Liang Xi's 400x leverage went bankrupt, the end of the gambling king legend?
Liang Xi played big this time, using 400x leverage to gamble, and ended up going bankrupt directly, his gambling king legend was shattered!
I heard that he boldly tried this time, using super high leverage to speculate on Bitcoin or Ethereum short-term, but lost everything in five minutes, and his assets were wiped out, which was really jaw-dropping.
He used to love frequent transactions, thousands of times a week, and always used high leverage.
This time, Bitcoin fell sharply, and Trump refused to increase his position, and MtGox sold a large amount of money, and the market was in chaos all of a sudden. Retail investors are like sandwiched biscuits, being bullied by both sides.
To be honest, Liang Xi lost this time because he was too greedy and out of control.
400x leverage, how big is the risk?
A little market fluctuation can make him lose everything. He used to make a lot of money by being bold, but now the market is stable, his method doesn't work anymore, he is just jumping into a pit.
Retail investors should learn from this lesson, don't be like him!
Xi is a living example this time, telling us that politics and the market are unpredictable, and high leverage is extremely dangerous.
Don't be blinded by greed, look at the market rationally, and don't follow the footsteps of the gambling king.
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