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if you're not experienced with leverage there's always the option of using the exchange leverage tokens like ETHDOWN, etc. to avoid liquidation risk. not financial advice.
\> I'll be buying puts linked to both BTC (BTCDOWN) and ETH (ETHDOWN) \[...\] Note. This is risky Man, this is not just risky, this is further leveraging an already overleveraged volatile market. Maybe like driving a motorbike on a string hanging between two ships during a storm... :) I'm not familiar with how this exactly works. Is there any kind of stop loss to avoid/reduce the chance of getting liquidated? In any case, you seem to know what you're doing. From my heart, good luck and please take care!
Never a good sign when you start to see craps coins like BTCDOWN ETHDOWN in top 10 gains
I do it by buying BTCDOWN and ETHDOWN on Binance. There is a leverage too (between 1x and 4x). Worked like a charm duing the fall to $34k.
Too complicated for me, I just don't have the time to invest in the research. These leveraged tokens are so convenient. I just buy ETHDOWN on the spot market and that is it. No liquidations, no collateral, just gains (mostly :D).
I short by buying ETHDOWN on Binance. No liquidation risk there.
ADADOWN and ETHDOWN, sorry
I started to buy ADADOWN and ETHDOWN everytime there is this minipump.
So what’s the catch with ETHDOWN?
Over the last 3 days I’ve made a shit ton on ETHDOWN Can anyone explain if I’m in a scam? I don’t really get it but I’m making heaps off this crash
I like to DCA in ETHDOWN. Solid project
You don't have to go Long, you can bet on Short if you are very sure we will have more dips, then buy ETHDOWN/BTCDOWN...... etc.
[https://dailyiowan.com/2021/11/17/how-to-short-bitcoin-cryptocurrency/](https://dailyiowan.com/2021/11/17/how-to-short-bitcoin-cryptocurrency/) I think you can even short is spot buy buying the \*COIN\*DOWN/USDT like ETHDOWN https://www.binance.com/en/trade/ETHDOwn\_USDT
Binance Biggest Losers List as of right now... 1. SUSHIDOWN, - 40% 2. ADADOWN, - 32% 3. XLMDOWN, -31% 4. DOTDOWN, -30% 5. TRXDOWN, -29% 6. LTCDOWN, -29% 7. UNIDOWN, -29% 8. ETHDOWN, -27% 9. EOSDOWN, -26% 10. LINKDOWN, -25% Down Is The New Up.
Bought ETHDOWN after Evergrande thing became public.
I actually wished I would have not ignored crypto the last years. The tech is fascinating and you can trade it. Best I was doing was Doge at 5ct to 27ct and in the May Crash I was early on ETHDOWN, but Karma (and mostly Binance) killed my 12x
Buying ETHDOWN when the Evergrande story caused all markets to drop. I made like 5% of my portfolio on the first day and lost 20% on the next.
No, it's like they gamble against the coins in the futures markets. Another example on how they could profit: binance sells leveraged tokens like BTCDOWN, ETHDOWN, etc; these tokens go x3 up when BTC or ETH go down.
ETHDOWN - profit off other people's misery you slimy shorting scumbag!
Buy leveraged token ETHDOWN due to soon correction. If the price of ETH will go ~2600, from your 1000, you will near have 1700$.
They still exist. Binance recently did a 100.000:1 reverse split on ETHDOWN
ETHDOWN, BTCDOWN are the tokens to go for right now, they look ready to moon
Ye been checking out binance as the option Just using the ETHDOWN?
Yup. If you put in $100, even if it was a leveraged long token, the most you could lose would be $100. They’re typically called like ETHDOWN and BTCDOWN or ETHBEAR and just BEAR for BTC.
So I had around a million ETHDOWN (ethereum leveraged tokens) from when I bought at around 0.00007, but got rid of them all. I now see that it's $7. Did I just lose 7 million
ETHDOWN is up over 11,000,000 % today. That seems high.
ETHDOWN is up 12000000%, today, holy shit LMAO
copied this from Twitter The Binance ETHDOWN 'reverse split' also is pausing it's trading for 24 hours... because it takes 24 hours to change a number. Possible reason: Someone may be planning a massive ETH dump and Binance doesn't want the ETHDOWN contracts to make money.
While I wouldn't suggest it without some good research into leverage and risks etc., but a way to leverage what I believe to be a reasonable amount is with the tokens on Binance "ETHUP" (or "ETHDOWN" if you want to short). The leverage multiple moves between 1.5x and 4x to reduce volatility drag (and loss of funds).
I used to try and time by selling and rebuying but I usually ended up losing the crypto I had because I have to buy in higher. What I do now is hold my base portfolio and with a chunk of my unstaked ETH I will buy leveraged ETH (ETHUP) if I believe it will go up. If I believe it will go down, I simply convert back to ETH (not ETHDOWN though because I refuse to bet against it). If it does drop, I rebuy ETHUP when I feel the time is right.
Just to add to this, I don't believe trading the underlying asset using leverage is a security. A security is a derivative of the underlying asset, leverage is simply taking out a loan to trade the underlying asset. I think what might get banned is derived tokens, like how you can see ETHUP or ETHDOWN vs fiat.
They did multiple things. Many of the defrauding went down during the volatility on May 19th but there is evidence of them doing similar things prior to that and since then. First of all, many people who were trading their leveraged tokens got rekt when Binance halted trading on them (meaning they could not be sold/redeemed) and then when trading resumed they diluted the price so that they worthless. E.g prior to the crash imagine you buy ETHDOWN at a value of N and you expect to get N+ as the value of ETH goes down. Instead, things like ETH went down but ETHDOWN crashed harder so now you have N-1000%. They also halted trading during this period so you could not exit your position, the way they screwed people here was through a combination of rebalancing and also leverage adjusting which took the leverage far over the limit range which is specified by the product. They also screwed a lot of people when they made it the case that they could no longer exit their traditional leveraged positions. Opened up a short on BTC on May 19th and now want to exit whilst you’re up before it dead cat bounces? No problem, Binance will just remove any option for you to close your position and then liquidate you without notification. It was daylight robbery and they even opened up compensation for users with Aaron Gong posting that they fucked up (tweet deleted later). There are loads of materials on this online with shit ton of evidence, check out Binance lawsuit on Reddit, Binance derivatives scam on Twitter, safu union, YouTube etc.
What's your time preference? I have a low time preference so I'm happy to hold for another 5 years to see the market come back, that doesn't go for all my coins, I will unload some of them that I don't have complete faith in. I will also hedge short, Binance does tickers like ADADOWN, ETHDOWN etc, basically if the price goes down, these go up, you can also use futures to hedge short which are harder to manage and learn but provide more reward if prices go down further. Think of hedging as insurance. Also, if it's money you can't afford to lose it shouldn't be in the market anyway. Personally if I was overweight I'd trim on the green days/weeks I would never sell on red days like today.
Currently? I'd say BTCDOWN or for more leverage ETHDOWN.
People that shorted with ETHDOWN yesterday are up 15% today pretty good on such a bloody day
ETHDOWN would be my andere, fuck Binance
Wish I put more into leverage tokens. ETHDOWN tripled since I bought
I wish I got some ETHDOWN today but oh well
Weird thing is, in this case, it did not went up when is was suppose to. Best summary is I bought ETHDOWN when the underlying ETH was at €3400. Roughly ETH went down within a week to, lets say, 1700€. So think for yourselfwhat would you find reasonable for a 'leverage 1x-4x' product to be your profit after this 50% movement in the correct way? Somewhere between +50%-200%? This actually happened until Binanced 'rebalanced' their product and seconds later it went from +150% tot -85% So ETH lost 50% and my ETHDOWN lost 85%. Thats hard to explain to people.
They say the leverage tokens aren't suited to long term holds but you could of bought ETHDOWN and lost 90% of your value instantly. Extremely scummy from binance
Look at the 1 day chart for ETHDOWN. As eth was dumping the price shot up (as it should) and then in a second as eth was still dropping it lost about 90% of its value. Both ETH and ETHDOWN were massively in the red and binance walks away with millions.
Binance are super dodgy. Look what they did with ETHDOWN and other leverage tokens during the big drop. Not a company you want to be trading with
Lost 80% of my portfolio cause of ETHUP and ETHDOWN. 4 months of accumulation, all gone.
Anyone has any idea why ETHDOWN is down 94% today? Kinda amuses me
Crypto noob here. Why is ETHDOWN on Binance dropping 70% when ETH tanks? It should be doing the opposite. Could anybody clarify? Thanks a lot.
Your an idiot. We bought ETHDOWN and eth went down. We made the right call and binance just tanked the value of it so they didn't lose money. Criminal
I was at one stage 200% up on ETHDOWN and seconds later as eth was still falling I was 90% down
Can someone explain to me how Binance's leveraged tokens in both the UP and the DOWN can both be red at the same time? https://www.binance.com/en/leveraged-tokens/tokens/allTokens Like look at ETHUP and ETHDOWN, you would lose either 70% or 85% of your money regardless, this makes no sense? This literally looks like a scam.
Has anyone else been robbed blind by binance holding ETHDOWN ??
Luckily, I guess, I only owned a small amount of ethdown. But this is basically what happened: - ETH 3400, bought ETHDOWN for 0.005ct - ETH first upped to 3600 (plus 6%), ETHDOWN went down to around 0.004ct (down 20%). This is a normal movement - next few days ETH goes down to 2700 (10% per day for example), ETHDOWN went up with roughly 30% per day Yesterdag it was up over 130% at one point when ETH was down and then, suddenly, it took huge losses and when ETH was 2000, ETHDOWN was 0.0015ct. So im litteraly down 80% on my shorts since ETH crashed. I contacted binance lousy support. The reffered me to their 'about rebalancing statement'. It means they have to rebalance their positions in extreme volatile markets. This would, imo, mean that you'd make little less profitt than expected but going down from +130% to -80% whilst making a correct prediction seems bit harsh to me
ADADOWN was demolished as hard as ETHDOWN. This was a rugpull if I ever saw one, freezing trading without warning, then coming back with it diluted making people lose 80-90% of their bags, market manipulation.
I was up 200% on ETHDOWN and literally 30 seconds later eth is still falling and I'm down 80 percent. No response from binance yet but this is criminal
Both ETHDOWN and ETHUP are down 80%. Makes perfect fucking sense lmao.
ETH drops but why does ETHDOWN dro 80%?
https://mobile.twitter.com/DeItaone/status/1395016764040306690?s=20 Binance suspends trading on all Binance leveraged tokens except for BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, BNBDOWN.
Binance has temporarily suspended trading for all Binance Leveraged Tokens except for: BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP and BNBDOWN. Subscription and redemption for all Binance Leveraged Tokens has been temporarily suspended. Oh Boy!! Carnage
Has this got anything to do with why ETHDOWN just lost a 1/3 of its value ?
ETHDOWN has just bugged out big time on binance
I've been holding ETHDOWN for two weeks. It's been a ride
Me and my ETHDOWN looking at the ETH chart just vibin
Fellow Binancians, To provide a better trading experience for our users, YFIDOWN, UNIDOWN, ETHDOWN, TRXDOWN, LTCDOWN, XLMDOWN, FILDOWN will undergo a 10,000-for-1 reverse token split.
This doesn’t effect me or maybe most of us but seeing as how leveraged trading has caused some rektaged the last few weeks I thought I’d post this here. Binance has announced that the following tokens will undergo a 10,000-for-1 reverse token split: YFIDOWN UNIDOWN ETHDOWN TRXDOWN LTCDOWN XLMDOWN FILDOWN
Wth is ETHUP/ETHDOWN? Is that a Song about Eth???
Buy 1 ETHUP and buy 1 ETHDOWN to maximize your profits. Thank me later
You can short with ETHDOWN without margin and thus no margin calls.
So, I dipped my toes in the leveraged tokens (talking like $50 here before someone goes crazy) with ETHDOWN and BTCDOWN and I think I just saved us all because of course the coins are going up now.
I'd simultaneously love and hate that as an ETH miner who decided to also buy ETHDOWN because I'm stupid.
I'm glad, but as BTC falls further I'm more nervous about ETH following. Thinking to hop on ETHDOWN for a while and rebuy ETH later.
Could someone please ELI5 BLVT(binance leveraged value tokens) ? For example- BTCUP, BTCDOWN, ETHUP, ETHDOWN.
ETHDOWN the move right now?
ETHDOWN a good buy right now?
Binance offers both leveraged ETHUP/ETHDOWN tokens as well Eth/usdt options under their futures trading section.
So ETHDOWN at 2130 wasn't a bad move after all. Just wish I'd held onto it longer, exited at 2050.
So ETHDOWN wasn't the move guys
Good point. I bought ETHDOWN at the ATH but I'm not confident about that, it could go either way.
I put $100 into ETHDOWN as a sacrificial gesture so that ETH may keep rising forever. You're welcome guys.
Leveraged tokens are coins like BTCUP, BTCDOWN, ETHUP, ETHDOWN etc. It's (more or less) like opening a leveraged long/short with 2-3x leverage.
March 14th: ETHDOWN first to hit $1mill, shocks world, one guy is loaded
Someone just bought 3mil worth of ETHDOWN tokens on binance, what an idiot lol
The ETHDOWN ticker looks like its maxed out / flatlined - which means I think it needs to be rebalanced. I just looked into margin trading on Binance as well but it seems way too complex.
I'm on it - just got a deposit into my Binance account. Planning to trade the ETHDOWN ticker.
By buying into BTCDOWN, you will always find something like for popular coin, for example : ETHDOWN