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How binance is going to f*ck me and make me take a 2300€ loss.

Binance

Cryptocoins Exchanges / Binance 197 Views

So pretty much yesterday 6 december 2021 i got a notification on binance that they will discontinue the trading of several up coins such as sushiup on 14 december 2021. Thats right i get a stupid 8 day notification to basically f*ck myself.

After i got stupidly greedy and lost around 1500€ in futures trading i promised myself not to touch the futures tab again in my life.

I got interested in leveraged coins as they at least could not be liquidated and i could just hodl them in bad times. So I bought 1200$ sushiup a couple of months ago for about 0.15$ a coin. Later to throw down the average i bought 1800$ more at 0.058$ a coin. My plan was to sell once it was around 0.10 again to make a but of profit for once.

In total i am in balls-deep (for me thats a lot of money and yes i know don’t invest what you can’t lose) at 3000$ and the coin hasn’t been over 0.06$ till today. Last 2 weeks it has been drastically down at 0.005$ and now binance is stopping the trade of this coin basically forcing me to take the loss.

How is this even legal? Anybody else has been in a situation like this? It sucks that only binance is trading these leveraged coins if not i could’ve just transfer it to another wallet.
Only hope i got is that sushi itself will bounce up and drag the sushiup coin with him so i can at least balance it out a bit.

Thats was just a bit of my not so successful crypto story. I guess i was stupid enough to get into the leveraged coin but I definitely did not see this coming.

submitted by /u/DucoF
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