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A comment on $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin. Parent comment

Re:$365B wiped off cryptocurrency market after Tesla stops a... by rawtxapp on Thursday May 13, 2021 @04:35PM (#27147090)
It's called leverage, unfortunately too many exchanges offer way too high leverage to people who might not fully understand what they are doing.
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Re:$365B wiped off cryptocurrency market after Tesla stops a... by samsonradu on Thursday May 13, 2021 @05:31PM (#27147736)
Right: https://www.binance.com/en/support/articles/360033162192
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Re:$365B wiped off cryptocurrency market after Tesla stops a... by trophycase on Thursday May 13, 2021 @08:02PM (#27149066)
Uh, for most of these "obscure tokens" you can't get that kind of leverage. SHIB or SAFEMOON or w/e was worth billions before it was ever even listed on Binance.
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Re:$365B wiped off cryptocurrency market after Tesla stops a... by hi5eyes on Thursday May 13, 2021 @06:03PM (#27148053)
nearly 10B in longs were liquidated on April 17th, exchanges give everyone way too much leverage with the tap of a couple screens
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