顶级交易员阿真
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Does the rise and fall in the cryptocurrency world really scare people to death?
Don't ask if it will or not. Just ask, have you experienced it?
This is not an exaggeration, but a real tragedy witnessed and experienced firsthand.
Let's talk about the most classic example — the night of the LUNA crash.
You thought it was a "pullback," but it was actually "going to zero."
You had 10,000 LUNA, worth 1 million U yesterday, and before bed, you saw the price drop by 30%, leaving only 700,000.
You comforted yourself: "It's just a minor pullback; UST has only de-pegged by 10%, I trust Do Kwon!"
So, you went to sleep peacefully. The next morning, you woke up to find only 10,000 U left in your account. You were shocked: "Dropped by 99%? It should be at the bottom now, right?" You began to fantasize: "If I buy at the bottom and it rises back to 10U, that's ten times, I can turn things around!"
You sold everything and put in another 200,000 U, buying 200,000 LUNA. You didn't dare to sleep again, staying up all night watching the market, only to see the price drop from 1 → 0.1 → 0.0001 → 0.000001... and finally, it was delisted by all major exchanges. 1.2 million in assets evaporated in three days, leaving you with only enough for a breakfast. You, utterly shattered.
The cryptocurrency world and traditional markets are not even on the same dimension.
Many newcomers don't understand why it's said that the cryptocurrency world "scares people to death"?
Please take a look at these points:
24/7 operation: No pause button, miss one sleep, miss a lifetime.
No price limits: Unlike A-shares, which are limited to a maximum of 10%, here, a halving in one day is common.
Extremely low entry threshold: Anyone can jump in; just install an app on your phone and you're on the battlefield.
Leverage is rampant: 10x, 20x easily, and liquidation can happen with just a few candles.
Altcoins have no bottom line: They can rise hundreds of times overnight, but drop to zero without recovering.
The scariest part is that these things often happen together: a project crashes, taking away the hard-earned money of tens of thousands of people. Leverage accelerates, leading to a chain of liquidations, and there’s no way to save it.
So I only remind you:
If you can avoid leverage, don't use it; if you can avoid altcoins, don't engage.
You might think that a five times leverage is already stable,
But in the cryptocurrency world, daily fluctuations of 20% or 30% happen over a dozen times a year!
It's not that you're going in the wrong direction; it's that you won't even survive to see the moment of turnaround.
In the cryptocurrency world, it's not about whether you can predict accurately, but whether you survive until dawn.
Only by surviving can you qualify to talk about "bull markets eating meat."
Be cautious of every decision, especially the one before you sleep.
For friends feeling lost in trading, wanting to break even, or hoping to double their money, stay close to the chain master and plan ahead.
Don't ask if it will or not. Just ask, have you experienced it?
This is not an exaggeration, but a real tragedy witnessed and experienced firsthand.
Let's talk about the most classic example — the night of the LUNA crash.
You thought it was a "pullback," but it was actually "going to zero."
You had 10,000 LUNA, worth 1 million U yesterday, and before bed, you saw the price drop by 30%, leaving only 700,000.
You comforted yourself: "It's just a minor pullback; UST has only de-pegged by 10%, I trust Do Kwon!"
So, you went to sleep peacefully. The next morning, you woke up to find only 10,000 U left in your account. You were shocked: "Dropped by 99%? It should be at the bottom now, right?" You began to fantasize: "If I buy at the bottom and it rises back to 10U, that's ten times, I can turn things around!"
You sold everything and put in another 200,000 U, buying 200,000 LUNA. You didn't dare to sleep again, staying up all night watching the market, only to see the price drop from 1 → 0.1 → 0.0001 → 0.000001... and finally, it was delisted by all major exchanges. 1.2 million in assets evaporated in three days, leaving you with only enough for a breakfast. You, utterly shattered.
The cryptocurrency world and traditional markets are not even on the same dimension.
Many newcomers don't understand why it's said that the cryptocurrency world "scares people to death"?
Please take a look at these points:
24/7 operation: No pause button, miss one sleep, miss a lifetime.
No price limits: Unlike A-shares, which are limited to a maximum of 10%, here, a halving in one day is common.
Extremely low entry threshold: Anyone can jump in; just install an app on your phone and you're on the battlefield.
Leverage is rampant: 10x, 20x easily, and liquidation can happen with just a few candles.
Altcoins have no bottom line: They can rise hundreds of times overnight, but drop to zero without recovering.
The scariest part is that these things often happen together: a project crashes, taking away the hard-earned money of tens of thousands of people. Leverage accelerates, leading to a chain of liquidations, and there’s no way to save it.
So I only remind you:
If you can avoid leverage, don't use it; if you can avoid altcoins, don't engage.
You might think that a five times leverage is already stable,
But in the cryptocurrency world, daily fluctuations of 20% or 30% happen over a dozen times a year!
It's not that you're going in the wrong direction; it's that you won't even survive to see the moment of turnaround.
In the cryptocurrency world, it's not about whether you can predict accurately, but whether you survive until dawn.
Only by surviving can you qualify to talk about "bull markets eating meat."
Be cautious of every decision, especially the one before you sleep.
For friends feeling lost in trading, wanting to break even, or hoping to double their money, stay close to the chain master and plan ahead.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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