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Core Points to Prevent Losses in the Cryptocurrency Market
1. Don't Believe in the 'Guaranteed Profit Myth': Anyone claiming 'guaranteed capital with high returns,' '100-fold coins are a sure thing,' or 'insider information will surely rise' is a harvesting trap; real profit opportunities won't be advertised everywhere.
2. Stay Away from Unqualified Platforms: Only choose large exchanges that have compliant licenses and transparent reputations; small, unverified platforms can run off with your funds at any time and may set various 'unlock fee' thresholds when you withdraw.
3. Refuse to Blindly Leverage: High leverage is an accelerator for losses; even minor price fluctuations can lead to liquidation, so beginners should avoid leveraged trading as much as possible.
4. Don't Follow Trendy Altcoins: Avoid obscure tokens that lack technical support, practical applications, or plagiarized white papers; entering these can lead to drastic drops after a price surge.
5. Beware of 'Mentors' and 'Family' Talk: In communities, those calling you 'family' and urging you to go all in are often profiting from your losses or commissions, and blocking you or disappearing is their final move.
6. Protect Your Wallet's Private Keys: Never disclose your wallet's private keys or recovery phrases to anyone; be wary of phishing links from fake airdrops or customer service to avoid having your assets stolen.
7. Strictly Control Investment Positions: Only invest spare money, and ensure your position does not exceed 10% of your disposable income; never borrow or divert living expenses to invest.
Core Points to Prevent Losses in the Cryptocurrency Market
1. Don't Believe in the 'Guaranteed Profit Myth': Anyone claiming 'guaranteed capital with high returns,' '100-fold coins are a sure thing,' or 'insider information will surely rise' is a harvesting trap; real profit opportunities won't be advertised everywhere.
2. Stay Away from Unqualified Platforms: Only choose large exchanges that have compliant licenses and transparent reputations; small, unverified platforms can run off with your funds at any time and may set various 'unlock fee' thresholds when you withdraw.
3. Refuse to Blindly Leverage: High leverage is an accelerator for losses; even minor price fluctuations can lead to liquidation, so beginners should avoid leveraged trading as much as possible.
4. Don't Follow Trendy Altcoins: Avoid obscure tokens that lack technical support, practical applications, or plagiarized white papers; entering these can lead to drastic drops after a price surge.
5. Beware of 'Mentors' and 'Family' Talk: In communities, those calling you 'family' and urging you to go all in are often profiting from your losses or commissions, and blocking you or disappearing is their final move.
6. Protect Your Wallet's Private Keys: Never disclose your wallet's private keys or recovery phrases to anyone; be wary of phishing links from fake airdrops or customer service to avoid having your assets stolen.
7. Strictly Control Investment Positions: Only invest spare money, and ensure your position does not exceed 10% of your disposable income; never borrow or divert living expenses to invest.
New On-Chain Economy (LINK): The Connecting Bridge for Off-Chain Data and the Trusted Interaction Hub of Web3
Chainlink (LINK) is centered around a decentralized oracle network (DON), addressing the industry's pain points of 'trustworthy off-chain data acquisition' for smart contracts, becoming a key connecting layer between blockchain and the real world, driving Web3 from a closed chain to a 'chain-reality interconnected' value loop. Its technical robustness, ecological network effects, and institutional recognition make it a core pillar of Web3 infrastructure. 1. Technical Core: A trust-minimized off-chain data transmission system The core of Chainlink is built on decentralization and cryptography to create a 'trustworthy data channel', fundamentally addressing the 'oracle security issue'. The technical architecture focuses on security, efficiency, and scalability.
Ripple (XRP) is a typical case in the cryptocurrency world where retail investors are harvested due to compliance risks.
In December 2020, the U.S. Securities and Exchange Commission (SEC) officially sued Ripple Labs and its two executives, accusing them of raising over $1.3 billion through the issuance and sale of XRP in an unregistered manner over a period of 7 years, violating U.S. securities laws by treating it as "unregistered securities."
Once the news was announced, the price of XRP plummeted by more than 50% in a short period, and many mainstream cryptocurrency exchanges around the world urgently delisted XRP trading pairs to avoid risks, directly causing retail investors holding XRP to lose liquidity, making it difficult to sell and stop losses, leading to huge losses in an instant.
This lawsuit has lasted for several years, during which the price of XRP has fluctuated violently around key court hearing points, with speculators taking advantage of both positive and negative news to engage in frequent trading, buying low and selling high, harvesting retail investors who chase prices up and down.
In 2023, the court made some favorable rulings, determining that the behavior of retail investors purchasing XRP does not constitute a securities transaction, but the characterization of sales at the institutional level remains controversial, and the compliance uncertainty of XRP has not been completely eliminated, with the subsequent price still at risk of being manipulated by news.