evtn
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In one month, I blew up my account three times (zeroed out, and the margin call doesn't count), losing a total of 10,000 soft sister coins. Just recording this, as I don't know if I will be tempted again to enter this market in the future.
1. On October 25th, I invested about 2,000 soft sister coins for around 270 US dollars. It doubled on the first day, which felt great. After that, it was back and forth, but it never returned to the highest point again, until it finally went to zero.
2. From October to early November, #rif gained popularity, so the second time I invested 1,000 soft sister coins for 138 US dollars at a competitor's place, using a web wallet to buy dog coins. It was also back and forth. It seemed quite enjoyable, peaking at three times the investment, but later… naturally, it turned into a pig slaughter scheme, and I didn’t cash out before the crash, resulting in zero.
3. On December 1st, I invested another 7,000 soft sister coins, totaling 830 US dollars. I summarized the experiences from the previous two times: first, do not open leverage above 3x, and second, do not touch the primary market. Initially, it ran steadily for three weeks, reaching nearly 4 times the investment until yesterday… due to the surge of $CRV , I became overly confident. I had already fully leveraged 5 times with $CRV (which broke the prior agreement of a maximum of 3x leverage), and I opened up 10x leverage again, fully investing in $UNI … the result, of course, was waking up this morning to find my account blown.
1. On October 25th, I invested about 2,000 soft sister coins for around 270 US dollars. It doubled on the first day, which felt great. After that, it was back and forth, but it never returned to the highest point again, until it finally went to zero.
2. From October to early November, #rif gained popularity, so the second time I invested 1,000 soft sister coins for 138 US dollars at a competitor's place, using a web wallet to buy dog coins. It was also back and forth. It seemed quite enjoyable, peaking at three times the investment, but later… naturally, it turned into a pig slaughter scheme, and I didn’t cash out before the crash, resulting in zero.
3. On December 1st, I invested another 7,000 soft sister coins, totaling 830 US dollars. I summarized the experiences from the previous two times: first, do not open leverage above 3x, and second, do not touch the primary market. Initially, it ran steadily for three weeks, reaching nearly 4 times the investment until yesterday… due to the surge of $CRV , I became overly confident. I had already fully leveraged 5 times with $CRV (which broke the prior agreement of a maximum of 3x leverage), and I opened up 10x leverage again, fully investing in $UNI … the result, of course, was waking up this morning to find my account blown.
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What the heck, it always suddenly spikes up and down like this
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Is the feeling of Bitcoin dropping out of altcoins a sign that we have officially entered a bear market?
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