BitHappy
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Sometimes, having fast hands is not necessarily a good thing～
When Buidlpad withdrawals first opened, you could only withdraw to Binance, and it was around 7:45 when you could withdraw to the chain.
Smart friends immediately thought: Binance won't open until 8 o'clock, by then the price would have already dropped, and you can’t wait for the exchange to sell under pressure.
So, someone in the community reminded: Don't mention the exchange, withdraw directly to the chain.
As a result, my hands were too fast, and I withdrew to the chain around 7:40, sold at 7:44, and the price at that time was about $0.43. Worse, I forgot that a certain X DEX has a fee, resulting in an additional loss of 0.68%.
Based on the later highest price on the chain, it was equivalent to missing out on a doubling, it really hurt!
🤔 Simple review:
0️⃣ The expected FDV of $FF is between 1B - 3B;
1️⃣ Some friends had slow withdrawal speeds, with low Gas settings, resulting in failed withdrawals due to subsequent Gas increases;
2️⃣ Some friends withdrew directly to Binance, resulting in being unable to sell;
3️⃣ There was a BUG in the Falcon official website withdrawals, and everyone thought scientists were collecting on the chain (but it was likely just a BUG, probably no one got it), so there was no selling pressure;
4️⃣ The delay in Binance spot listings may also be related to the inability to claim airdrops.
Overall: Low expectations led to excess returns, the psychology is unwilling to hold further, and multiple factors combined caused the actual selling pressure to be far lower than expected, making the situation exceed judgment.
So how to avoid this next time? If you notice that very few group friends can claim airdrops, then don’t rush to sell～
Of course, missing out on selling is always a gain. The current price has already dropped below my selling price, which also proves that my prediction was not wrong, right? (I can only comfort myself like this 😭)
Finally, I hope everyone finds a Korean wife; it seems the highest over there on Korean exchanges reached $1.4, while the highest on the chain only reached $0.9.
Note: The above is for information sharing only, not investment advice, please be sure to do your own research!
DeFi enthusiast: BitHappy
{future}(FFUSDT)
When Buidlpad withdrawals first opened, you could only withdraw to Binance, and it was around 7:45 when you could withdraw to the chain.
Smart friends immediately thought: Binance won't open until 8 o'clock, by then the price would have already dropped, and you can’t wait for the exchange to sell under pressure.
So, someone in the community reminded: Don't mention the exchange, withdraw directly to the chain.
As a result, my hands were too fast, and I withdrew to the chain around 7:40, sold at 7:44, and the price at that time was about $0.43. Worse, I forgot that a certain X DEX has a fee, resulting in an additional loss of 0.68%.
Based on the later highest price on the chain, it was equivalent to missing out on a doubling, it really hurt!
🤔 Simple review:
0️⃣ The expected FDV of $FF is between 1B - 3B;
1️⃣ Some friends had slow withdrawal speeds, with low Gas settings, resulting in failed withdrawals due to subsequent Gas increases;
2️⃣ Some friends withdrew directly to Binance, resulting in being unable to sell;
3️⃣ There was a BUG in the Falcon official website withdrawals, and everyone thought scientists were collecting on the chain (but it was likely just a BUG, probably no one got it), so there was no selling pressure;
4️⃣ The delay in Binance spot listings may also be related to the inability to claim airdrops.
Overall: Low expectations led to excess returns, the psychology is unwilling to hold further, and multiple factors combined caused the actual selling pressure to be far lower than expected, making the situation exceed judgment.
So how to avoid this next time? If you notice that very few group friends can claim airdrops, then don’t rush to sell～
Of course, missing out on selling is always a gain. The current price has already dropped below my selling price, which also proves that my prediction was not wrong, right? (I can only comfort myself like this 😭)
Finally, I hope everyone finds a Korean wife; it seems the highest over there on Korean exchanges reached $1.4, while the highest on the chain only reached $0.9.
Note: The above is for information sharing only, not investment advice, please be sure to do your own research!
DeFi enthusiast: BitHappy
{future}(FFUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.