The wealth game in the crypto market is sometimes suffocatingly cruel.

Remember the disaster at LUNA? Someone holds 10,000 LUNA with a book value of 1 million U. I glanced at it before going to bed, and it fell by 30%, thinking that "fluctuations are normal", so I fell asleep.

When I woke up in the morning, there was only 10,000 U left in my account.

Staring at the screen for ten minutes in a daze, he came back to his senses: "Dropped 99%? Then it's time for a diamond bottom, right?"

As soon as his brain was hot, he smashed the pot and sold iron to make up 200,000 U and buy 200,000 LUNA. Prepare to wait for the price to return to 10U and turn around tenfold.

The next 72 hours were like a horror movie in slow motion - the price fell from 1U to 0.1, then to 0.01, and finally fixed at 0.000001. The exchange is directly delisted. 1.2 million assets turned into a digital bubble within three days.

Why can the currency circle force people to this?

The traditional stock market has a price limit protection, with a maximum of 10% fluctuation per day. Not here. The price is cut in half, and it only takes a few K-lines.

The threshold is ridiculously low. Download the APP, register in a few minutes, and you can participate in this "Fortune Roulette".

Leverage is rampant. Open 10 times or 20 times casually, and a few points of fluctuation can make you liquidate your position, and you don't even have a chance to appeal.

Altcoins exist without a bottom line. Rising can make you rich overnight, and falling directly to zero, and even the tombstone will not be left for you.

The most terrifying thing is the superposition of these factors: a project suddenly collapses, hundreds of thousands of people's funds evaporate instantly, leverage triggers a series of liquidations, and it is too late to run.

A sincere suggestion:

If you can't touch the lever, don't touch it. Do you think 5x leverage is conservative? The currency circle can fluctuate by more than 20% in a single day more than a dozen times a year. If you do it in the wrong direction once, you may never have a chance to turn the tables again.

Altcoins can hide if they can. The story of those "100x coins" will always be someone else's legend, and your turn may be the beginning of zeroing.

The market will have cycles, and the panic will pass. But only if you have to live until that day.