I just went back over it.

This time, the collapse of South Korea’s storage stocks
and the Luna collapse in the crypto world back then
—what do they have in common?

1️⃣ They’re all South Koreans (this is important 🤣)
2️⃣ The “unshakable” narrative leads to FOMO
3️⃣ Retail investors participate with high leverage
4️⃣ Once confidence breaks, it enters a downward spiral
5️⃣ High concentration leads to a “systemic” shock
#History won’t simply repeat itself, but it will play out again and again