🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Does the ups and downs of the crypto world really scare people to death?
#BTC#
The current employment situation of college students:
When girls do live streaming, they order takeout when they're hungry.
The boy delivers takeout and watches live broadcasts when he's tired.
The current situation of contemporary cryptocurrency speculators:
If you make money, just order a girl. If you lose money, go deliver takeout.
Taking the most classic example of LUNA, suppose you have 10,000 LUNA, which was worth 1 million UST when you went to bed last night. When you woke up, it dropped to 700,000 UST. You may think that only a 30% retracement is nothing in the crypto world, and that UST only lost 10% of its value. You trust DoKwon, so you went to bed comfortably. The next day, it dropped to 10 UST, and you thought that it had fallen by 99% and could not possibly fall any further. You caught the bottom and bought 200,000 LUNA, thinking that if it rises to 10 UST, it will be ten times the profit. You were happy, but then you couldn't sleep and kept watching the price, hoping it would rise again. However, you could only watch the price drop from 1 to 0.1, and then to 0.000001, until it was finally delisted. In the end, your 1.2 million UST assets shrank to the cost of a breakfast in just three days. You were completely devastated.
Except for luna, the crypto world is very different from the TradFi market. First, it operates 24/7 without any rise or fall pause. Second, the entry barrier to get on board is extremely low. Third, there are a large number of people abusing leverage. Fourth, there is no limit to the rise and fall of AltCoins. Especially when the third, fourth, and fifth points are combined, you can get rich overnight and get liquidated the next night, which is considered normal. Be cautious with leverage, everyone. You may think that a 5x leverage is already low, but every year there are days with over 20% fluctuation due to leverage. The more it falls, the harder it is to stop the car, eventually leading to a series of liquidations. Why did ETH reach over 800 in this bear market? Isn't it because the on-chain liquidation price is clearly visible, allowing funds to get dumped and pick up cheap corpses?