BNB And The Day For Me To Lose

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Another day, another adventure day in CUB DeFi for me. Last week I had two posts in which I shared my experience about exiting one pool and joining another and how lucky I was making some decision. Today I'm going to share another story about what I did today and how I lost.

I've been planning to add more liquidity to some pools but needed some funds and had to decide where to get them from. As I said earlier, I won't sacrifice my HIVE at this conversion rate as it would be stupid, so the best solution was to use fiat. We're having a bull market, any token can go crazy anytime, so why sacrifice a stake and regret it later.

I needed BNB so, I've been watching BNB all day and if I'd have to use one word to characterize today's evolution, I'd say CRAZY. There's no better word to describe the evolution of the token.

The golden rule in crypto, especially in trading is ....

Don't Trade On Emotions!

Here comes the part where I say 'do as I say not as I do' because today I did exactly the opposite of don't trade on emotions. I broke the rule and paid the price. Lucky me, the amount I lost (theoretically) is around $10, so it's not a fortune, but I can't minimize what's happened. I need to learn from my mistake and make sure it never happens again. This was a small amount and $10 will not make me starve but next time I may not be so lucky and may lose more.

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BNB, New ATH

So what's happened is BNB went crazy again, reaching a new ATH at $638. I am repeating myself but what BNB does is absolutely crazy. 4 days ago it was at $400, today it was traded at $638. Shortly after it dropped back to around $550 and now it's oscillating $570 and $579.

Why?

There's an upcoming BNB token burning in a few days.

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This is one of the reasons. The other is the increasing total locked value on CUB DeFi is increasing day by day.

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At the moment of writing, TVL is at $19,484,590.87 and fluctuating, but a couple of hours ago has reached $20 million and I'm sure the next couple of days it's going to rise above $20 million.

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Obviously not every farm is based on BNB but two of the first three, offering the highest APR are and the total value locked in these two farms men 25% of the total value.

People are HODLing BNB as it has a huge potential. BSC-based DeFi projects are also growing, so BNB is definitely trending these days.

So my prediction is BNB is going to continue to climb in the upcoming days.

As about my adventure, I hope to never repeat it again. We all make mistakes and this was the tuition fee for me, I'd say a very small price to pay.


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11 comments
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Worst thing I bough juld with bnb on julswap, that was a few days ago. Juld is sleeping around 0.18 usd, bnb already has 65% high in 7 days. Never swap bnb to get other coins unless it's necessary🥱

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I never expected you to get to this
But what I noticed through the rise in BNB is that it maintains the level it reaches at a certain range, not a temporary pump, and descends quickly with a long red candle.

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I couldn't care less about what you expected. You are continuing your comment spam journey as usual.

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I think for a lot of us, "we learn as we go."

I have long since determined not to get involved in chasing the next rumor and the next "moon run" somewhere. I kinda just try to stick with my strategy... which is almost exclusively geared towards long term gains.

Glad you only lost $10, though!

=^..^=

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It wasn't a big loss, the purpose of my post wasn't to make awareness and ask people to be more careful.

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