Today, the BTC price broke through $30,000 and has just returned to the price level in June 2022; from the low of $15,476, it has doubled.
I wonder if there are people who bought the bottom at 15k in November last year. If you bought a BTC at 15k at that time, you would have made 15k USD in half a year. Of course, this is an ideal situation. Some friends waited for 10k at 15k. I wonder if they changed their strategy later.
There is no obvious pattern in the fluctuations of the crypto market. Profits are earned by luck, but losses are lost by skill.
A friend of mine lost more than 7,000 US dollars today because he set up multi-signature in his wallet.
He said that he randomly clicked on a link on a chat software and didn't know what operation he did, but now the balance in his wallet cannot be transferred out.
After checking various situations, I found out that multi-sig was set up, but I couldn’t figure out whose wallet had it set up. Now I can’t do anything and can’t withdraw the balance.
Due to the decentralization of blockchain, wrong operations are irreversible. If the mnemonic phrase is leaked or the wallet is over-authorized, the wallet assets will be zero in an instant.
New players can easily have their wallets stolen if they are not careful, and old players can also easily lose all their money if they are not careful. If you don’t pay attention to some link, the wallet mnemonic will be leaked and your money will be directly lost.
A few days ago, the Sunflower remote tool exploded. The tool that was clearly working well before was directly activated remotely in the bear market and stole wallets;
SushiSwap was hacked these two days, resulting in a loss of 3 million US dollars for the project party. Individual users who have previously enabled RouterProcess2 authorization must revoke the authorization in a timely manner, as the wallets that have interacted with it have been compromised again.
There are also various node tools, browsers, and even various web3 gadgets. As long as the wallet has been logged in, there may be risks because you don’t know which link will leave security risks.
Are there players discussing how to avoid having their wallet stolen?
The first point is not to trust yourself too much, because subjective operations will definitely lead to errors. If you don’t know which project to log in to or which authorized contract, there will be risks.
Do not keep large amounts of assets in wallets that you interact with frequently. The blockchain is hard to guard against, and if you authorize assets at will without understanding the code, theft can happen in a matter of minutes.
Those who sent private messages on social platforms are also scammers. No project owner will take the initiative to contact you about the winning information. Freemint’s announcements are basically fake.
Every time an airdrop message is released, the links for claiming airdrops in social media groups are basically phishing websites.
If you have interacted before, you may not receive airdrops, and if you have not interacted before, it is even less likely to receive airdrops.
The market has thresholds, so you need to be cautious when entering.
In the crypto market, especially in a bear market, platform collapses are common, and wallets that do not know their mnemonics are unreliable.
It is not easy to gain profits in the market. You will lose money even faster if you recharge quickly. Most people will lose all their money in the market and then leave; only a few people can quietly exit with profits.
Even though Bitcoin rose by 7 points today, only a few people were able to benefit from it. It increased by 2 times from 15k to 30k, but only a few people seized the opportunity.
In the entire crypto market, volatility is continuous, and only those who grasp the big trends will be the winners, but opportunities are never directly revealed, and are full of twists and turns, making it difficult to distinguish between true and false.
Every time the market goes up, there are many people discussing and fomor entering the market; but when the market goes down, there are opportunities, but few people take action after the market goes down.
There are news in the crypto market every day, and it may explode at any time. You must be cautious when group members call for orders, because only your wallet belongs to you, and the market is coveting your wallet. Keep your wallet safe at all times.
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the Metaverse and web3.
