$Light dropped 80% in two hours, almost a fivefold decrease.
How many retail investors have been fleeced, losing everything? With this kind of price action, even setting stop-loss orders, especially with large positions, makes it impossible to exit, and slippage is extremely high.
How can ordinary users compete with these big players? They are masters at manipulating retail investors' psychology. They have financial advantages, and more importantly, information advantages; they're adept at insider trading. When they dump the market, when they start harvesting, ordinary users have no idea; they're just fish on the chopping block.
This is why I advise everyone to avoid altcoins. The risk-reward ratio is too low, compound interest is impossible, and accumulating capital is far more difficult than with Bitcoin and Ethereum, especially in a bear market—the pool is shallow and teeming with turtles.
Take a gamble in a bull market, but avoid a bear market. Protect your principal; every penny you have now could be dozens of times more capital in the next bull market.