There is a story about an investor that is quite upsetting to watch.



He decided to buy the dip during a market downturn, pouring in $250,000 within 16 hours to buy a certain token at an average price of $0.02892. He thought this was a bargain opportunity.

But what happened? When he woke up, his assets had dropped by 86.9%, leaving only 13% of their original value. The market cap of that token also plummeted from its high to $3.84 million.

The most ironic part is—

He used USDT transferred from a new wallet, marking his first entry into this token. In other words, this seasoned investor wasn’t caught by an old chaser trap, but just stepped into the market right when the harvesting machine was already running.

What does this whole story tell us? In the crypto market, there are no absolute bottom-fishing opportunities. Beginners should be especially cautious of tokens that seem unbelievably cheap. A coin falling from its high doesn’t necessarily mean it’s the bottom; it might just be the start of a decline. When the market rebounds, stay calm and don’t be blinded by short-term fluctuations.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
MidnightGenesisvip
· 01-08 19:42
On-chain data shows that this guy's wallet interaction pattern is interesting, with new addresses, new coins, and new USDT—typical honeypot characteristics... It is worth noting that the deployment time of such tokens' contracts often hints at something.
View OriginalReply0
Degen4Breakfastvip
· 01-08 00:55
Damn, newbies get 250,000 directly, and 86% is gone in one night? That's the so-called "tuition fee," I swear it hurts to watch.
View OriginalReply0
VitaliksTwinvip
· 01-08 00:54
Oh no, 250,000 just disappeared like that. Getting liquidated on the first entry must be so painful.
View OriginalReply0
DYORMastervip
· 01-08 00:53
Oh my god, this guy is really outrageous. He threw 250,000 in 16 hours directly into the harvesting machine. Woke up to find 87% gone. Can't even laugh.
View OriginalReply0
OffchainWinnervip
· 01-08 00:47
This is the typical price of pursuing happiness. Going all in on the first try—who can handle that?
View OriginalReply0
BearMarketBrovip
· 01-08 00:45
$250,000 suddenly drops to just over $30,000 after waking up—how painful must that be... It's no wonder beginners get caught in the harvesting machine.
View OriginalReply0
AlphaLeakervip
· 01-08 00:32
WTF, a newbie got thrown straight into the meat grinder, $250k evaporated overnight. That's gotta be absolutely devastating.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)