Meet the lucky Binance user who made $2 million in profit due to the recent drop
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Answer Meet the lucky Binance user who made $2 million in profit due to the recent drop
Two days ago, cryptocurrency prices collapsed, and some currencies lost more than 40% of their value.
But it seems that one of the lucky ones beat the crowd of losing investors and managed to win 2 million of Chainlink’s LINK coin.
This is after leaving $90 in the order book for Chainlink coin with a very small amount.
This user ordered 900,000 LINKs at $0.0001 per unit.
It seems that this the demand It was introduced on the first day the LINK trading pair was listed on Binance.
Just verified, the buy order was placed on 2019-01-16, the first day the LINK/USDT pair was added. We had no price range restrictions at that time. We do not cancel user requests.
Read:US Binance May Raise Several Hundred Millions In New Funding Rounds
– CZ Binance 🔶🔶🔶 (cz_binance) March 12, 2020
The situation is changing at the moment as Binance has updated the trading mechanism to no longer allow placing an order that is too low.
A Binance user left this $90 at the bottom of the LINK order book for over a year, and then just yesterday (LINK) prices crashed by more than 50%.
At some point during the frenzy of selling, someone started collecting what they had requested earlier and earned over $2M for only $90 invested.
Eventually, this lucky Binance user pulled out about $2M in pseudo-link coins.
The positive side that can be drawn from this incident is that even in difficult times for the market, significant gains can be made, of course with some and even a lot of luck.
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