After making money and achieving financial freedom in the cryptocurrency world, some people may become dependent on the cryptocurrency world, because the cryptocurrency world has become a springboard for you to change your class. You will remember it and be grateful for it all your life. At this time, making money is no longer the main goal.
Do not chase the holy grail of trading. No universal formula works for crypto. Market conditions, liquidity and sentiment evolve constantly; rigid methods will eventually become obsolete.
One sentence can bring catastrophic disaster. Just the question What is CNKI? demonstrates the prestige of Peking University,or rather, that even the people inside it aren't necessarily impressive.
Justin Sun, the Rockefeller of the cryptocurrency world, said: If you took away all my property and threw me into the desert, as long as a camel caravan passed by, I would become a billionaire again in less than ten years.
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One of the most foolish things is trying to reason with someone whose values are completely different from yours. In front of benefits, many people discover that romance is not as solid as they imagined.
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Projects bought fake Twitter and Telegram member counts to create artificial hype. Retail investors were lured in. Once they bought, the project collapsed quickly.
In 2022, Three Arrows Capital, a $10 billion hedge fund, blew up from over-leveraged long positions on bitcoin. The founders fled. When creditors came to collect, they found only a few mining rigs humming in the office.
Small exchanges advertised high-yield wealth-management products with daily interest. Many users deposited their coins expecting easy earnings. Suddenly the platform shut down, servers went offline, and all user assets became unwithdrawable, with no way to seek redress.
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A slowly-rising project is not necessarily bad, but a fast-crashing project definitely has flaws.
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Only three certainties exist in crypto: volatility, exploitation, and total-value collapse.
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During Bitcoin forks, many retail investors bet on fork-coin surges and invested heavily. Fork-coins had almost no liquidity and crashed to zero quickly.
A decade or so ago, China's policy of 'not making trouble'was so in line with the Confucian image of ancient gentleness, kindness, courtesy, frugality, and deference. And with Taoism's governance by non-action, a prosperous era emerged. The current situation: no matter what the upper level says, the lower level no longer believes a single punctuation mark. It's like after Kim Jong-un's double meets Putin's double, everyone knows the other is fake and has no authority.
Why can t suddenly skyrocketing coins in Binance Wallet be sold? The highest probability: Honeypot tokens (Honeypot, Pixiu traps), smart contract scams (90% of mysterious skyrocketing meme coins are this type).
Don't borrow money or accumulate credit card debt, otherwise you will become an actor burdened with debt, and the surrounding acquaintance audience will see you wearing an Oscar and playing the clown, laughing happily. You can only experience the hardship when you make money.
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The secret of successful people may be that they rely on small probability luck, but they think they have a high probability methodology. Most of them are lucky fools. Some value investments are just built on sand piles, but they are extremely elaborate on the building itself;
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Whether in crypto or in life, always stay cautious and tread on thin ice; otherwise, one careless mistake can bring disaster not only to you but to your whole family.
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