$BTC #Bitcoin-BTC #ATENCION!!! don't make the same mistake đ
The Brazilian investor's mistake is nothing unusual in the market. In 2021, while Bitcoin was trading for $65,700, an investor sold his coins for just $8,000 on Binance US. It later turned out that the mistake was made by a trader at Alameda Research, founded by Sam Bankman-Fried.
While many investors are taking advantage of the huge rise in Bitcoin, which is currently priced at $51,500, a Brazilian is having a tough week after selling his BTC for just $282. The case occurred at the NovaDax brokerage last Friday afternoon (9).
The error would have been caused by the inattention of the investor, who did not realize that the BTC/USDT pair had little liquidity in the broker in question. Therefore, by selling 1.7 BTC, he ended up dropping the price of BTC from $47,528 to just $282.
Although it is not possible to say what percentage of this value was sold for $282, the day before a small volume of 0.1 BTC (25,800 reais, at the time of writing) caused the price of Bitcoin to fall to $100 in the books. by NovaDax.
Therefore, we can believe that the order was almost completely executed at the mentioned minimum price.
At which time the investor sells 1.7 BTC for $282. 1 minute candles. Source: NovaDax/Reproduction.
The sale caused BTC to fall to $282. The day before, another small sell order had already reduced BTC to $100. 1-hour candles. Source: NovaDax.
Brazilian investor leaves lost after selling his bitcoins for $282
The Brazilian investor's mistake is nothing unusual in the market. In 2021, while Bitcoin was trading for $65,700, an investor sold his coins for just $8,000 on Binance US. The mistake was later discovered to have been made by a trader at Alameda Research, founded by Sam Bankman.
FINAL ADVICE
Set purchase orders with low prices and thus be able to take advantage of an opportunity.
