I'm not sure that Binance is a casino. There are rules that you accept. The calculations and their consequences are the responsibility of the one who made them and believed in them: YOURSELF🎉
elma newton
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Liquidation: The Brutal Truth Behind the Trade! 💥
Ever wondered where your money disappears when you’re liquidated? Brace yourself because it’s not just vanishing into thin air! Here’s the dark breakdown: 1️⃣ The Exchange Wins Big: Binance (or any exchange) gleefully scoops up the liquidation fee straight out of your collateral. They’re the house, and the house always wins. 2️⃣ Opposite Traders Feast: Your loss is their jackpot. Counterparties on the other side of your trade thrive as your position is forcefully closed to fuel their profits. It’s a battlefield, and they just scored a direct hit. 3️⃣ The Insurance Fund’s Safety Net: Got a bit of extra cash left after the carnage? That gets swept into Binance’s insurance fund, padding the system to protect against market chaos. In short: Binance takes a cut, counterparties celebrate, and you’re left wondering, “What just happened?” #BinanceAlphaAlert #USJoblessClaimsDrop #ShareYourTrade #DOJBTCAuction
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