See that 150 eth peak per wbtc?
That's me.
I tried buying 1 wbtc through market order at price of 29 eth, but instead it executed at average price 65 eth by literally emptying the order book.
I already contacted Binance support so that hopefully they will revert this transaction.
What method of suicide should I choose if I don't get my funds back?
I will never be able to recover. I literally lost value of one 1 btc in just one transaction.
cunt multiples of us lose 10k+ usd in a rug wtf you worried about.
Live like a degen die like a degen
Just hop on the next yield farming token and you'll 2x minimum
I wanted to buy wbtc so I could put it into eth-wbtc liquidity pool on Uniswap and get token reward.
So essentially I wanted to hop on the next yield farming token.
oh lmfao fucking rip to you. the world is a sad place.
Bump so that Zig Forums can at least have a good laugh at me.
you wont get your money back as you didn't set a limit
Were there previous situations like the one I'm in?
I'm trying to cope with the reality I put myself into, but I just can't.
Why didn't you just wrap on wbtc.cafe?
thanks user the 150eth order was me i set it up out of boredom
They will likely not do anything and remind you of the risks in making a market order.
>I already contacted Binance support so that hopefully they will revert this transaction.
Why? How?
I didn't have any btc at the moment so I thought that I might as well buy wbtc. When I was buying it the Binance interface showed me a perfectly normal purchase price, not the super inflated price I ended up having to pay.
Honestly if Binance gets me out of this situation I'll love them forever.
you fucked up and no refunds
dude orderbook liquidity slippage
if you trade you should be aware of these and use limit order with enable taker fee on thin books
That guy from BInancE that said sorry can’t refund was me. Fuck you, you little bitch ass faggot.
Protip: covid was biological, and we did it to fuck you anglos up the ass.
If I were trading some unknown small cap coin then yes, but this was bitcoin, except wrapped and I got zero warning that my order is literally bigger than the order book.
i don't understand what causes this to happen. can someone explain the candlesticks that are people buying at ridiculous prices?
>but this was bitcoin
no it wasn't you literally bought a shitcoin
>bitcoin, except wrapped
zero difference right
>warning that my order is literally bigger than the order book
that would be nice though
>and I got zero warning that my order is literally bigger than the order book
well yeah you should definitely tell them about that they should warn for big slippage all exchanges should.
OP literally explained what he did for this exact thing to happen.
fat fingers
btw i think op bough at correct prices
eth should be worth a lot less compared to bitcoin
but that's just my opinion
Yes OP bought at the right price and should not complain.
In fact he should be proud. Thats a fair valuation.
Next time use a limit order but set it a little above the price you're buying at to prevent shennanigans like this. It will execute as market as long as theres orders under the price you set your limit at.
Yes, I will never again use a market order in my life.
Ye plenty of people have done worse believe me.
I made a similar mistake market selling ENG on IDEX back when, I only lost about 1k usd tho.
I literally emptied the order book too.
Binance stole 150 link from me during a highly volatile period when I tried setting a limit order, then cancelled the limit order and the exchange glitched out and market sold it without my permission. Good luck getting your money back (because you won't).
Did you contact Binance support?
Binance and other exchanges will display a current price. But it's good to look at the order book before you buy a coin to see if there is enough liquidity. What that means is that there are enough people selling in the price range you want to buy in.
In OP's situation, there was no liquidity, and I guess he clicked market buy with his whole stack, so Binance just executed every single trade in the orderbook to get his request fulfilled. Well since theres barely any sell orders, it kept buying everything up to fulfill his full amount he wants to buy in.
That's why you see these massive candles on low volume shitcoins. People refer to this as a "fat finger". OP is feeling pain because he lost everything in a careless mistake. However, people play buy and sell orders at ridiculous prices in the hopes of people like OP making a mistake like this. A lot of people are waking up to a nice little chunk of money in their balance.
OP, you made a mistake, and you are going to feel lots of pain for a while. But try for a moment in your coming days of pain to reflect and see if there is a silver lining there somewhere. Because there is. You lost a lot of money buying a shitcoin to be a gambling degenerate. We both know degens rarely make it. You need to do some reflection. It's going to hurt, but you'll have to start over. We all have.
I remember starting out in crypto, and having a shitcoin I held go to 300K, then back down to 8K. I was euphoric then depressed. It took a while to get over it, but I did and now it's a distant memory. Same thing will happen to you if you just give it time and accept, and get back on your feet. Sorry user, but it will be ok.
I've been stagnating at 100k the whole summer like a chump. I kept putting 1k in a few projects I "thought" were good(they were utter losers) and I kept getting rug pulled or worse dumped on.
That's why I kept stagnating.
If your legit financially fucking ruined start a gofundme or something and im sure quite a few of us will dono.