Good point. In some cases a house can go to zero.
Leveraged trades, over a macro scale yes stuff has gone up immensely in that time but if youāre a sick degen who opens up a 50x BTC long for a big chunk of your roll it isnāt hard to get liquidated. Especially if you keep piling money into it trying to avoid the liquidation. I have done just that on a much smaller scale then someone like him would be operating. Your original $500 position turns into a $4k position and then poof itās all gone.
Is there some way awice proves the account that bought it belongs to him? Or is it just he and the artist announce the sale?
My buddy was doing 100x.
Awice won the first election telling us that Trump would win because he would pivot at some point and start being nice lmao.
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Awice lost like $100 million leverage trading in May. You can all extrapolate how much heās made and how much heās worth now based off that.
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Also that it would be a Trump landslide.
Holy crap. Crypto or stonks?
Crypto. He was the 2nd highest volume trader on one of the biggest exchanges at one point.
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you can capture and torture him till he gives up the truth.
crypto is pretty public and awice has been stupidly successful. he was pumping solana for a long time which by itself would make him a multi millionaire.
sure, he probably lies constantly and hides his bad takes because his status is worth everything in the pump n dump industry, but itās so strange how everyone here keeps trying to rationalize why he isnāt actually super rich.
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Good lord, how do you get cleaned out in a market thatās gone up 10,000%? That is an epic degen move.
So does losing $100 million leverage trading mean you actually lost $100M, or you lost your leveraged $100M and actually lost $10M or $1M or whatever?
The same way he spun it up essentially.
Well Iāll just say the picture of him in front of two fancy cars in a parking lot didnāt impress me a whole lot.
Iām always just curious what is 100% verified in these situations.
There are some gambling degens who if they have 1 million they want to make it into 10. If they have 10 they want to make it into 100. No amount of money is ever enough and they will be very, very lucky to not go busto. Iām not rooting against these kind of people, but itās hard to root for them bc they have to get so, so lucky to not go bust.
And yet here they still are not having lost it all.
You borrow 100M to buy alt coins that go bust and now some very angry people want their money back. Who the fuck makes these kinds of loans is an interesting question.
Yea Iām not an Awice shill by any means. He mistimed the market badly in May and again in July. He also tried to release an NFT which flopped (but he did offer and follow through on refunding anyone who bought). Heās obviously made some sick early calls though and Iād imagine heās still worth 8 figs (who knows maybe not).
Nope he actually lost his own money.