【Lessons from the 2017 Bull Market: A Cautionary Tale】🚨🚨🚨🚨🚨🚨🚨
Remember the craze in 2017? A newly issued coin, starting from a mere 50 cents, soared to an astonishing 10,000 cents! 🚀 The crazy fluctuation from 5,000 to 10,000 in a few seconds taught me a lesson that I will never forget. I left the market decisively, and a few hours later, the price plummeted back to 50 cents - this dramatic rise and fall left many people dumbfounded. 😲
Some people even borrowed millions of yuan to buy at the peak of the price, but lost everything in a few hours. 💸 The tragedy escalated further, and angry investors protested, forcing the platform to compensate for the losses. Unfortunately, one investor could not withstand the blow. 😢
This coin starting with "W" has experienced drastic price fluctuations due to the project side injecting ten times the amount of funds issued. 📉 This not only brought about a real tragedy, but also triggered a compensation incident for the platform.
Therefore, when facing the issuance of new coins, be sure to be cautious! ⚠️ Before investing, it is crucial to have a deep understanding of the background of the project and the coin. 📚
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