Never underestimate the destructive power of the crypto market; it can truly push people to the brink.
Only through long-term struggle here do you realize that this is not investing, but fighting for survival. Losses are not just shrinking account balances; they are watching yourself fall from a towering skyscraper straight into the abyss.
During the 2022 exchange storm, I saw too many shattered stories. A major exchange that once ranked among the top in daily trading volume worldwide was once synonymous with "smooth and stable." The next day, users opened the app to only four words—"Unable to withdraw funds."
Someone had 7 million USDT locked inside, assets frozen, ending up with nothing. Someone used full leverage to long the platform’s token, watching it drop from $22 to just over $1, with system lag preventing them from closing the position in time, and their account was wiped out.
How many people stayed up for 48 hours with coffee during those two days? Not for profit, but just to accompany their assets through the final moments.
That’s how the crypto market is—brutal, chaotic, yet full of temptation. Compared to traditional finance, it’s a completely different world. No circuit breakers; an 80% drop still continues to crash; open 24/7 globally; leverage starting at 20x, with liquidation after just two K-lines is normal; retail investors are powerless with dispersed strength, and without regulation, it all depends on luck; information is always delayed, and big players have long since withdrawn before you realize it.
So now, ask yourself honestly: you can accept a 20% loss now, but in the crypto world, you can lose everything overnight in minutes.
To survive here, the first step is to control your hands. Understand the market trend clearly, and strictly manage your single trade position. Never open a large position before sleep, and don’t fantasize about doubling your money overnight—too many people can’t even hold through the next day’s market.
The crypto world is like a turbulent sea; some have already learned to steer their ships steadily. If you want to get on board, you first need to learn how to swim.
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NotGonnaMakeIt
· 01-08 09:05
Looking back at the 2022 wave, it was truly a nightmare... 7 million just disappeared like that, I feel sorry for them.
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LiquidityWitch
· 01-08 02:23
the liquidity pools demand their sacrifices... watched too many alchemists transmute their portfolios into ash during the storm. that 2022 reckoning wasn't just market correction, it was a culling ritual nobody invited but everyone attended fr
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Blockwatcher9000
· 01-07 22:35
That wave in 2022 really numbed me out. I lost 7 million in just one night... Keeping control is so true, all the positions built before sleep are just gamblers.
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TokenVelocityTrauma
· 01-05 11:44
This article is so realistic. I’ve seen too many liquidations during the 2022 wave, I still remember the feeling of not being able to sleep.
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Honestly, leverage is poison. Knowing it’s dangerous but still using it—that’s the fate of crypto people.
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Losing 7 million without a single cent left? I’ve heard of this several times, and every time it feels like a dream.
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It's easy to say "control your hands," but when the market drops 20%, you want to add to your position and just can’t stop.
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Why keep playing? Because the feeling of making money before can’t be regained.
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24/7 nonstop, big players start to unload at 3 a.m., and retail investors realize it’s already too late.
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Don’t hold a heavy position before sleep—that’s something I need to post on my trading software, or I’ll keep doing stupid things.
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The crypto world is just a casino; don’t fool yourself into thinking it’s investing.
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DeFiGrayling
· 01-05 11:40
7 million USDT is gone directly, this is outrageous. I also experienced that storm in 2022, although I didn't lose as much, I really had a mental breakdown. Now I just stick to this rule: don't open positions before sleep, control each trade well, and staying alive is winning.
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MidnightSnapHunter
· 01-05 11:36
I was also on the scene during the 2022 storm, and I really can't bear to look at those screenshots anymore. The guys who had 7 million wiped out directly, how are they doing now?
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MergeConflict
· 01-05 11:33
The drop from $22 to just over $1 was really intense. The system lagged, unable to close the position, and I just watched the liquidation happen. This is the crypto world.
Never underestimate the destructive power of the crypto market; it can truly push people to the brink.
Only through long-term struggle here do you realize that this is not investing, but fighting for survival. Losses are not just shrinking account balances; they are watching yourself fall from a towering skyscraper straight into the abyss.
During the 2022 exchange storm, I saw too many shattered stories. A major exchange that once ranked among the top in daily trading volume worldwide was once synonymous with "smooth and stable." The next day, users opened the app to only four words—"Unable to withdraw funds."
Someone had 7 million USDT locked inside, assets frozen, ending up with nothing. Someone used full leverage to long the platform’s token, watching it drop from $22 to just over $1, with system lag preventing them from closing the position in time, and their account was wiped out.
How many people stayed up for 48 hours with coffee during those two days? Not for profit, but just to accompany their assets through the final moments.
That’s how the crypto market is—brutal, chaotic, yet full of temptation. Compared to traditional finance, it’s a completely different world. No circuit breakers; an 80% drop still continues to crash; open 24/7 globally; leverage starting at 20x, with liquidation after just two K-lines is normal; retail investors are powerless with dispersed strength, and without regulation, it all depends on luck; information is always delayed, and big players have long since withdrawn before you realize it.
So now, ask yourself honestly: you can accept a 20% loss now, but in the crypto world, you can lose everything overnight in minutes.
To survive here, the first step is to control your hands. Understand the market trend clearly, and strictly manage your single trade position. Never open a large position before sleep, and don’t fantasize about doubling your money overnight—too many people can’t even hold through the next day’s market.
The crypto world is like a turbulent sea; some have already learned to steer their ships steadily. If you want to get on board, you first need to learn how to swim.