Many newcomers who just entered the market have never experienced a real bear market. After just a few days of decline, some people's mentality is already breaking down.
Looking back at May 2022 when LUNA collapsed: a mainstream coin that was ranked fourth in market value at the time, it dropped 90% on the first day and another 90% on the second day—you can imagine if SOL or BNB fell like that for two consecutive days. LUNA went from $120 to zero in less than a week.
The chain reaction triggered by the LUNA crash caused many altcoins in the crypto space to be halved within a week, with an average decline of over 50%. Compared to the current fluctuations, many people are already saying they can't take it anymore; so what if we really enter a major bear market?
Blindly going solo will never bring opportunities. Follow me for insights on tenfold potential coins! Top-tier resources!
