Here is how an investment of $5000 turned into $4.20
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A lot of crypto traders and investors don’t like hearing about the risks involved in cryptocurrency and a lot of crypto investors don’t like hearing or talking about the dangers of investing in cryptocurrencies
Well, we are here to talk and discuss about it
Do you know, about 2 years ago $LUNA was trading at $119, as of that time a lot of people reading this knew nothing about cryptocurrency
In 2022, a member of our community bought some bags of LUNA during it’s all time high, this bullish investor after making research saw and discovered the potential of LUNA, so he bought some with $5000
With the $5000 he was able to get over 41 LUNA, it was a great and strategic investment 🔥
He bought $5000 worth of LUNA in the month of April 2022 and by May-13-2022 his $5000 was equivalent to less than $4
LUNA had crashed from $119 to $0.00000189 within a month
Some traders on X shared screenshots of them losing $50,000 from the crash, some lost $100,000 and some lost way above $100,000
Any cryptocurrency apart from bitcoin can experience this same crash
$SOL can crash if the team and developers are not careful, cautious and consistently working up to date
$ETH can crash anytime if the team and developers are not careful,cautious and working up to date
Any of these projects can suffer security breach if they are not careful and properly secured and if they suffer one,they would be massive sell offs
Crypto is full of risks, not everyone would
Make profit, not everyone would be able to endure the dumps and losses
In all you do, just make sure you are on the winning side, make sure you are on the green side
We are no trying to create FUD, we are just reminding everyone about the risks involved in trading and investing into cryptocurrencies
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