Who said that the currency circle does not "sacrifice" people? Just look at the case of FLOW.
The project dropped from its all-time high of $35.6 to $0.1. Comparing the data is revealing - investors who buy at high levels, even if the price of the coin rises 100 times, will not be able to recover their capital, or they will lose more than 70%. The issues behind this decline are worth considering: high popularity in the early stages of the project attracts individual investors to participate, the price inflates, and a large number of floating losses accumulate. Finally, when the heat subsides and market liquidity dries up, the situation becomes one-sided downward. The highest acquisition costs pay the heaviest price - not only is the asset watered down, but even a 100-fold increase is required to solve the problem, which is an almost impossible task. For this reason, risk management is critically important in the cryptocurrency industry. Blindly chasing the peak and ignoring the fundamentals of the project often serve as a lesson in blood.
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Who said that the currency circle does not "sacrifice" people? Just look at the case of FLOW.
The project dropped from its all-time high of $35.6 to $0.1. Comparing the data is revealing - investors who buy at high levels, even if the price of the coin rises 100 times, will not be able to recover their capital, or they will lose more than 70%.
The issues behind this decline are worth considering: high popularity in the early stages of the project attracts individual investors to participate, the price inflates, and a large number of floating losses accumulate. Finally, when the heat subsides and market liquidity dries up, the situation becomes one-sided downward. The highest acquisition costs pay the heaviest price - not only is the asset watered down, but even a 100-fold increase is required to solve the problem, which is an almost impossible task.
For this reason, risk management is critically important in the cryptocurrency industry. Blindly chasing the peak and ignoring the fundamentals of the project often serve as a lesson in blood.