đŽ Concerning News: Why Isnât My Investment Growing?
A woman recently asked why her $28 in Binance wasnât increasing. Drawn to #Bitcoin, she mistakenly thought USDT, a stablecoin, would behave similarly. Hereâs what you need to know:
đč Stablecoins like USDT are designed to maintain a steady value. Donât expect growth from them!
đč Altcoins serve as alternatives to Bitcoin and are highly volatileâprices can swing dramatically.
đč Bitcoin itself is unpredictable, capable of substantial gains and losses.
đč Meme coins and NFTs also experience intense price fluctuations.
If your funds are in USDT, they won't appreciate unless you're in a specific program offering minimal rewards. Remember, stablecoins hold their value, while other cryptocurrencies can rise or fall significantly.
đ€ Why did I lose money?
If you had $28 in Binance USDT but only see $20 in your bank account, itâs due to transaction fees, which can range from 0.1% to 10% depending on the platform and currency. This means the amount you receive when converting to fiat is always slightly less than your original amount.
These fees are standard in crypto exchanges. Donât be alarmedâlosing a small portion of your funds during conversion is normal and doesnât indicate wrongdoing.
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