2026-01-16 05:30:12

Forget about the calculations, it’s a bit heartbreaking.

Three years ago, many people went all-in on the crypto market. Investing 1 million in Filecoin, now only 80,000 left; similarly, going all-in on ICP with 1 million, only 30,000 remains; EOS’s situation is relatively better, with about 250,000 left; LUNA is just outrageous, basically wiped out, leaving only 0.5 yuan; Chia mining was also a dream, 1 million now only 20,000; the hype around STEPN shoes has faded, leaving just over 50,000; FTT is completely wiped out; and some smaller coins are even more brutal.

This is the true picture of the crypto market—everyone loves to talk about making money, but the lessons from losing money are even more worth pondering. The market always tests human nature; coin rotations, hot spot shifts—you never know which project will become the next collapse case.

Before investing, ask yourself: how much drawdown can you withstand? If this money is lost, can life go on? If the answer is no, then you should think more about risk management.

FIL-0,81%

ICP0,89%

LUNA-0,01%

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MEVHunterWang

· 01-17 09:56

LUNA went from 1 million to 0.5 yuan, I will never forget this. That wave of ICP was even more incredible; what can you say about 30,000 yuan? When FTT was wiped out, I knew that there are no eternal gods in this circle.

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HashBandit

· 01-17 04:46

honestly filecoin's collapse hits different when you do the gas fee math... back in my mining days we thought storage coins were the future lol. now it's just another cautionary tale about why L2 adoption matters so much. power consumption analysis would've saved so many people from chia disaster alone.

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BearMarketHustler

· 01-16 06:00

All-in gamblers are warriors, those who reset are martyrs. That LUNA move was truly brilliant. All I can say is that playing crypto requires mental preparation for zeroing out. Who would dare to go all-in after this wave? Lessons must be learned. Stories of losing money are indeed more convincing than stories of making money. During the FTT reset, how many people were still bullish? Risk management is really not just talk; it's a lifesaver. Filecoin dropped from 1 million to 80,000; how desperate was this retracement? Who still wears STEPN shoes now? It's long settled. Basically, it's about greed making quick profits, and now we need to recover quickly. The next project that "will definitely rise" probably isn't far off, cycle after cycle.

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BTCRetirementFund

· 01-16 05:57

The moment FTT was wiped out, I knew that those who previously shouted "faith" should calm down. Going all-in is truly a gambler's game; 1 million left with only 30,000... how ruthless is that. That wave of LUNA made me realize that no matter how strong the narrative is, it can't withstand a sudden crash. Honestly, I really can't understand the mentality of still going all-in; losing half is already tough enough. The mining dream has turned into a pile of chicken feathers, and how many people were fooled by Chia. That's why I only dare to play with idle funds now; otherwise, I really can't sleep. People who can withstand a 5x drawdown are rare; most still need to protect their principal as the top priority.

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just_another_wallet

· 01-16 05:40

Damn, looking at these numbers really makes me want to smash my phone.

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YieldWhisperer

· 01-16 05:40

filecoin to 8%, icp to 3%... actually the math doesn't check out worse than the tokenomics themselves. saw this exact death spiral pattern back in 2021 with three other projects. classic unsustainable model meets retail fomo.

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