The bull market in 2017 taught us several valuable lessons. Do you remember when a platform launched a new coin with an issue price of 50 cents, which soared to 10,000 in a short period? Seeing the price fluctuate wildly from 5,000 to 10,000 in seconds, I quickly understood the situation and exited the market decisively. Within a few hours, the price dropped back to 50 cents. This dramatic rise and fall was astonishing.
Some people borrowed more than 1 million yuan to buy at the high points but lost everything within hours, resulting in tragedy. The situation escalated when angry investors protested against the platform, leading to the platform compensating the losses. Unfortunately, one person who had borrowed heavily to invest did not survive the aftermath.
This incident, involving a coin starting with "W" where the project party injected ten times the issuance volume, caused the sharp price fluctuations. The tragic outcomes and platform compensation were real events.
Therefore, I urge all investors to be cautious when an exchange issues a new coin. Make sure to thoroughly understand the project and the coin's background before deciding to invest.
Recently, consider keeping an eye on BNX, XRP, Alice, People, and Pepe. For specific operation strategies, please follow my guidance.
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