Veteran in the crypto space angrily criticizes: Have you ever seen a 50%+ drop during the LUNA crash week? What gives you the right to say you understand a bear market?
As a crypto blogger, Jin Lian, I have to say something practical:
Recently, this wave of decline has scared many new retail investors, but you really haven't seen the world. The LUNA crash in May 2022 was truly devastating—at that time, it was the fourth-ranked cryptocurrency by market capitalization, plummeting 90% on the first day, and then another 90% on the second day, equivalent to mainstream coins like SOL or BNB halving twice in a row over two days. The price went from $120 to zero in less than a week.
This wave of earthquake directly caused the collapse of the entire crypto space, with average declines for altcoins exceeding 50%, and many projects went to zero. What does this current market situation even mean? Some new investors cry out after just a few days of losses; if it really comes to a prolonged bear market, what will you use to endure? Remember, in the crypto market, those who haven't experienced a zeroing wave can't be considered to have gone through a bear market.
Opportunities are fleeting, a correction is imminent, buy the dip and layout your positions, altcoins with huge profits are waiting for you! Doubling your investment is not a dream; click on my profile and follow Jin Lian for a grand feast in the bull market!
