REKT: I tried PancakeSwap's “Degen Mode” at 750x Leverage So You Don't Have To

BitcoinOverdose · 2023-10-07T14:51:10+00:00

Brother sacrificed 20 bucks just to show us how it is not done.

Sir_McFuckington · 2023-10-07T15:47:05+00:00

Have you ever thought: "I wish I could lose some money...but I just don't have the time!"

Well, worry no more. those days are over!

With PancakeSwap's new DEGEN MOOODE, you can lose the same amount of money you would have lost otherwise, but up to 750x faster!

750 TIMES FASTER!

And that's not all: if you put your money here, in the next 24 hours, we guarantee you will be broke (YOU WILL BE BROKE) by tomorrow morning! Your kids will be eating the neighbours grass, and your spouse will leave you, in no time

So what are you waiting for?! Try the new Degen Mode now, and be broke in the morning!

DEGEN MOOODE!

Legal Disclaimer: YOLO!

raymv1987 · 2023-10-07T14:29:37+00:00

Folks imagining "but what if I caught a pump" going to generate a lot of money for the platform

Ermingardia · 2023-10-07T14:30:09+00:00

The title says it all. Thanks for warning us and for your review!

Calm-Cartographer677 · 2023-10-07T14:29:36+00:00

I prefer to stick to 200x leverage personally, 500x or 750x is a bit too risky for my taste.

Maleficent_Sound_919 · 2023-10-07T15:04:26+00:00

Today I learned we have a 750x gamble feature

Tasigur1 · 2023-10-07T14:40:09+00:00

750x Leverage? That is so stupid and highly regarded, I will have to gift you 1 Moon for that.

Don't try this at home kids.

mbdtf95 · 2023-10-07T14:29:37+00:00

Hey at least you survived for almost 15 minutes without getting liquidated.

Cravensworth_3dux · 2023-10-07T14:29:01+00:00

I like playing with Futures and leverage when someone gives me some play money. I got 5bucks from a dex and went short with 100x and made a whooping 70cents. Then lost it all going long 😂 Lesson learned, only shorts work! Nailed it! Follow me for more tips. (Don't.)

giddyup281 · 2023-10-07T14:44:52+00:00

That "REKT" next to liquidation price is... An additional kick to the balls.

SmallReflection2552 · 2023-10-07T15:27:21+00:00

So You Don't Have To

And I've never wanted to.

Tajo990 · 2023-10-07T14:30:26+00:00

lol it's officially called Degen Mode. You're a certified degen now

abhilodha · 2023-10-07T16:01:11+00:00

You should have tried bitmex 100x it has better liquidity and charts actually works...

Or deltaexchange option buying....

Both can be played with as los as 1$ amount

IllIllllIIIlllII · 2023-10-07T16:26:02+00:00

Wouldn’t 700x leverage liquidate you based on the spread pretty much?

TheHoodOG · 2023-10-07T14:56:52+00:00

you could lose a LOT of money if you don't know what you're doing. Stay away!

If people are using 750x i feel like they usually don't know what they are doing😅

2023-10-07T14:52:23+00:00

[removed]

kn0lle · 2023-10-07T14:31:29+00:00

r/whatcouldgowrong

Clpunit · 2023-10-07T14:51:47+00:00

You can’t outcasino the casino!

mbouhda · 2023-10-07T14:56:54+00:00

You are so broke now, you can't even afford to buy a new Pancake

searchingtruth1 · 2023-10-07T15:42:34+00:00

I need 1000x to get excited...

seeyouwhenthesunsets · 2023-10-07T15:45:48+00:00

I'm still happy that I don't know how leverage trades work and I have no intention in learning it.

nobelcause · 2023-10-07T21:03:15+00:00

At 750x, I'd long and short $10 at the same time with a predefined 300% profit.

taikaubo · 2023-10-07T23:17:36+00:00

Is pancakeswap crypto leverage trading without KYC?

Dazzling_Marzipan474 · 2023-10-08T10:39:57+00:00

Idk if telling all of us degens about this is a good idea 😂

user260421 · 2023-10-08T10:45:00+00:00

So it's not a bad idea to have a small amount of money to test these things. You can lose a little but it's much better than putting all your money in a trade.

thelalilulelomkii · 2023-10-08T11:42:32+00:00

I've been putting in 125x leverage with $10 at a time and seeing +600% profits within seconds. Equally goes poof on 1min candle. Have been testing over the past week with shitcoins. Getting it right is a headache, but when it works out. $10 'could' technically turn in to thousands going Long. I've been working on getting a particular short right with $10, with a realistic gain of $550 with a potential of +$700. 750x is damn right DEGEN indeed. But throwing a few dollars in can be very fun. It's like catching one of those shitcoins that go up by 50,000% lol.

OddProgrammerInC · 2023-10-07T14:30:32+00:00

Bro by the time you enter stop loss you already get liquidatied lmao

Unitedstatesofnever · 2023-10-07T14:35:57+00:00

750x leverage. You have a massive set of balls.

economist_kinda · 2023-10-07T15:09:41+00:00

A good opportunity to lose your money 750 times faster

Apprehensive_Crow500 · 2023-10-07T15:12:41+00:00

I’m sorry but I had to laugh when it went lower in the last chart. Pain

Phuzzybat · 2023-10-07T15:30:29+00:00

I realise my question here only shows my ignorance of such things:

But what is the time frame of the positions - for example when you take out a leveraged position you are betting on future price, but is there a fixed timeframe at which the position closes or do you close it as and when you choose (although I realise it would be automatically closed when you are rekd)

Just asking for a friend.

EdgeLord19941 · 2023-10-07T15:32:20+00:00

Aaaaaand it's gone IRL

IrvTheSwirv · 2023-10-07T15:37:48+00:00

Guy put $20 on black and it came out red.

beastmachine88 · 2023-10-07T15:39:29+00:00

My man

Gr8WallofChinatown · 2023-10-07T15:49:27+00:00

Hahaha I love this type of content. Ty for your service

heartybasiss · 2023-10-07T15:51:31+00:00

I will stay away from this

Nirbhik · 2023-10-07T16:06:48+00:00

750x

You are an ultimate #degen brother. thank you!

Pibo1987 · 2023-10-07T16:23:16+00:00

Wake me up when someone offers 1000x

esnucke · 2023-10-07T16:27:02+00:00

You go in a trade. Your predictions, if there were any, turn out wrong. You lose money.

Nothing new here.

WreckingSeth · 2023-10-07T16:48:37+00:00

That's some Jackass level stunt right here, thanks op for your sacrifice, your 20$ will not be forgotten

Sweaty_Wizard · 2023-10-07T16:51:27+00:00

It worked as intended

osrsslay · 2023-10-07T16:57:52+00:00

What is leverage trading? I’ve heard the term many times, is it where you basically “gamble” on what the price of a crypto will be? Or is that futures? Sorry I’m still learning haha!

primoboi · 2023-10-07T17:23:05+00:00

Thank you for your service!

emailemile · 2023-10-07T18:12:58+00:00

Brother lost 20 dollars in 8 minutes, there are gamblers who lose money slower

KingVandalo · 2023-10-07T18:26:02+00:00

Well PancakeSwap is not on its best moment. Probably will recover in the next bull run tho, but not right now

keyehi · 2023-10-07T18:39:54+00:00

Dude, you got almost 500 back. Can we propose the next test?

Spend only 100:

50 long
50 short
Add a reasonable take profit % on both

And make another post with the results.

HighBuyGuy · 2023-10-07T18:58:45+00:00

Thanks for that! Taking one for the team!

Tattiess · 2023-10-07T19:08:03+00:00

Thanks OP for this experiment.

ughlump · 2023-10-07T22:04:45+00:00

Yeah that’s pretty wild. Thanks for the sacrifice.

TheRealMangokill · 2023-10-07T23:02:15+00:00

Everyone knows that you dont make money with no money. Put 10k on it, call us back.

JohneryCreatives · 2023-10-08T02:09:29+00:00

I mean the name speaks for itself. Appreciate you trying it out and asking people to stay away but let's face it, a lot won't

nukedmylastprofile · 2023-10-08T02:10:36+00:00

Enjoy the moons repayment for your sacrifice my dude. You earned it

geniusboy91 · 2023-10-08T02:41:51+00:00

At that point you might as well just offer 1000x leverage.

Lanky_Ad9894 · 2023-10-08T03:28:09+00:00

sir this is a Wendy's

immortaldidi · 2023-10-08T04:05:20+00:00

I didn't know about this beforehand. Thanks OP will definitely try this now

Chum181 · 2023-10-08T06:06:14+00:00

750x leverage? Jesus Christ hahahaha

I played with 10x leverage on Kucoin and got rekt within a few minutes.

True degen. I salute you.

omenoflord · 2023-10-08T06:08:05+00:00

You can't tell me that there's not some type of lawsuit here. Also I've seen Bitcoin drop thousands of dollars in minutes.. how does pancakeswap even protect themselves? It seems really fishy.... I mean that's absolutely insane. I thought the leverage of Forex was high.

slvneutrino · 2023-10-08T06:19:32+00:00

This is a literal slot machine. People don't even need to leave their house anymore.

Lebon4u · 2023-10-08T08:41:12+00:00

REKT is overrated here with $20 bus😂

danni_darko · 2023-10-08T13:51:13+00:00

I am surprised that you did not get liquidated instantly right after executing your position because 750x is just an insane level of leverage that does not allow small price fluctuations.

daKiddo · 2023-10-08T15:44:07+00:00

Leverage is a secure way to get rekt during liquidations. Specially as volatility on crypto picks up. Be smart and stay safe out there. During a beer market the main focus is to survive

DannyHodler · 2023-10-08T19:38:00+00:00

Thank you for your explanation and experiment.Name degen mode is accurate it seems

Inaeipathy · 2023-10-09T13:25:27+00:00

So yeah, this thing is really dangerous and you could lose a LOT of money if you don't know what you're doing. Stay away!

You'll also lose a LOT of money if you do know what you're doing.

saswordd · 2023-10-07T14:42:14+00:00

That looks like an insanely fast way to lose money, I'm in!

Squezeplay · 2023-10-07T14:59:29+00:00

Try forex you can trade at 2000x leverage.

forceworks · 2023-10-07T14:48:12+00:00

Whoa, whoa 750x leverage is way too much. Anything over 350x isn’t safe.

Vegas_42 · 2023-10-07T15:51:16+00:00

My personal limit is $5,000 at 500x. Every nice $500 Bitcoin pump brings me one year closer to retirement.

Just in case you don't get it: /s

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