Whether it is making 15 million dollars with 10bnb in half an hour, or the example of arbitrage during Luna's return to zero, you still have to understand DeFi. If you want to make money, you have to know what aBNBc stands for, in which agreements it can be used as collateral to borrow other assets, and where to sell it in the end. Some people can also know by looking at the code that some oracles cannot feed prices in time after a few decimal places. If a certain B falls below the decimal place of this oracle, the middleman can make a profit from the price difference~
Let's use this 10bnb exchange for 15 million dollars to talk about a classic example of human misjudgment psychology: deprivation superreaction tendency. If someone knows about the aBNBc additional issuance around 10 noon today but doesn't know the arbitrage process, and then learns from others that someone has made so much money through this additional issuance, then this person is likely to be in the deprivation superreaction tendency, and then easily loses his original rationality, ignores all the risks that could be seen, and buys various related Bs in order to get a piece of the pie, but this operation often brings losses.
-----Dividing line-----
The amount of happiness a person gets from $10 is not exactly equal to the amount of pain he suffers from losing $10. In other words, the harm caused by loss is much greater than the happiness brought by gain. In addition, if a person is about to get something he desires very much, but this thing flies away at the last moment, then his reaction will be like he has had this thing for a long time but it was suddenly taken away. A term that encompasses the natural reaction of human beings to these two kinds of loss experiences (loss of existing benefits and loss of upcoming benefits) is the deprivation superreaction tendency. ----- "Poor Charlie's Almanack"
