Vcl is so similar to me, I also went for more than 3t 🤧
Demon - Trader
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Bullish
From a Profit of 5 Billion to a Debt of 2 Billion in Just 4 Months (p1) It's too long, so I divided it into 2 parts
Let me tell you the story of my friend. I'll start from the beginning for you. He also entered the market in 2021 like me. Back then, he entered right at the peak of the BTC cycle at 69k, so he lost a lot, around 100 million. Then from 2022 to 2023, he accumulated and bought coins, holding losses and continuously DCA-ing. This period was very stressful, those of you who have been through it will know, during the downtrend, FUD was everywhere, starting from the LUNA collapse, then the FTX collapse. But he still diligently DCA-ed. Then the results came, at the end of 2023 when altcoins had strong waves, at least x5, many coins had x10-20 times. My friend was also lucky to get more than x10. So from 20k $ to over 200k $. Normally, with such profits, you would cash out, right? But no, greed was still very strong because he still believed in the 4-year uptrend cycle, believed that 2024-2025 would explode (at this time, many KOLs said that 2025 would be the most explosive uptrend season, so he believed it) and he continued to hold. By around April 2024, altcoins started to collapse, the coins he was holding were the same. At first, only 10-20%, so he thought it was just a correction. Then when his account divided 2, then 3 times, he still thought it was just a deep correction and would rise again. At this point, he just got married, guys. He and his wife had a sum of wedding gold, he discussed with his wife and sold all the gold to buy coins (gold at this time just hit 5x). He kept buying and DCA-ing continuously. But the coins kept dropping, altcoins were continuously searching for the bottom.
It started when BTC reached ATH, at this point everyone was shouting uptrend, he was too. BTC continuously hit ATH while altcoins kept searching for the bottom. With the obsession of uptrend, he decided to mortgage his house and car to buy coins (the house was money borrowed from grandparents to buy after the wedding)
Age 30 with foolishness, with valuable lessons. Several days have passed but still in a floating state. Looking at the dancing numbers, haunting #conhungngaybuondenthe
Binance has just announced that it will use 400M to compensate everyone for the recent historical liquidation event, a strong liquidation that happens once in 10 years. I have been liquidated with a loss of ~16500 dollars, so how much will I approximately receive back? The announcement from Binance has been summarized Binance will distribute a total of 300 million USDC, with each person receiving between 4,000 to 6,000 USDC, for those who suffered losses due to forced liquidation in Futures and Margin trading from 00:00 on 10/10/2025 to 23:59 on 11/10/2025 (UTC).
Eligibility criteria: • Forced liquidation during the above period. • Loss ≥ 50 USDT. • Loss ratio ≥ 30% of total assets (calculated based on the snapshot at 23:59 on 09/10/2025). • Have not received any other compensation.
The amount of USDC received will be based on: • The amount of loss, • The loss ratio, • And some other factors.
I may have met the eligibility criteria: Forced liquidation occurred on 10–11/10 Yes ✅ Loss ≥ 50 USDT 16,500 USDT ✅ Loss ratio ≥ 30 % Nearly 100 % ✅ No prior compensation received ✅
🔥 Binance allocates 400m$ for the "Together Initiative" to address the aftermath and plans to rebuild trust for users.
Brief content: The market is volatile, and users have suffered losses. Binance aims to support users, restore the industry, and most importantly, rebuild trust. For Binance, users are always a priority!
400m$ is allocated as follows:
1. Individual Support (300 million USD USDC): · Target group: Users who incurred losses due to forced liquidation in futures trading and margin trading on October 10-11, 2025. · Conditions: 1. Loss of at least 50 USD. 2. Losses account for at least 30% of total net assets. · Support amount: From 4,000 - 6,000 USD/person, depending on the extent of the loss.
2. Institutional Support (100 million USD): · Target group: VIP users and organizations in the affected ecosystem. · Form: Establishing a low-interest loan fund to help them stabilize liquidity and restart trading.
Note provided by Binance: Binance emphasizes that legally, they are not responsible for users' losses. This action mainly stems from the commitment to rebuild trust and for the long-term benefit of the industry.
· They reiterate the volatility and inherent risks of the cryptocurrency market, urging investors to act reasonably.
Invite everyone to read….and give feedback :))) On that day, the trader was hit by a stop-loss but was not swept away, so they are not eligible for compensation. What about everyone else…
I just saw a video in the community. The Binance exchange is very unprofessional. They do not allow purchases when the price drops like other exchanges. Please advise me on which exchange is reputable for trading. $BNB $ETH $XRP #Binance #bnb #eth
My friend lost 150k in that incident. The Alpha wallet account has a balance of 23k that is negative and blocked. Luckily, it has been restored. Let's forget about the harsh Magin futu. $BNB