Lessons from 2017's Bull Market: A Cautionary Tale !

in #eth2 days ago

WhatsApp Image 2024-07-25 at 08.48.27_2f781233.jpg

Remember the frenzy of 2017 when a new coin launched at just 50 cents soared to an astonishing 10,000? 🚀

The wild price swings from 5,000 to 10,000 within seconds taught me a crucial lesson.

I exited decisively, and within hours, the price plummeted back to 50 cents—a dramatic rise and fall that left many in shock. 😲

Some borrowed over 1 million yuan, buying at the peak and losing everything within hours. 💸

The tragedy escalated when angry investors protested, forcing the platform to compensate losses. Sadly, one investor didn't survive the aftermath. 😢

The coin, starting with "W," experienced sharp fluctuations due to the project party injecting ten times the issuance volume. 📉 This led to real tragic outcomes and platform compensation.

So, always be cautious with new coin launches. ⚠ Thoroughly understand the project and the coin's background before investing. 📚

Coins to Watch: BNX, XRP, Alice, People, and Pepe. Follow my guidance for specific strategies. 🔍

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