The fall in the price of the different markets, including the cryptocurrency market, is a cause for concern for some, for others a possible opportunity. Who hasn’t heard of “Buy the Dip”? or “buy bottom?” however, the bottom you buy could be the top tomorrow, as was the case with a Luna investor who thought he would take advantage of the recent drop to buy the coin on offer.
Known as KSICRYPTO on Twitter, the user commented about 2 days ago that I would take advantage of the moon’s descent to buy at a good price. Even commenting that this would be a great opportunity or the worst deal of his life. And he did not invest little, KSI bought no less than 100 thousand LUNA tokens.
“In total I bought about 100,000 Luna. I’ll put it in a wallet and see what happens in the next few years. It could be the best or the worst negotiation of my life. I saw an opportunity and I had to take it.”
In total I have bought about 100,000 Luna. Sticking it in a wallet and gonna see what happens in a few years. Could be the best/worst trade of my life. I saw an opportunity and I had to take it.
— KSICRYPTO (@ksicrypto) May 10, 2022
It would not take long for the investor to regret that decision when the coin dropped over 95% in less than 24 hours. As a result, KSI’s investment unraveled in a matter of hours, causing the investor to lose millions.
He initially expressed some hope with the cryptocurrency, even buying more despite Luna’s “sad situation,” but signs of regret soon began to appear on Twitter.
“Welcome to the cryptocurrency market. That’s why you don’t put 100% of your fortune into something. Put your eggs in different baskets, from real estate to stocks and works of art, etc.”.
Welcome to crypto. This is why you can’t put 100% of your wealth into it. Put your eggs in different areas from housing to stocks to paintings to watches etc.
— KSICRYPTO (@ksicrypto) May 11, 2022
In the last two days, LUNA had a catastrophic move that was triggered by the UST stablecoin, losing the ballast against the dollar. This is one of the most shocking cases of the yearmainly because it took many by surprise, since it was a currency and a project loved by investors and that, for many, did not seem to be a scam.
For KSI, trusting the currency when it started to fall cost a lot, more precisely a few million dollars.
“My $2.8 million is literally worth $1,000. HAHAHAHAHA Yeah, I’m trying to negotiate.”
My 2.8 million dollars is literally worth $1000
HAHAHAHAHAAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHA. Yeah I’m packing this in 😂😂😂😂 pic.twitter.com/qeiVN5yG2w
— KSICRYPTO (@ksicrypto) May 12, 2022
In the end, KSI said that he spent his whole life chasing money to the point where nothing else mattered and he no longer wanted to live, so after therapy and rethinking his life, this kind of situation didn’t matter. something catastrophic that will finish him off, stating that after some time to think, he is now at peace with the situation.
“Now I am finally at peace with myself. I just invested 2.8 million in the purchase of LUNA and now it is worth less than $50K. But that’s okay, because I’m not dead. I have my family, my friends, and my vigorous work ethic, haha.”
Although KSICRYPTO lost a fortune, here is an important lesson about the crypto market: it is important to always be very careful with your investments.