Will the rise and fall of the cryptocurrency circle really scare people to death?

If I buy 10,000 yuan now and enter the cryptocurrency circle, will I become a millionaire in ten years?

When luna plummeted 99%, I invested 50,000 RMB, and then it fell another 99% on the third day.

At that time, looking at the 50 yuan left in the account, I didn’t feel the pain of losing money all of a sudden, but only a sense of absurdity. After all, I am also an old leek who has been harvested repeatedly in the A-share market, but I have never seen such a scene in my life. My leek roots have been pulled out in just a few days?

Run away and delete the APP

In addition, the feeling of heartache is coming now, 50,000 yuan...

Let’s take the most classic example of luna. You have 10,000 luna. When you went to bed yesterday, it was worth 1 million U. When you woke up, it became 700,000 U. You said that I have been in the cryptocurrency circle for so long, and it only retreated by 30%, and ust only decoupled by 10%. I believe DoKwon, so I went to bed boldly again. The next day, you woke up and your assets became 10,000 U. You thought that it had fallen by 99%, so it should have fallen no further. I bought it now and it rose to 10 U, which is ten times the price. So you sold everything you had and raised 200,000 U to buy 200,000 Luna. You couldn't sleep at this time. You kept staring at it and hoped that it would rise back, but you could only watch the price go from 1 to 0.1 and then to 0.000001 and finally be delisted. In the end, in three days, your 1.2 million U assets shrank to the cost of a breakfast. You completely collapsed.

In addition to Luna, the currency circle is very different from the traditional financial market. First, it is open 24 hours a day, 7 days a week. Second, there is no price limit. Third, the entry threshold is extremely low. Fourth, there are many people who abuse leverage. Fifth, the rise and fall of altcoins is boundless. Especially when the third, fourth and fifth points are combined, it is normal to get rich overnight and go bankrupt overnight. Please use leverage with caution, everyone. You think your five-fold leverage is already very low, but you don’t know that there are days every year when the fluctuation exceeds 20%. Because of the leverage, the more it falls, the harder it is to stop, which eventually leads to a series of liquidations. Why can ETH reach more than 800 in this bear market? Isn’t it because the liquidation price on the chain is clear and there is money to throw it down to pick up the cheap corpses?