I'm very happy, the mining event is back, and this time it's the M mine with the most meat. Actually, when I discovered that BNB could be mined, I started hoarding BNB. I remember it was the end of 2020, and the price of the coin was around 30 USD. I exchanged over 0.7 BTC for 500 BNB, which I would say is my most successful investment. Later, I simply exchanged my other coins, including a small amount of BTC, for BNB. I believe Binance is a great company, whether it’s in terms of profitability, organizational structure, innovation capability, or marketing strategies, Binance is the best exchange among centralized exchanges. I entered the crypto space in 2016 and have used no less than 50 exchanges and wallets both domestically and internationally, so I have quite a say in this matter. (btcc, Jubi, OK, Huobi, exx, Yunbi, coinbest, Matcha, GoodCoin, Bitpie, GlobalChain, P Network, Bitcoin Trading Network, Zhongbi... Anyone who knows these names is definitely an old-timer in the crypto space.) Last year, when CZ was doxxed by Americans for mining, Binance was investigated in the U.S., but no evidence of misappropriating user assets was found. Just this point alone should give users absolute peace of mind. After that, I exchanged my last few BTC for BNB. Everyone should know that in the U.S., many people buy quality stocks and hold them long-term, enjoying the rise in stock prices while also enjoying high dividends. I won’t even mention the example of Buffett buying Coca-Cola stock. The reasoning is simple; very few can actually do it. However, if you can truly do it, then your profits will definitely come faster, more, and more steadily than chasing ups and downs in the crypto space. Holding BNB long-term, the annualized return from mining will not be less than 20% of the principal (calculated at a cost of $600 for BNB). Please do not underestimate this 20%. Because now, for any kind of investment, achieving a stable annualized 20% is almost impossible. If your principal is small and you feel that such stable income does not meet your expectations, you can exchange all the income from each mining session into BNB and reinvest it in the next mining session. This is compound interest. Please do not underestimate the power of 20% compound interest over a year. Let me give you an example. In the following two scenarios, which one do you think can become the richest person in China: 1. You have 100,000 in principal, earn 100,000 every day from the day you are born, and live to 80 years old. 2. The same 100,000 principal, earn 20% compound interest every year from the year you were born, and live to 80 years old. In the first scenario, your wealth won't exceed 3 billion, while in the second scenario, your wealth exceeds 200 billion.
After saying so much, what I want to tell everyone is: Hold BNB long-term and enjoy the fun brought by Binance working for you.
