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How scary is the rise and fall of the currency circle?
During the big bull market in 2017,
A certain popular platform launched a new coin
The issue price was only 50 cents. Everyone thought it was a good opportunity and wanted to buy it.
However, the price of this coin rose too fast. In the blink of an eye, it jumped from 50 cents to 5,000, and then to 10,000 in the blink of an eye! I was stunned and retreated quickly.
Guess what happened? After a few hours, the price of this coin fell back to 50 cents, just like a roller coaster!
Later, this matter was also reported in the news, saying that a buddy borrowed more than 1 million to buy this coin, but he bought it all at the highest point. Can you imagine how much money he had left in the end?
Alas, this buddy was so upset that he jumped off the building. What's even more outrageous is that because the cut was too severe, a group of people ran downstairs of the platform and held banners to protest. In the end, the platform couldn't bear the pressure and returned all the money. But that guy, alas, can't come back.
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