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

Yes, take the most classic luna as an example. You have 10,000 luna. Yesterday when you went to bed, it was worth 1 million u. When you woke up, it became 700,000 u. You said that I have been in the currency circle for so long, and it is only 30%. After the retracement, ust was only 10% off the anchor. I believed in DoKwon, so I went to bed with peace of mind. When you wake up the next day, it has become 10,000 U. At this time, you think that it has dropped 99%, and there should be no further fall. If I buy at the bottom now and it rises to 10 U, it will be ten times, and you are happy, so you sell the iron. You collected 200,000 U and bought 200,000 Luna at the bottom. At this time, you couldn't sleep. You kept staring at it hoping that it would go back up, but you could only watch the price go from 1 to 0.1 to 0.000001 and finally be sold. Take it off the shelves, and in the end, your 1.2 million u assets will be reduced to the cost of a breakfast in three days. You are completely devastated.

Except for Luna, there are many differences between the currency circle and the traditional financial market. First, it is open 24/7. Second, there is no price limit. Third, the entry threshold is extremely low. Fourth, there are many people who abuse leverage. Five, altcoins. There is no end to the ups and downs. In particular, it is normal for the third, fourth and fifth points to be combined to make you rich and liquidated overnight. Use leverage with caution, everyone. You think your five times leverage is already very low, but you don’t know that there are days when the fluctuation exceeds 20% in a day. Because of the leverage, the lower the price, the harder it is to stop the car, which will eventually lead to a series of liquidations. eth Why can it reach more than 800? Isn’t it because the liquidation price on the chain is clear and there are funds to plow it down to pick up cheap corpses?