Does the rise and fall of the crypto market really scare people to death?

Don't ask if it will. Just ask, have you experienced it?

This is not an exaggeration, but a real tragedy witnessed and personally experienced.

Let's talk about the most classic one—the night of the LUNA crash.

You thought it was a "correction", but it was actually "going to zero".

You had 10,000 LUNA, worth 1 million U yesterday, but before bed you saw the price drop by 30%, leaving only 700,000.

You comforted yourself: "It's just a small correction, UST has only depegged by 10%,

I trust Do Kwon!"

So, you went to sleep peacefully. The next morning you woke up, and your account only had 10,000 U left. You were shocked: "Dropped by 99%? It should be at the bottom now, right?" You began to fantasize: "If I buy the dip and it goes back to 10 U, that's ten times, I can turn things around!"

You sold everything you had and invested another 200,000 U, buying 200,000 LUNA.

You were too afraid to sleep, staring at the market all night, and you watched helplessly as the price fell from 1 → 0.1 → 0.0001 → 0.000001.... In the end, it was delisted by major exchanges. 1.2 million in assets evaporated in three days,

leaving only enough for a breakfast. You completely collapsed.

The crypto market and traditional markets

are not even in the same dimension.

Many newcomers don't understand, why is it said that the crypto market's "rise and fall scares people to death"?

Please consider these points:

24/7 without rest: There's no pause button; miss one sleep, and you miss a lifetime.

No price limits: Unlike A-shares which have a maximum drop of 10%, here a halving in a day is common.

Extremely low entry barrier: Anyone can jump in; just install an app and you’re in the battlefield.

Leverage is rampant: Suddenly 10x or 20x; liquidation can happen with just a few candlesticks.

Altcoins have no bottom line: They can rise a hundred times overnight, and crash to zero, leaving you with nothing.

The scariest part is that these things often happen together: a project crashes,

sweeping away the hard-earned money of tens of thousands. Leverage accelerates, leading to chain liquidations,

with no way to save yourself.

So I’ll just remind you:

If you can avoid leverage, don’t use it; if you can avoid altcoins, don’t invest in them.

You might think you’re stable with 5x leverage,

but in the crypto market, 20% or 30% fluctuations happen dozens of times every year!

It’s not that you’re heading in the wrong direction; it’s that you might not survive to see the moment of recovery.

In the crypto market, it’s not that you can’t judge the situation; it’s that you might die before dawn.

Survive, and you’ll have the right to talk about "bull markets reaping rewards."

Be cautious with every decision, especially the one before you sleep.

For those confused about trading, those wanting to break even, those wanting to double their investment,

follow the moves of the market closely!