In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect
What happened recently is not new, people should know that the market can not always favor. If people do not go for altcoin, bitcoin will reach ATH again but it can be long, they should not worry, but just that some altcoins may not reach ATH again while some may become shitcoin.
Sorry OP, but your title is very biased. If you want to blame someone, blame company behind Luna who decide to remove the peg on UST. While some Luna holders have poor management risk or poor mental health awareness, it's different topic.
Another warning that altcoins can be shitcoin, though some altcoins are doing well but Luna will not be the last altcoin that will become shitcoin, it can even happen to some other altcoins.
Crypto market is really down now, we are losing money already so losing our lives should not be an option its not the way out. Let's not make our family, friends and close ones to suffer and lets not forget "if there is life there is hope". Stay Strong wherever you may be.
Posted on: May 12, 2022, 09:50:55
Some people are whales and are still holding, even people like Microstrategy are still holding. Do you know what these whales have lost? But they know that they do not lose because market will rise back. What that matters is to not hold shitcoin which is the loss that should be talked about.
Everyone has their own method of coping with financial loss. I hang out with friends and do fun things to get my mind off the reality that I lost money. Depression is real, I do not joke about mental health.
It was a financial loss for me because I held Luna, it has gone and I know I will make it back and be strong. If there is life, there is hope. But I still have certainty about my bitcoin holding, it is not a loss, it is a correction which will still lead to bitcoin to reach $100000.