In the cryptocurrency world, it takes only half a month to create a deity, but it only takes a single bearish line to destroy one...
Human nature is the biggest source of volatility in this market...
Does everyone still remember that real account that made 50 million USD in profit half a month ago, the "Cat Teacher" (0xPickleCati)? At that time, the whole internet was shouting "Goddess, please lead us," even surprised by her gender.
As a result, in the past few days, the market reversed, and just by looking at the data panel, on February 7th, there was a single-day drawdown of 17.1 million USD (about 120 million RMB), and the curve went straight down 📉.
Interestingly, the tone in the comments section changed abruptly:
When making money, she is a goddess; when in floating loss, she is labeled as "a shill for the exchange" or "a smoke bomb for gaining traffic."
In fact, the fate of traders is that gains and losses are intertwined; one must endure the same amount of drawdown as the profit one can withstand.
Everyone should be a bit gentler with their words, after all, in the face of a 20 million USD drawdown, whose mentality wouldn't collapse?