The price fluctuations in the cryptocurrency circle can indeed be very drastic, which is a huge psychological test for investors.

A friend invested in a coin called CDC Consumer Chain. At that time, each coin was worth 0.4 yuan, and he invested 40,000 yuan. Then, as the price fell:

When the price of the coin fell to 0.3 yuan, he decided to increase his position again.

When the price of the coin fell to 0.2 yuan, he made another large increase in his position.

When the price of the coin fell to 0.1 yuan, he increased his position again, hoping to average the cost.

When the price of the coin fell to 0.05 yuan, he bought a large number of coins again.

When the price of the coin fell to 0.0005 yuan, he continued to increase his position.

Finally, when the price of the coin fell to 0.000005 yuan, he increased his position again significantly.

Now, he has become the largest dealer of the coin, even though the team of the coin has long run away.

This story reflects the behavior of investors under extreme market conditions, especially in the extremely volatile cryptocurrency market.

Even in the face of significant risks and market turmoil, some people will continue to increase their positions in the hope of reversing losses or gaining more profits.

However, this strategy usually requires careful consideration, as the market may exceed investors' expectations and lead to huge losses.

In short, investing in cryptocurrencies requires full market understanding and risk awareness to avoid excessive financial losses due to market fluctuations.

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