I accidentally came across a story about $LUNA and found many mistakes. I hope you all avoid making the same mistakes as the person in this story.

Bitter lessons from this story:

1. Believing that "good technology can't collapse" is a huge mistake and a subjective belief.

This is the opening statement of many tragedies. The financial market doesn't operate on belief, much less on ethics or ideals. The technology may be right, the product may be great, the team may be skilled, but the price can still fall to zero if the financial structure collapses. Believing that "good technology means the price won't collapse" is a fundamental misconception between technology products and financial products.

2. Buying after a 15x-20x increase is no longer investing; it's betting at the end of the cycle. This is the clearest sign of FOMO (fear of missing out).

LUNA's rise from $5 to $100 has completed most of its growth cycle. Buying at $85 isn't about "believing in the future," but about clinging to the last stage of the money flow.

3. Borrowing from the bank and mortgaging your property to buy crypto is putting yourself in a no-win situation.

This is a fatal mistake, no need to argue. Crypto is an extremely volatile market, with no insurance, no stop-loss orders, and no one to save you when it crashes. Using real-life leverage to gamble on such an asset is risking your entire life for one bet. A loss means losing everything; there's no chance to start over.

4. Without a profit-taking plan, that's not investing.

Without an exit plan, when you don't know where you'll sell, you're not controlling risk, you're leaving your fate to the market. And the market is unforgiving.

5. Identifying yourself with the project is the fastest way to collapse.

When someone challenges you, you consider them someone who doesn't understand technology. When prices fall, you convince yourself the market is wrong. When everything crashes, you crash with it. This is no longer investing, but blind faith.

6. DeFi is not to blame.
Blaming DeFi is a way of avoiding responsibility. DeFi is just a tool. If users are wrong and risk management is poor, any market will crush them.

7. The most bitter lesson: the market doesn't care about your life.

The market doesn't know you borrowed money. It doesn't know you have a family. It doesn't know you bet everything. It only operates on cash flow and probability. Anyone who doesn't understand that, anyone who brings personal emotions and beliefs into this, will be ruthlessly eliminated from the game.

8. Conclusion.

- No asset is "impossible to crash."

- No technology protects you from financial mistakes.

- Never go all-in. - No exit plan is gambling.

— The LUNA story isn't uncommon. It's just a painful example to reiterate a truth: In this market, nothing lasts forever. The survivors aren't the strongest believers, but those who understand what they're playing.