Let's talk about this classic FIL case. After reaching its peak at 500 dollars, the first wave fell 50% to 100 dollars, the forum was filled with "down 80% brothers, enter a position" advocates. The result? Foolish buyers just entered, and the price was immediately cut again by 80% towards 20 dollars.

It is getting busier now—"20 dollars at the lowest price! Everyone in!" A group of others burst in, then the price of the coin with an 80% drop tells them what is called cruel: 5 dollars. Do you think this story is over? From 500 down to 5 is already a drop of 99%, it should have reached the lowest point, right? The market does not believe it, there are still those trying to catch the lowest price, the result now lies around 1 dollar.

The problem is: who can guarantee that this 1 dollar is the endpoint? Is it possible that we will see a fall of 80% straight down to 0.2? The most common mistake made by retail investors is to console themselves with "it has already fallen XX%", but they forget that the decline itself can repeat indefinitely. Remember, there is no lowest, only lower, don't let the numbers on the screen make you lose awareness of the risks.