown that they are a volatile coin and trading them is actually at the traders risk so why blame them for the loss which they had actually promised will happen.
One of the major reasons why people get liquidated is not even using high leverage or trading volatile coins alone but because of lack of proper risk management, many of this traders that got liquidated werent having a stop loss on their trades and this should be the main basics every trader needs to know and implement, many people who had stop loss placed properly in the trades simply got stop loss trigger notification and not that of liquidation but most traders were too greedy to include one and it is the reason why most got their money wiped out
Years ago in a latest market cycle, there were crashes of Terra with two tokens, LUNA and UST, then the FTX exchange token FTT. These crashes are big lessons for people who want to hold altcoins but they quickly and easily forgot these big lessons.
In this market cycle, altcoins have been creating more massively and quickly than past cycles; consequently there have been more terrible crashes in this cycle too. The newest market wash out gives many examples on super dangerous altcoins even top coins that fell to nearly $0 within several minutes. With inexperienced investors, if they did not sleep when the crash happened, I believe that they would not be able to feel well, calm and likely try to sell at almost completely loss.
It's never late to learn about this.
One of the best weapons in trading.
Although, are there people who were blaming Bitcoin for their lost positions? Bitcoin didn't cause that crash to happen. There was market panic because Trump threatened to increase the tariff on China by 100%. Legacy markets also crashed.
I believe the only entity that should be blamed is yourself. Bitcoin, and those shitcoins, didn't force a person to trade them using high leverage.
I do not know of shit coins but I went through the price bitcoin on perpetual Dex and bitcoin also almost dropped to $100000 on the perpetual web3 exchanges. I do not mind what other traders are saying. People should stop saying there was manipulation on what that happened on all exchanges, not that it happened on one exchange but all exchanges.
No one is to blame for losses by users using features offered by an exchange for Bitcoin and altcoins. trader can't blame the exchange if they lose their assets on Bitcoin, while trading in spot market. trader also can't blame the exchange if Bitcoin and altcoins don't align with their analysis, even if the trader has used high leverage in futures trading and lose their money because being liquidated. These are all personal decisions, and exchanges have disclaimers stating that trading losses are not their responsibility. Losing assets due to a system hack is a different case, the exchange must be held responsible for the incident.
In the end, traders must be understand the difference between:
1. trading losses, and (personal responsibility)
2. losses due to a hack. (exchange reponsibility)
I've often heard accusations of market manipulation, but if they hadn't used such high leverage on futures or perpetuals, I'm sure their assets wouldn't have been liquidated so quickly. Even with high leverage, there's still a stop-loss feature that can be used to limit losses within the trader's tolerance.
So in my opinion, bitcoin, altcoins, and exchanges cannot be blamed for traders losses because entries and exits can be set by himself.
It's your money, and it's your individually responsibility with your decisions, actions and profit or loss. It's the first thing you must be aware of and with either profit or loss, it's your responsibility and result you must acccept.
In trading, if you made bad trading positions, ignoring stop loss order, and refusing to close your position before market squeeze, it's your responsibility. There are times like a latest market crash, exchanges can have technical problems like Binance, but it's not main reason of your loss. Exchanges have their responsibility by providing bad service for users, but users must be mainly responsible for their losses.
If they had not use leverages, they would have not suffered liquidations and lost big money.
If they had closed their position when they feel unsure about the market, they would have avoided a market crash and liquidations successfully.
If those people complain because of their loss, they should take a look at themselves because this will not happen if they are not greedy and close their trading using SL. Many people forget about this and think that the price will not go down suddenly. But then, when the price is down deeper and makes them lose, they are too late to modify their trade but lose their money at once.
Trading with altcoins needs to be done carefully because the moves of the altcoin will follow where Bitcoin moves. And when Bitcoin is down, the altcoin will follow and if you are not ready, you will lose in trading. If you still try to enter the market in this highly unpredictable situation, you may lose more. So calm down and take a rest to decrease your tension.