"I took a huge hit in my life".. This is how one user began their painful story on social media, where they lost a significant part of their portfolio due to the volatility of a coin that has not yet launched its mainnet, which is Pi Network (or a coin associated with it that was unofficially listed as IOU like the OM coin mentioned in the attached image).
The user transferred a large amount when the price of the coin (IOU) was relatively high, but the price later collapsed, resulting in a significant loss. This story reminds us of the dark and painful side of crypto market volatility, especially with projects that are not yet complete or unofficially listed coins that rely on pure speculation.
This is a call for everyone to exercise utmost caution, not to be swept away by shiny promises, and to conduct thorough research before investing any amount. Loss is part of the game, but learning from it is the most important. Have you had a similar experience? Share your story for the benefit of all. 👇
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