The current hot topic is Luna. It's very sad that a lot of investors bagger due to Luna drama. The more sad thing is some people committed to suicide. Even in my country, it has happened. I will say think kind of situation occurs due to not following two very basic crypto rules. I know everyone knows these rules, but want to share again and remind you what would happen if you don't follow these rules.
1. Don't invest in crypto if you can't afford the loss.
This is a major problem many crypto investors had been facing and it's a difficulty aspect that we need to fix. The more the project an investor makes, the higher the urge of investing more in that project or coin. This is a big challenge which had made many persons to lose big on an investment. Invest what you know you can afford to lose may be difficult to someone that had been making consistent profits from the crypto market.
2. Don't put your eggs in one basket.
We don't have to put all our eggs in one basket to avoid future damage to the basket. This is an investment and anything can happen any day any time. Luna is a good project from start but it ended to be out nightmare. Billions of dollars had been lost and we need to take further precautions to prevent this same heartbreak.