$BTC Less talk, more action: Experience the life-and-death moments in the cryptocurrency world frame by frame.
The fluctuations in the crypto market are truly a thousand times scarier than you can imagine—I'm not trying to scare you, I've seen it with my own eyes.
I didn't believe it before, until that scene on May 11, 2022, which still haunts me to this day...
That night, LUNA collapsed; some lost 1.2 million U in just three days, leaving only enough for breakfast.
At that time, LUNA's market value was still soaring.
You had 10,000 LUNA in your account, worth 1 million U the night before. You felt somewhat calm before sleeping:
"UST has only de-pegged by 10%, Do Kwon will definitely save it; worst case, we just ride it out."
But when you woke up, it was only worth 700,000. You felt a bit panicked, but thought to yourself, "A 30% drop is normal volatility."
You put down your phone and went back to sleep. When you woke up again, it was only 10,000 U.
It's not that you didn't set a stop-loss; it's just that you never imagined... it would go straight to zero.
You were skeptical, dumped everything you had to buy 200,000 U worth at the bottom, and bought another 20,000 LUNA, fantasizing that as long as it rebounds to 10 U, you'd make 10 times your money and come back to life!
You started to be afraid to sleep, staying up all night watching the market, watching the price drop from 1 dollar to 0.1, then to 0.01, and then to 0.000001...
Until the exchange delisted it directly.
In three days, 1.2 million U became just a joke.
You didn't die, but your heart really broke.
Don't think this kind of thing is far from you.
In the crypto world, these liquidation stories are played out every day.
What kind of market is this?
7×24 hours non-stop, no rest, no waiting;
No limit up or down, can fly up or crawl down at any time;
Leverage is rampant, easily 10x, 20x;
Emotions run high; when someone shouts "bad news," the entire market shakes;
Shitcoin projects tell a good story, even shells can triple in value;
The liquidation mechanism is open and transparent, whales can drop prices and directly cut your holdings;
Don't say that you're safe with just 5x leverage;
You haven't experienced a 20% drop in one day in crypto, dozens of times in a year, each time feeling like it's sucking your bones dry.
$ETH dropped from 4000 dollars to 800 dollars last round,
It's not that the project is bad, but the on-chain liquidation prices are clearly marked,
The operators know where the liquidations will happen, where to pick up the "corpses" cheaply.
So, stop fantasizing that "it won't drop further"!
And stop believing in things like "faith," "value," and "consensus."
The crypto world has never lacked opportunities. What it lacks is a calm mindset and firm execution.
