I've been with Brother Fu and the others these past few days. After finishing Texas Hold'em yesterday, we all had late-night snacks together around 2 AM. Everyone unanimously sees the current market as bearish, but many of the brothers just reduced their positions, while only Brother Fu decisively cleared his entire position with one click. I really admire that level of decisiveness and execution!
I am one of those who firmly see the risks. I just wanted to see if the altcoins could rebound over the weekend. Relying on my low leverage, when my phone started ringing wildly around 5 AM, I found out that I had actually been liquidated. I couldn't believe my eyes at that moment; this was my first true liquidation, and my funds in the market went to zero overnight.
I plan to take a break for a while. The past two years have been quite tough for me, and I need to think carefully about how to move forward. At the right time, I will start again with another 200,000 RMB!
Wealth does not disappear; it is merely transferred. We have all been played by capital. The altcoins collectively lost liquidity, with declines of over ninety-five percent. It's terrifying to think about what lies behind this; this is bubble speculation, and the market has given me an expensive lesson.
I perfectly dodged this crash! The top players in the exchange are tearing each other apart, and the on-chain meme coins are a complete mess, making me feel the crisis. Around 2 AM, I sold all the coins in my account, liquidating 95% of my position.
I didn't post anything when I cleared my position last night, thinking I would share it in the morning, but unexpectedly, it plummeted while I was asleep. I have no plans to buy the dip in the short term; I believe the major trend has ended. The liquidity is scarce, and the global situation and economic conditions are very pessimistic; it hasn't finished dropping yet.
I happened to be traveling with some KOL friends from the crypto circle, and my decisive action to liquidate everything was influenced by our discussions. It's a pity that I was the only one to execute it.
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