No one is trading in that scam FTX exchange. They are cheating with fake volume.
"Due to lack of understanding of how leveraged tokens work by many of our users, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs" Alright, someone got rekt bigly.https://twitter.com/binance/status/1243903854619406336 …
Will Delist All FTX Leveraged Tokens
From now until the delisting time you can:
- Trade out existing positions.
- Withdraw
- Continue holding and be credited the equivalent value of your holdings in BUSD at the time of delisting.
https://binance.zendesk.com/hc/en-us/articles/360041613471 …-
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That's not the same.
End of conversation
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Right, because I imagine the majority of their users totally understand how other leveraged products work!
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Borrow go brrrrrrr
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This is good imo. Many people thought that these tokens represent 3x exposure to BTC both up and down, so you can DCA into them thinking it’s a great way to 3x your stash when it all goes up. Listing BULL over $10k USD made this believable too.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Wow. What a dirtbag move. Of course, everyone should know by now that trading on binance is basically playing with a dumpster fire.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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One of the most ridiculous tokens. Bull or bear! Both tokens will go down no matter what. If you get profits, considers urself as lucky. Lol
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This right here. They decay horribly fast. Get rid of those shits
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