Will the ups and downs of the crypto world really scare people to death?

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

This is not an exaggeration, but a real bloodbath that I have seen and experienced firsthand.

Let's talk about the most classic night—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 sleeping

you saw the price drop by 30%, down to 700,000.

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

I believe in Do Kwon!" So you went to sleep peacefully. The next morning you woke up and your account had only 10,000 U left. You were shocked: "A 99% drop? It should be at the bottom now?" You started to fantasize: "If I buy in at the bottom and it rises back to 10 U, that's ten times, I can make a comeback!"

You sold everything you had and stuffed in 200,000 U to buy 200,000 LUNA. You didn't dare to sleep anymore, staying up all night watching the price, only to see it drop from 1 → 0.1 → 0.0001 → 0.000001.... In the end, it was delisted from major exchanges. 1.2 million in assets evaporated in three days,

leaving only enough for a breakfast. You were completely broken.

The crypto world and traditional markets

are not even in the same dimension.

Many newcomers don't understand why it's said that the crypto world is "scary with its ups and downs."

Please take a look at these points:

7x24 hours without rest: There is no pause button; missing one sleep can cost you a lifetime.

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

Extremely low entry barriers: Anyone can jump in, just install an app and go to battle.

Leverage is rampant: Going for 10x or 20x is common, and a liquidation can happen with just a few candles.

Altcoins have no bottom line: They can surge a hundred times overnight, or drop to zero, losing everything.

The scariest thing is that these events often happen together: a project crashes suddenly, taking away the hard-earned money of tens of thousands of people. Leverage accelerates, leading to a chain of liquidations, with no chance of rescue.

So I just want to remind you:

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

You might think that five times leverage is already very stable,

but in the crypto world, a 20% or 30% fluctuation happens almost every day!

It's not that you're going the wrong way; it's that you won't live to see the moment of a comeback.

In the crypto world, it's not that you're bad at predicting; it's that you're afraid of dying before dawn.

Surviving gives you the right to talk about "bull markets eating meat."

Be cautious with every decision, especially that last trade before sleep.

For friends confused about trading, for those wanting to break even, for those wanting to double their money,

stay close to Brother Qiang and plan ahead.