How to put it, there are many thoughts;
When the crash happened, I immediately redeemed my investment, but the redemption took a long time to reflect in my account. That feeling, I definitely cursed BN right away;
The next day I reflected and told my friend that this market taught me a lesson. It was because I had a short position that led to the discrepancy between the closing price calculated by Binance and what I expected; so everyone must pay attention to position protection and manage their contract positions well; my total short position of 5000U definitely wouldn't lead to a liquidation; but at the first moment, I indeed executed the redemption operation, but Binance crashed, and I was in a clear state (not half-awake from being woken up by an alarm in the middle of the night), because I also redeemed investments with other competitors to cover the margin; only when BN crashed did I truly crash, with no response at all. You all know what it feels like when the software crashes. I was also completely devastated, feeling helpless;
That night I was focused on calling for everyone to buy #kgen, keeping my eyes on kgen and not looking at other cryptocurrencies, so I overlooked the expectation of a market crash. Kgen turned downward just after 5:10, and as my phone kept receiving various notifications from non-official accounts, my alertness made me quickly check the account situation, and the result... well, that was the result
At that moment I contacted customer service, saying that your investment platform has crashed. I also contacted customer service later, not really hoping for much; then I gradually saw that BN was going to compensate, and I jokingly told my brother that it wasn’t likely because of the anchor that I would be compensated;
Today I received the compensation. In summary, BN was indeed the main reason for this sharp drop and liquidation because this was a systemic crash; BN's scale is also quite large. I am grateful that BN did not abandon their responsibilities, and I appreciate that BN did not give up. They did their best to compensate their clients; for this, I 100% agree;
Finally, everyone should manage their positions well. If other competitors encounter issues, the likelihood of systemic problems may not be just this time. Everyone must take necessary precautions while sleeping and not be careless. This is the biggest lesson from this incident; anything can happen, and one must believe in the possibility of a near-zero chance;
Wishing everyone to make a lot of money, and wishing BN to do better and better;
In the end, I will still call out for the #kgen on the day of the crash once again;
When the crash happened, I immediately redeemed my investment, but the redemption took a long time to reflect in my account. That feeling, I definitely cursed BN right away;
The next day I reflected and told my friend that this market taught me a lesson. It was because I had a short position that led to the discrepancy between the closing price calculated by Binance and what I expected; so everyone must pay attention to position protection and manage their contract positions well; my total short position of 5000U definitely wouldn't lead to a liquidation; but at the first moment, I indeed executed the redemption operation, but Binance crashed, and I was in a clear state (not half-awake from being woken up by an alarm in the middle of the night), because I also redeemed investments with other competitors to cover the margin; only when BN crashed did I truly crash, with no response at all. You all know what it feels like when the software crashes. I was also completely devastated, feeling helpless;
That night I was focused on calling for everyone to buy #kgen, keeping my eyes on kgen and not looking at other cryptocurrencies, so I overlooked the expectation of a market crash. Kgen turned downward just after 5:10, and as my phone kept receiving various notifications from non-official accounts, my alertness made me quickly check the account situation, and the result... well, that was the result
At that moment I contacted customer service, saying that your investment platform has crashed. I also contacted customer service later, not really hoping for much; then I gradually saw that BN was going to compensate, and I jokingly told my brother that it wasn’t likely because of the anchor that I would be compensated;
Today I received the compensation. In summary, BN was indeed the main reason for this sharp drop and liquidation because this was a systemic crash; BN's scale is also quite large. I am grateful that BN did not abandon their responsibilities, and I appreciate that BN did not give up. They did their best to compensate their clients; for this, I 100% agree;
Finally, everyone should manage their positions well. If other competitors encounter issues, the likelihood of systemic problems may not be just this time. Everyone must take necessary precautions while sleeping and not be careless. This is the biggest lesson from this incident; anything can happen, and one must believe in the possibility of a near-zero chance;
Wishing everyone to make a lot of money, and wishing BN to do better and better;
In the end, I will still call out for the #kgen on the day of the crash once again;