After the breakdown of LUNA, will you buy at the bottom?
From the past to the present, the technology of blockchain has been continuously applied more widely. In the past, people mentioned the blockchain as a scam, but now more and more people are starting to invest in cryptocurrencies, and this process has undergone many changes.
Let’s start by talking about the discovery of the blockchain, which was first known as the emergence of Bitcoin. People have always believed that Bitcoin is the underlying technology of the blockchain. At that time, people never thought that the blockchain could be applied to various scenarios. In fact, Bitcoin cannot be said to be completely safe, and it will also be stolen and stolen again, so when participating, you must keep your own secret key and do not click on the link randomly.
Rencently, one of the hottest news in the currency circle was the breakdown of LUNA, which once brought the entire market to a trough. It can be said that May is a black May, such as May 19 last year, May 11 this year; this year BTC also fell below 30,000 in May; also because of the volatility of the crypto market, the market value of LUNA is slowly lower than the market value of UST, which has led to various phenomena of holders wanting to escape. It also makes more people boldly speculate that LUNA is a scam.
LUNA started from 0.12U in 2018, and went all the way to 119.5U. On 5.11 this year, it directly fell below the issue price. In those few days, LUNA has been plummeting. In fact, this can be completely understood as a normal phenomenon. You think that LUNA has always been the target of UST. Now it has formed a phenomenon of de-anchoring with UST. The factors that caused the U.S. stock market to plummet in the external market are not only the problem of this one, but now it can be said that the sentiment of the entire crypto market is already panicking.
As the saying goes, risk and reward coexist. LUNA’s collapse, some people have been making a lot of money between the ups and downs, and some people have gone bankrupt. Everyone wants to wait for it to bounce back and make another wave, but have you thought about this? Have you seen the trend? Do you know that its market has adjusted? This is not something we can achieve if we want it to rise back up.
During the investment process, stay awake and don’t think about buying at the bottom. The current market is different from the past. The previous market was single, but now the market is diversified. To put it another way, the volatility of cryptocurrencies has become larger and larger, and investment has a lot of risk.
