Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏
Cognitive biases are systemic errors in thinking that negatively impact decision-making quality and outcomes.
THREAD: 20 cognitive biases to learn (so you can think clearly and make better decisions):