I don't know if everyone feels this way, but having lost everything and with no money left, I saw a coin I was closely watching drop from a high of 1 million to 200,000. The community was still very active, and I judged it to be a golden dog, quickly borrowing money to invest. I sent messages to three friends about borrowing money, anxiously waiting for over an hour (PS: the way you borrow money really feels very humble), and only one friend replied: 'Okay.' At this point, the golden dog rebounded to 400,000.
After receiving the money, I opened the exchange to deposit. The seller asked me to provide a bunch of proof of funding sources. I dutifully complied like a grandson. Suddenly, the seller said, 'Sorry, we don't accept funds from that day.' You gritted your teeth and decided to find a merchant that didn't require verification of funds. Although the price was a bit high, your inner confidence made you feel that you would earn it back. However, that 'no verification' merchant still asked for proof of funds, just with a more lenient review, allowing you to send the money to the account. The whole process felt like it took 10 minutes, but it felt like 10 years. During the payment process, the golden dog rebounded to 600,000; after sending the money, you hurriedly pressed the 'Paid' button and sent a screenshot of the payment to the chat, hoping the seller would confirm the payment within 10 seconds. However, the seller leisurely waited for 5 minutes before confirming, and during this process, the golden dog rebounded to 800,000; finally, you received USDT, hastily traded it for ETH, and withdrew! At this point, the golden dog had pulled back to 700,000, and the coins had just reached the blockchain, making you very happy.
Just as you felt the urge to pee, you thought about buying again when it dipped to 500,000, feeling good about it. When you returned to your computer after a short while, the K-line shot up with a large green bar; it turned out a KOL had made a call, and the whole group was flooded with rockets and green bars. At this point, the market cap was 900,000. You thought group mates were FOMOing, and you felt that entering now would surely lead to gains, so you continued to wait. But the K-line kept climbing, soon reaching 1 million. Unable to wait for a decent pullback, it hit a previous high. A small red bar appeared at the previous high, hitting 950,000, but was quickly consumed. In the blink of an eye, group mates were celebrating 1.05 million, ATH... You thought it had broken a new high, with no selling pressure, and it was time to go all in, so you left 0.02e for gas and bet everything else. Setting a slippage of 5 for the tax-free coin, you were surprised that you didn't buy in the first attempt. Watching the market cap rise, you adjusted the slippage to 10 for higher gas and finally got the purchase when the market cap was 1.3 million. You breathed a sigh of relief, watching the K-line reach 1.4 million and noticing the increasingly positive community atmosphere. You thought about how to spend the money when the market cap hit 30 million. Soon, the K-line dropped from 1.4 million back to your cost price of 1.3 million. You thought, 'A pullback is healthy. I want to be a diamond hand.' Group mates were shouting remarks like 'Jeets will get rekt / Jeets NGMI,' which made you even more confident in your judgment. At this point, you felt a bit tired; although your heart was slightly uneasy, you thought, 'Since I've come this far, I might as well relax and see what happens after I wake up.'
Two hours passed, and you suddenly woke up, looked at the K-line, and it had dropped to 700,000. What pains you is that during your sleep, the K-line touched 2 million. You calculated that at the highest point, you could earn about 50%, but now you're nearly losing half; looking at the group, friends are comforting and encouraging each other. You held off selling at a loss, thinking about building. You posted the contract in every group, soft cx, but group members either ignored it, said they had already made a profit and felt good, or said that the dev was dumping and only fools would buy. Holding onto your coins, you felt lost, with no money left to average down. Watching the price keep dropping, you thought about selling at a loss. Just when you were determined to sell at 500,000, a large order came in, followed by two, three... in total, about ten green orders appeared, pulling the market cap from 500,000 to 800,000, and the group cheered again; at this point, you no longer wanted to sell at a loss, imagining this coin as the next PEPE, thinking that PEPE had also washed out people in the initial days, so you continued to hold. Unfortunately, a large red order came in, followed by seven or eight red orders. Upon closer inspection, they were all part of a wave, and the previous buy orders likely followed a smart wallet. Once the smart wallet left, they also exited... suddenly crashing back to 600,000. You considered selling again, but the positive attitude of your group mates made you feel that selling now was very jeet and very foolish.
Finally, you went out for dinner. During dinner, your sixth sense urged you to check your phone. Upon looking, the 15-minute K-line showed a -50% drop, with the market cap at 300,000. The group was flooded with buy orders, but the market cap kept declining. Upon closer inspection, the administrator had set up three order bots, each reporting three times. Ah! Damn it, you finally cursed in your heart. You, who were always optimistic, directly asked in the group, 'What's up?' You didn't dare to say 'Dev sold?' or 'Rug?' because you still held onto your coins and had to keep an eye on the latest developments in the group, not wanting to be kicked out. So, humbly, you could only softly ask, 'What's up?' Then someone replied, 'Nothing, jeets gone we're mooning,' or a group mate laughed at you. Just like that, you watched the K-line drop to 200,000, a level where many had initially bottomed out. You thought there would be a rebound, but this level held for just over ten minutes before breaking below, sliding down to 100,000. Fewer and fewer people were speaking in the group, with only a few scattered individuals sending memes. It was at this moment you realized that the so-called good atmosphere crumbled in the face of financial interests. Hours passed, and it dropped to 50,000.
Suddenly the group was muted, and an administrator who rarely spoke pinned a message saying to relaunch V2, asking everyone to send coins to a single address. You were skeptical and checked the blockchain; many were sending him coins. Meanwhile, many people felt discouraged by the muted group and the chaotic relaunch, losing faith in the project and selling off their holdings, bringing the market cap down to 30,000. You looked at the coins you held, which had already dropped by 40 times, and the 20,000 yuan you borrowed was left with only 500 yuan. Your heart was already dead. So, treating a dead horse as a live one, you sent half of your coins over and sold the other half at the current price of 250 yuan, about 0.02e; more than an hour later, the group owner lifted the mute, deleted the original relaunch message, and explained that there was a bad administrator who scammed everyone while you were sleeping, telling everyone not to send coins!!!! The group exploded; you felt the group owner and that administrator were putting on a show, but it didn't matter anymore. You chuckled and left the group.