Can the ups and downs of the cryptocurrency circle really scare people to death?
I tell you, it really can. It's not an exaggeration, it's not a joke, it's a bloody reality!
Remember the LUNA wave?
You have 10,000 LUNA in your account, and the market value was 1 million U last night.
When you wake up from sleep, it becomes 700,000. You are a little panicked, but not afraid.
You think: "It's just a 30% retracement, and UST is only 10% off the anchor."
So you put down your phone and continue to sleep peacefully.
As a result, you wake up again-only 10,000 U is left!
You stare with wide eyes, not believing this is true.
Do you think it's the bottom after a 99% drop?
No, there is hell under the floor!
You grit your teeth and sell everything you have, and rush into 200,000 U to buy the bottom, and buy 200,000 LUNA, thinking: "As long as it rebounds to 10U, you can make ten times the money, and turning over is not a dream!"
From then on, you dare not sleep, staring at the market until the early morning, your mind is full of "doubling",
watching the price drop from 1 dollar to 0.1, 0.01, 0.000001...
Until the exchange directly removed it! Shelf!
In three days, 1.2 million U became the money for a breakfast.
People are alive, but their hearts are dead.
Don't think this is an exception. This kind of story is played out in the currency circle every day.
What kind of market is this?
24/7, day and night
No price limits, ceilings and floors disappear at any time
Low threshold, strong emotions, a news explosion can take away hundreds of thousands of people
Leverage is rampant, 10x, 20x at any time
Altcoins don’t even have fundamentals, all rely on mouth cannons and storytelling
High leverage + high volatility + high emotions, put together
There is only one night between getting rich and blowing up!
You think you are very stable, "I only opened 5x leverage, the risk is controllable"?
But you haven't seen the operation of the currency circle falling 20% a day, dozens of times a year, every time it is scraped.
ETH fell from $4,000 to $800 in the last bear market
It’s not that the project is not good, but the on-chain liquidation price has been marked
A whale can blow tens of thousands of people into "corpses" with one kick, and then pick up your bottom position at a low price.
Don’t fantasize about "it won’t fall again"!
Don’t be superstitious about “belief”, “value”, and “consensus”
In the cryptocurrency circle, the real masters
are not those who watch the market every day to guess the rise and fall
but those who can live long, hold on, and know how to stop at the right time!
