Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
There are some coins in the crypto world that you really shouldn't touch. This is not superstition, but lessons learned through bloodshed time and again.
The market exhibits an extreme trend called "guillotine"—a certain coin may plummet over 70% vertically within a few hours or even a day, dropping without warning or buffer. It looks like a sharp blade coming straight down.
This situation is definitely not a normal correction. Regular market pullbacks are gradual, moving slowly downward. But "guillotine" is different; it reflects that the main players or large funds have completely abandoned the market, fleeing at full speed regardless of consequences. They are too lazy to maintain the order book and just want to cash out as quickly as possible.
Many people see the sharp decline and have a deadly thought: this is a chance to scoop up bargains. Wrong. Behind what seems like "cheap low-price goods," there is often a chasm where liquidity has dried up and the project has been internally abandoned. Bottom fishing is like trying to catch a rapidly falling knife with your bare hands. $G
The routine after a sharp drop is basically fixed: long-term downward decline continues to torment you, occasional small rebounds are just to lure lucky ones back in, and finally, this coin is gradually forgotten by the market, becoming history.
If you are truly unlucky and get caught, never wait for a miracle. As long as there is a decent rebound opportunity, you must exit immediately to preserve the remaining principal, then shift your focus to projects with healthy trends and sufficient liquidity. Holding onto bad coins will only cause your losses to erode your funds and energy infinitely.
People who have been in the crypto space for a long time understand one principle: success is not about what you do, but about what you know not to do. Recognizing and avoiding these obvious traps, your win rate is already ahead at the starting line. One last piece of advice: your goal should never be to rescue a plummeting coin, but to protect your principal and wait for truly clear opportunities that belong to you.