Binance’s Halloween event is honestly pretty ridiculous. All the tasks refresh every 24 hours, making the whole thing way too complicated.
If you’re using an account with no cashback and only using BNB to pay fees, you’re basically losing money. Here’s the math: an 800 USDT spot trade in CELO costs 0.6 USDT in fees, and a 1,000 USDT BTC trade costs 0.75 USDT; a 2,000 USDT CELO futures trade costs 1 USDT in fees. On TradFi, a 3,000 USDT limit order has no fees, but a market order costs 1.5 USDT.
Bottom line: without cashback, it’s really hard to break even. Unless you get incredibly lucky and win the 15th grand prize, you’re basically just working for the platform.
$CT trading volume, 3.3; fees lost: 2.16#ALPHA
What makes me angriest about this “Oracle” thing is that I stupidly trusted AI’s judgment before, got carried away and went all in—and ended up losing everything. Looking back now, all this “Oracle” stuff and all these predictions are complete nonsense. I’ve lost so much that I could kick myself. #BinanceOracle
If you’re using an account with no cashback and only using BNB to pay fees, you’re basically losing money. Here’s the math: an 800 USDT spot trade in CELO costs 0.6 USDT in fees, and a 1,000 USDT BTC trade costs 0.75 USDT; a 2,000 USDT CELO futures trade costs 1 USDT in fees. On TradFi, a 3,000 USDT limit order has no fees, but a market order costs 1.5 USDT.
Bottom line: without cashback, it’s really hard to break even. Unless you get incredibly lucky and win the 15th grand prize, you’re basically just working for the platform.
$CT trading volume, 3.3; fees lost: 2.16#ALPHA
What makes me angriest about this “Oracle” thing is that I stupidly trusted AI’s judgment before, got carried away and went all in—and ended up losing everything. Looking back now, all this “Oracle” stuff and all these predictions are complete nonsense. I’ve lost so much that I could kick myself. #BinanceOracle
