Can the fluctuations in the crypto world scare people silly? Don't ask 'will it happen', ask 'have you experienced it?'.

The heart-wrenching moments during extreme market conditions are not legends; they are real experiences I witnessed and endured with friends—most unforgettable was the night of the LUNA crash.

My childhood friend had 10,000 LUNA at that time, and the day before, his account showed 1 million U; before sleeping, he checked and saw it had dropped 30%, leaving 700,000 U.

With red eyes, he voice-messaged me: "UST has only decoupled a little bit, Do Kwon will definitely save it," his words were full of self-comfort. After hanging up, he went straight to sleep.

When dawn broke, he frantically sent me a message—his account only had 10,000 U left. "A 99% drop must be at the bottom," he seemed obsessed, gritting his teeth and putting in another 200,000 U to buy 200,000 LUNA.

That night, he stared at the screen without sleeping, watching the price drop from 1 U to 0.1, then to 0.0001, and finally turn into a useless string of numbers, completely delisted by the exchange.

In three days, 1.2 million U shrank to the price of a breakfast.

My friend lay in bed for a week without getting up; when I went to see him, the computer was still on LUNA's candlestick chart.

The harshness of the crypto world lies in the fact that it operates on a completely different logic than traditional markets:

1. 7x24 hours non-stop; a single sleep could mean zero;

2. No price limits; in 2025 a certain altcoin plummeted 78% in a single day; a halving is considered mild;

3. Leverage is everywhere; encountering a 20% fluctuation with 10x leverage can lead to liquidation within a few candlesticks.

In the first quarter of 2025, there were three popular projects that flashed crash, causing hundreds of thousands of people to lose their assets.

The iron rule of this industry has never been 'how to earn', but 'how to survive'.

Data shows that in 2025, the extreme volatility of cryptocurrencies reached 18.6%; many people did not get the direction wrong but were liquidated before they could endure the rebound.

Let me be honest: avoid leverage if possible, and don't touch junk coins.

Preserve your principal, and you will have the qualification to wait for opportunities.

Before, I was bumping around in the dark alone; now I hold the light.

The light is always on; will you follow? @不贪的阿 K

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