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Topic: MemeCoins: Can I lose more than my investment leading to devastating loss (Read 187 times)

legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
That's just the worst situation I've read about.
What about going only -200% let's say on one account and a person has only one of them - their next trades would still be plummeted by this loan that wasn't satisfied?

if we're talking about cross margin account for future trade usually the exchange liquidate when there's not enough money in the account balance to make sure that there's money to pay so once it hits around -90% to -100%, if there's no money left, the exchange will automatically close your position and fulfill the contract.

that's just a way of exchange or any broker to give you leverage without the complexity but also impose stricter rule so they aren't on the losing side having so many people default on loan I guess. you're only allowed to have more than -100% PnL if you have money to compensate for your current position.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
It gets liquidated, so you are still not losing 100%+ , you are losing whatever your trade was, but you need to have a collateral in your account. Meaning, lets assume that you make a 100 dollar trade, but it's a leveraged one, with margin, and you put up margin so you do not go zero, and if you do that, your 100 dollar trade could lose you more than your 100 dollars.

But, you are not going to lose more than what you deposited, that just doesn't exist, why would any place give you a loan like that, it would be credit that you can decline to pay and nothing can be done, so this means, you deposit more, but you trade less. Margin makes it go 100%+ more than what you trade if the price goes other way too much, and this could be one but OP is still not around and I am still on belief that he figured out what's wrong and fixed it.
legendary
Activity: 2772
Merit: 1127
How come that we can lose more than how much we invested? we can only lose everything that we invested but nothing more mate .

but trust me , try not to deal with memecoins unless you are willing to lose .
Yes, it is like the OP still have incurred a debt, lol. It can be a glitch in the system only but if I remember, I think I saw a similar one on the past. It is when I'm playing a trading game on some app. Meme coin or other coins but as long as we invest, there will always be a chance of losing and maybe some will just say: 'Why not take more risk and if it goes well, we can earn much better?' But, they don't realize that it is not only about losing big time but a proper capital management can do a big thing too.

As of now, some altcoins are recovering which means we cannot simply conclude that all the coins under the altcoin roof are same. If we take time to analyse to find the right potential coins/tokens then we can easily multiply our bitcoins, still we should not ignore the risks associated with overall altcoin markets; this is the reason why some bitcoiners never touch any altcoins.
hero member
Activity: 1260
Merit: 765
Top Crypto Casino
I've bought a meme coin using DexScreener and Phantom Wallet. I only placed $50.

If the worst happens, what is the maximum loss possible?

My understanding is that I should not lose more than the $50 I invested.

But then, when I see a red-coloured -$150 in my wallet, it makes me wonder, am I expected to pay that loss?

No mate you are not paying to lose in your investment, the $50 will be the only amount you will lose if the meme coin fall to zero and become worthless at the end, you will hold the worthless coins but the $ value will be lost alongside with the market collapse, so you are not owning anybody $150 maybe I don't k iw you may have to share a screenshot of your wallet homepage for us to know the nature of your holdings, I don't know if phantom wallet offer's other services like staking or borrowing but by displaying your wallet front page, it will help a lot to clarify our assumptions on this question.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
Nah, OP is gone, he is not going to show anything, it has been days and he hasn't been around. If there was a serious problem, he wouldn't wait a week, he probably realized the mistake was some bug, fixed it and moved on with his life, I agree with that. To anyone else out there, I agree with everyone else here, you do not get more than what you deposit, you just lose only what you deposit.

This is very important information to people because they need to know that they can't lose more than what they invested, that's a very important information to have and you need to see that working somehow. I am not saying we won't be getting zero, because if you do bad trades then you can get to zero, rug pulls could make that happen too, but nothing lower than zero. Even at Luna, which crashed, people just lost whatever they invested and nothing further than that. So, you need to make sure that you are dealing with a much better approach to this without a doubt.
?
Activity: -
Merit: -
How come that we can lose more than how much we invested? we can only lose everything that we invested but nothing more mate .

but trust me , try not to deal with memecoins unless you are willing to lose .



you can, by leveraging on cross margin account and let it go down more than 100%, basically anything loan related your money can go well below 100%, it's also the principle of shorting stuff, basically you are borrowing a stock or crypto and selling it right now hoping that you can rebuy at lower price but what happened if the price of the stock and crypto you borrowed just shoot up to 500%, well you got 5x of your initial stock or crypto worth that you need to repay.

That's just the worst situation I've read about.
What about going only -200% let's say on one account and a person has only one of them - their next trades would still be plummeted by this loan that wasn't satisfied?
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
How come that we can lose more than how much we invested? we can only lose everything that we invested but nothing more mate .

but trust me , try not to deal with memecoins unless you are willing to lose .



you can, by leveraging on cross margin account and let it go down more than 100%, basically anything loan related your money can go well below 100%, it's also the principle of shorting stuff, basically you are borrowing a stock or crypto and selling it right now hoping that you can rebuy at lower price but what happened if the price of the stock and crypto you borrowed just shoot up to 500%, well you got 5x of your initial stock or crypto worth that you need to repay.
hero member
Activity: 2408
Merit: 584
you can't lose more money than you invested, this trade isn't leverage where you borrow money from other and at some point you need to fill the future contract as promised.

it's more likely a bug, I also invested some to meme using phantom wallet, if your wallet shows minus $160 it could be that your meme value worth at some point reached more than that and go back down again within certain time frame so the wallet might show you such PnL.

definitely no need to worry, the worst case scenario is your money going to zero that's it no debt nothing.
Yeah leverage kind of trade. This must be the other where we can like loan a capital and this makes it even riskier than ever. It is possible that maybe this is also what the OP is doing. The other thing that you said is also possible but that must be quick if the OP didn't noticed it, though that is also normal for a meme coin because pump and dump can happen to them a lot of times.

This makes them a risky type of investment and need some proper monitoring in order for us to snag some profit on them if in case we got lucky. What happen to him is actually worrisome because he is now down and there might only be a slim chance that we can recover what we have invested in a meme coin, especially in a newer one.
?
Activity: -
Merit: -
How come that we can lose more than how much we invested? we can only lose everything that we invested but nothing more mate .

but trust me , try not to deal with memecoins unless you are willing to lose .

Totally!
Or only lose what you are willing to spend on them.
These coins are not be held with the intent of long term  Roll Eyes
full member
Activity: 2576
Merit: 205
How come that we can lose more than how much we invested? we can only lose everything that we invested but nothing more mate .

but trust me , try not to deal with memecoins unless you are willing to lose .

hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
Honestly, there are "pre-leveraged" ones, but even they do not do this, you just lose whatever you lose, just faster, but nothing more than what you invested.

I would love to see the image, if OP could provide us an image of what they are doing then we could probably make a calculation based on that, without a picture or image that shows what OP is talking about, we are just guessing here and can't really know what's going on, I can't really say if they are right or wrong or anything like that, I can't make a calculation neither, it's just guess at this point.

Maybe if he shows an image then we would know what happened, but my guess is that he already figured out what happened, and didn't felt the need to come here and update us so we are not going to really hear about what happened. It's okay though, basically the thread is closed if he doesn't come back and we could all move with our life knowing that you can't lose more than you deposit in this.
legendary
Activity: 3122
Merit: 1140
I've bought a memecoin using DexScreener and Phantom Wallet. I only placed $50.

If the worse happens, what is the maximum loss possible?

My understanding is that I should not lose more than the $50 I invested.

But then when I see a red coloured -$150 on my wallet, it makes me wonder, am I expected to pay that loss?

Its just a bug, just like on what others been said that you cant be able to lose more than on what you have invested. If you've seen that you are that seeing some negative numbers like that
on which it is really that more than with $50 then lets assume that you might be losing it all. Somehow you could be able to make out some calculations too. There are really times or moments
that bugs or wrong numbers might be showing. There are even some instances when you do make use of Bonkbot when a certain meme coin did rug pull then they will really be showing out some
different numbers like that huge amount of profit or numbers on which you have some thoughts that it might been pumping up into the moon. If you would really be trying out to make
up some cash out or sell then you will really be just that wasting up your fee. Are you using up some bot on this one like Bonkbot or something?
brand new
Activity: 0
Merit: 0
I've bought a memecoin using DexScreener and Phantom Wallet. I only placed $50.

If the worse happens, what is the maximum loss possible?

My understanding is that I should not lose more than the $50 I invested.

But then when I see a red coloured -$150 on my wallet, it makes me wonder, am I expected to pay that loss?

You can't loose more than you've invested.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
you can't lose more money than you invested, this trade isn't leverage where you borrow money from other and at some point you need to fill the future contract as promised.

it's more likely a bug, I also invested some to meme using phantom wallet, if your wallet shows minus $160 it could be that your meme value worth at some point reached more than that and go back down again within certain time frame so the wallet might show you such PnL.

definitely no need to worry, the worst case scenario is your money going to zero that's it no debt nothing.
copper member
Activity: 196
Merit: 6
Not sure if bug, it showing 60 percent loss in value and an equivalent in dollars, which is written in minus -$160 now. Red. It can change of course and go back green if things move up.

Update us on the situation in the near future, but I do think it's a bug for sure.
newbie
Activity: 13
Merit: 0
Not sure if bug, it showing 60 percent loss in value and an equivalent in dollars, which is written in minus -$160 now. Red. It can change of course and go back green if things move up.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
No, you can’t lose more than what you invested. It’s likely just a bug in the wallet, especially if they’ve had similar issues before.

If there’s an option to update the wallet, try that first. If not, it’s best to wait it out until they fix the problem. Bugs like this can be annoying, but they’re usually resolved quickly.

Phantom wallet resolves balance display bug after user concerns
Quote
Phantom, a leading crypto wallet provider in the Solana ecosystem, recently addressed a bug affecting account balance visibility.

On Aug. 15, several users reported issues with their applications, including missing or incorrect token balances. This led to concerns about potential hacking incidents.
newbie
Activity: 13
Merit: 0
I've bought a memecoin using DexScreener and Phantom Wallet. I only placed $50.

If the worse happens, what is the maximum loss possible?

My understanding is that I should not lose more than the $50 I invested.

But then when I see a red coloured -$150 on my wallet, it makes me wonder, am I expected to pay that loss?
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