Those with heart problems really can't take it. One second you're laughing, and the next second you're crying like a baby.
How many people jumped off bridges because of Luna that day, I really don't know.
Take Luna's most classic example. You have 10,000 Luna in your hands, and its value was 1 million USDT last night. You wake up suddenly, and it has become 700,000 USDT. You think to yourself, after so many years in the crypto world, it’s only a 30% pullback, UST has only decoupled by 10%, I believe in DoKwon, so you confidently went back to sleep.
The next day you wake up, and Luna has dropped to 10,000 USDT. At this point, you think it has fallen by 99%, it shouldn’t drop any further, right? If not now, when should you buy the dip? So you sell everything you have, desperately putting together 200,000 USDT, hoping to catch the bottom and buy 200,000 Luna. As a result, you can’t sleep at all, constantly watching it, hoping it will go back up, but you watch helplessly as the price drops from 1 USDT to 0.1 USDT, then to 0.000001 USDT, and finally it gets delisted. In just three days, your 1.2 million USDT has become worth less than a breakfast.
You are completely broken.
Besides Luna, the crypto world is truly different from the traditional financial market. The crypto market is open 24/7, there are no price limits, and the barriers to entry are shockingly low, leading many people to abuse leverage. The price fluctuations of altcoins are truly boundless.