Yesterday we looked at product #BinanceEarn using the example of “double investments” $BTC for a 7-day term in the “sell for more” mode, where I explained the risks of such investments in different scenarios 📈 📉
Today I want to tell you about such investments in the opposite direction — “buy cheaper”. For example, I have 79,000 USDT and I subscribe them to the “double investments” product for a 7-day term in the “buy cheaper” mode at a Bitcoin price of
$79,000, since the market price right now is $80,000. What happens next❓❓❓🤔🧐
Scenario 1️⃣
The price of Bitcoin drops to $78,000 at the end of the 7-day term. In this case, they will calculate my % APR and the system will buy me BTC for $79,000. So what does that mean? I lose
1,000 USDT because the current price is $78,000, but I won’t be able to buy at that price since the condition is exactly at $79,000. And also, even if during the 7 days the price drops to $78,000 and below, I still won’t be able to buy #BTC , because my USDT are locked for this term ☹️❌
Scenario 2️⃣
The price of Bitcoin rises above $80,000 at the end of the 7-day term. In this case, the system will calculate my % APR, but the order will not be executed ☹️❌ and I will get my 79,000 USDT back. Such risks should be taken into account☝️
Today I want to tell you about such investments in the opposite direction — “buy cheaper”. For example, I have 79,000 USDT and I subscribe them to the “double investments” product for a 7-day term in the “buy cheaper” mode at a Bitcoin price of
$79,000, since the market price right now is $80,000. What happens next❓❓❓🤔🧐
Scenario 1️⃣
The price of Bitcoin drops to $78,000 at the end of the 7-day term. In this case, they will calculate my % APR and the system will buy me BTC for $79,000. So what does that mean? I lose
1,000 USDT because the current price is $78,000, but I won’t be able to buy at that price since the condition is exactly at $79,000. And also, even if during the 7 days the price drops to $78,000 and below, I still won’t be able to buy #BTC , because my USDT are locked for this term ☹️❌
Scenario 2️⃣
The price of Bitcoin rises above $80,000 at the end of the 7-day term. In this case, the system will calculate my % APR, but the order will not be executed ☹️❌ and I will get my 79,000 USDT back. Such risks should be taken into account☝️
