Will the rise and fall of the cryptocurrency circle really scare people to death? 🥶🥶🥶
The rise and fall of the cryptocurrency circle can really scare people to death.
Take the most classic Luna as an example. You have 10,000 Luna, which was worth 1 million U before going to bed yesterday, and it became 700,000 U when you woke up.
You think, this is only a 30% retracement, and UST is only 10% off the anchor. I believe DoKwon, so I continue to sleep boldly. When I woke up the next day, there were only 10,000 U left. You think it has fallen by 99%, and it should have fallen to the bottom. Now buy in, and it will rise to 10U, which is a tenfold return.
So you sell everything you have to collect 200,000 U and buy 200,000 Luna at the bottom. At this time, you can't sleep, and you keep watching it all the time, hoping that it will rise back. As a result, you can only watch the price fall from 1U to 0.1U, then to 0.000001U, and finally it was delisted.
In the end, in three days, your 1.2 million U assets shrunk to the cost of a breakfast, and it collapsed completely.
Except for Luna, the cryptocurrency market is very different from the traditional financial market.
First, the cryptocurrency market is open 24 hours a day, 7 days a week;
Second, there are no price limits;
Third, the entry threshold is extremely low;
Fourth, there are a lot of people who abuse leverage;
Fifth, the rise and fall of altcoins is endless.
Especially when the third, fourth, and fifth points are combined, it is normal to get rich overnight and then go bankrupt overnight. Be careful with leverage, everyone. You think five times leverage is already very low, but there are days every year when the daily fluctuation exceeds 20%.
Due to leverage, the more it falls, the more it cannot stop, and eventually it leads to a series of liquidations. Why can ETH fall to more than 800 U in this bear market? Isn't it because the liquidation price on the chain is clear, and there is money to pick up cheap corpses?
In short, the volatility and high risk of the cryptocurrency market are obvious, and investors need to act with caution. #美联储何时降息？ #币安用户数突破2亿 #币安上线ZK #美国PCE数据将公布
