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If I had bought $1,000 worth of LUNA in 2022 and watched it go to zero
Entered the market in May 2022
LUNA was $80 at the time, and the market was shouting "Algorithmic Stablecoin Revolution." I sold stocks and bought $1,000 worth (12.5 LUNA). A friend advised me to cut losses, but I said, "Do Kwon is a genius."
May 10, 2022 Nightmare begins
LUNA drops to $30, I add another $500.
May 11, LUNA drops to $5, I add another $300.
May 12, LUNA drops to $0.01. My account becomes $0.20.
What did I do?
I didn't cut my losses because I was crazy. I swapped the remaining $0.20 into LUNA, watching it struggle on the brink of zero. Then the exchange delisted it, and my LUNA turned into a string of useless code in my wallet.
Starting over in 2023
I spent half a year working to pay off debt. In 2024, I re-entered Gate and started posting from scratch to earn red envelopes. Every time I earned $10, I would dollar-cost average into BTC. I avoid any "stablecoin" projects.
April 2026
My account has 0.3 BTC (about $20k). Not much, but every cent is hard-earned money. A few days ago, someone posted asking "What if I bought LUNA in 2022," and I replied, "It would turn into me, then I’d spend four years rebuilding myself."
Lesson: Don’t blindly trust “stability,” and don’t go all-in on narratives. True stability comes from position management and an instinctive fear of risk. Also, never add to your position on the road to zero. $LUNA