How Much Money You Lost in BNB 💔
A Binance Square User Lost $180,000 in BNB and shared his story on square as I quote below
BNB's profit rolled back, causing me to lose over $180,000 in one day. My monthly salary is $8,000, so this loss is devastating. I held this position for several months; it had previously surged past $720, but now it's back to $620. My book profit loss amounts to $30,000, translating to $180,000. Earning only $8,000 a month, this world feels incredibly harsh. The rollback is deeply unsettling. Even though I was mentally prepared, I obsessively check the price 10 to 20 times a day, even disrupting my sleep. Once you buy, you should hold and avoid constant monitoring if it's not at the right position. My mindset needs strengthening. I still believe in Binance, the largest exchange and a key player akin to a stock market sponsor and regulatory body in the crypto world. A bull market would certainly benefit Binance users. In the coming years, Binance will maintain its unique status, with other exchanges unable to easily catch up. Currently, BNB's market cap is under $100 billion, but I believe it will grow rapidly. Invest in the leader without fear of high prices. Despite the emergence of new coins in the last bull market, Binance-listed coins have consistently proven to be of the highest quality. Unlisted coins struggle significantly. BNB holders are top-tier customers in the crypto space, complementing new coins. When Vitalik Buterin launched Ethereum, Zhao Changpeng saw its potential, and Ethereum could be surpassed by future evolving coins. Could this be why he launched BNB? Believe in the power of trends and belief. Fortunately, the funding fee was $2,500, and this position was opened at $4,000.
What You Guys Think Will BNB Price Recover Back to $700 ?
