2025-12-26 11:21:40

Mentougou, 94 Storm, 312 Crash, 519 Bloodbath, LUNA Zeroed Out, FTX Explosion, 10.11 Volatility... Over the past decade in the crypto world, there has never been a shortage of tragic stories.

Behind every major market movement are scenes of carnage. When newcomers enter, their eyes are filled with dreams of financial freedom, but as long as you stay in the market long enough, you'll realize—there's no logic here, only a zero-sum game of blood and tears. One wrong step, and you're in an abyss.

In 2014, the Mentougou hack saw 850,000 BTC vanish into thin air, causing panic selling across the community. In 2017, the 94 Storm struck unexpectedly, wiping out 80% of the market cap in an instant; those who bought blindly ended up losing everything.

On the black swan day of 312 in 2020, Ethereum was hammered down to $80, and countless accounts were wiped out overnight. By 519 in 2021, the contract collapsed, exploding 600,000 accounts in a single day, turning all dreams into dust under leverage.

In 2022, LUNA plummeted from the throne to hell in an instant, shattering the dream of algorithmic stablecoins. Soon after, FTX collapsed spectacularly, and even the trading platform itself was no longer safe—users' funds disappeared in an instant.

Aren't these all vivid lessons? But the problem is, whenever the market slightly recovers, someone always forgets the pain. Truly, they never learn.

And because of this, I am even more cautious about the current market. Not out of fear, but because I’ve seen too many times—before a black swan arrives, the days are eerily calm, almost frightening.

Right now, tokens like SUI, ZEC, and SOL are lively and bustling, but remember one truth: only a very few can get rich quick from these, and even fewer can walk away unscathed. Luck, timing, and mental resilience—none can be missing.

The bottom line is simple: if you don’t reach out proactively, I can’t pull you up. But if one day you suddenly wake up, we can still walk this path together.

LUNA-1,84%

BTC-0,34%

ETH-0,64%

SUI-0,63%

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4am_degen

· 9h ago

I've seen it too many times, really. --- On that day in 312, I watched the account go from five digits to three digits. Now watching the excitement is risky. --- Every time they say this time is different, but the result is always the same damn thing—human nature. --- The recent hype around SUI and SOL feels like those projects from back in the day. I always feel something's off. --- Being able to survive until now without making a profit is already a win, truly. --- Honestly, I get nervous for new entrants now entering the market. --- That Luna wave made it crystal clear—nothing is absolutely safe. --- Caution can sometimes be the biggest winner, even if it looks unappealing. --- When the black swan arrives, you'll realize how much you've lost. --- It took three years to understand that this game is all about psychology. --- The most terrifying days are the calm ones—that's a bloody lesson.

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HodlOrRegret

· 9h ago

I've seen it too many times; every time I say I'll learn my lesson, but when the next wave comes, the same people are still taking the bait. --- I was there on day 312, I still remember that feeling. That's why I just hold on tightly. --- You're right, but that's just how this market is, there's nothing we can do about it. --- Relying on these to get rich quickly? Wake up, 99% of people are just here to give away their money. --- The calm before the storm is the most frightening, I agree with that. --- That LUNA incident was truly incredible; so many people's dreams were shattered. --- After FTX, I really have a psychological shadow over exchanges. --- Thinking back to the panic in 2014, I was still a rookie back then. --- I haven't really seen many people who managed to survive and walk away unscathed from the crypto world. --- Keep holding on, anyway, there's no way out now. --- Every time I say it's the last time, but I end up playing again.

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ForkTongue

· 9h ago

That was so heartbreaking, on the day of 312 I literally sleepwalked to zero. Another warning post, but then someone goes all-in on SOL. The shadow of Mentougou still hasn't faded, every time it rises I'm scared. No matter how eloquently you speak, greed is truly incurable. During the FTX incident, some people around me lost everything, now I can't even trust exchanges. Let's wait for the next black swan to arrive. The calmest times are always the most dangerous.

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ChainMelonWatcher

· 9h ago

I remember that wave in Mentougou, it directly broke the defenses. Reading this article is a bit heartbreaking; each event hits a sore spot. That day on 312 was truly cursed; watching ETH at $80 felt like a dream. Still have to admit, this circle is just a gambler's paradise, nothing else. The current hype around SUI feels like something's off. The FTX incident completely changed my mindset; exchanges are unreliable. Honestly, most people are just cannon fodder, don't think too much about it. The crypto world has had ups and downs for ten years; only the tough ones survived. Every time I say this time I’ve learned my lesson, I end up repeating the same mistakes. People who got liquidated on 519 probably are still having nightmares. LUNA went from a hundredfold coin to zero in just a moment. Now I see risks everywhere; maybe I’ve really been psychologically scarred. Luck plays a big role; honestly, no one can escape the black swan. I've only seen one and a half people walk away with profits. No matter how hot the market gets, I don’t dare go all-in anymore; the lessons are too deep.

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ForumMiningMaster

· 9h ago

I've seen too many bloody lessons, really. --- On that day, my account was wiped out at 312, and I still dream about losing money. --- So now I just ignore those calling signals; listening to them only leads to losses. --- That wave of LUNA was truly incredible, it felt like the entire circle was stunned. --- There are too many people who don't learn from their mistakes; every rebound they start fantasizing, deserved to be cut. --- Relying on these get-rich-quick schemes? Wake up, everyone, they're just tools of the whales. --- The word "caution" is so right; that's my current attitude. --- After the FTX incident, I can no longer trust platforms, I'm scared. --- "Buy with eyes closed, lose with eyes closed" really hits home. --- Very few people can come out unscathed, honestly.

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ChainDoctor

· 9h ago

MenTouGou that wave I was also involved in, I still remember that sense of despair Really, every time I say I learn my lesson, but a new wave of new investors comes again I know several accounts that cleared 312, some haven't recovered to this day And still some people go all in on SOL, it's hilarious I don't understand why people always have to pay with blood to learn lessons Those friends who talked about getting rich overnight are now very low-key Having seen too many ups and downs, I just watch and stay still now When the myth of LUNA shattered, I understood there is no absolutely safe place Huazi isn't even that ruthless To put it simply, it's a probability game, most people are destined to be cannon fodder After FTX, I truly admire those who still dare to keep their funds on exchanges

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GasFeeCrier

· 9h ago

Again with the same old story, I'm tired of hearing it. --- On that day at 312, I saw with my own eyes the people in the group go from bragging to bankruptcy, really, in less than thirty seconds. --- Every time I say I learn my lesson, but the next round I jump right back in. Human nature is like that. --- The FTX incident has made me too uneasy to keep my coins on exchanges anymore. --- Indeed, only a few can walk away completely unscathed. I haven't seen anyone around me do it. --- I understand that feeling before the calm before the storm, always feeling like something's about to happen. --- No matter how right you are, it’s useless. When it’s time to make money, people get carried away. That’s the cycle. --- That wave of LUNA really changed my understanding of the word "faith." --- Is SOL so popular now? Haha, I’m just waiting to see the next story. --- The fact that the Tongtian Bridge still hasn't fully recovered makes me lose confidence in safety. --- I like the phrase "not pulling people in," so I won’t be the scapegoat later.

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