In the currency circle, speculating on coins will never make as much money as those who hoard coins.
The development time of the currency circle is less than 14 years, and the currency circle is far from reaching a mature stage. The trading behavior of the currency circle is completely outside the scope of supervision. Therefore, overselling and unplugging of network cables on currency circle exchanges are very common. At the same time, the financial power of the currency circle has been amplified, and whether an individual can take advantage of the transaction depends largely on the pattern of funds.
Many people think that they cannot make money in the stock market because they cannot technically meet the financial needs, so they take it for granted that trading in the currency circle is relatively easy. However, the currency circle is more cruel than the stock market. Many people lose money in the stock market, and in the currency circle Lost everything in the circle transaction. In currency trading, especially contract trading, being repeatedly inserted up and down and slapped in the face is a normal operation. It would be strange if the currency circle does not insert pins.
Compared to people who only do trading, hoarding coins is less risky. Among the few famous people in the cryptocurrency circle now, which one of them did not make his fortune by hoarding goods?
The number of good projects in the cryptocurrency world is far lower than you expected
There are a lot of projects in the cryptocurrency circle. If you count them carefully, you can find tens of thousands of projects. However, the homogeneity of these projects is particularly obvious. A Bitcoin code has been copied by many projects. The better ones have made some optimization and modifications, while the worse ones just changed the logo and node. Some even hard forked directly without changing a chain wallet.
Smart contracts have also been played by scammers. Since the surge in Dogecoin and Shib in 2021, I don’t know how many people have imitated them, so there are endless golden dogs, silver dogs, and tenggu. Careful people will find that everyone can issue a contract coin on the contract platform and then create the illusion that the market is about to be pulled. How many people are foolishly waiting for the market to be pulled, but they don’t know that the project party has already taken the money and left. A simple logic: Who will tell retail investors before the market is pulled so that retail investors can make money?
Good projects are always those blockchain projects with practical applications, because the general trend will inevitably develop in the general direction. As long as we find the direction of blockchain development in the next stage, we will find our own track.
In the cryptocurrency world, the level of awareness is actually very low
The cryptocurrency circle is a mixed bag. Some people don’t even know how to use a mobile phone or a computer, yet they dare to hang around in the cryptocurrency circle.
Some people believe even the most absurd lies, such as "super-sovereign currency", "direct exchange by banks", "government approval", etc. Some people participated in the sign-in points program, thinking that signing in is mining, so they also participated in many sign-in points programs. After participating in many programs, they dared to call themselves "experts in mobile phone mining and focusing on mobile phone mining".
Many people don’t even know what blockchain is, but they rush in headfirst. Some people don’t understand it themselves and don’t bother to learn. Some people don’t want to use their brains and won’t do anything with even slightly complicated knowledge or operations.
This society is very realistic. Being simple and brainless are reserved for the dead.
There are more tricks in the cryptocurrency world than you think
Maybe you have been scammed or are on the way to being scammed. As mentioned before, the moral bottom line in the cryptocurrency world is very low, so there are many scams. Here are a few simple ones.
Some use smart contracts with almost zero costs to trick others into buying at high prices; some use the name of airdrops to get users to click on ads on specific websites to earn airdrops; some promise high interest rates on pledges to trick others into pledging their money to a specific account, and then run away with the money; some have built a website to trick people into recharging their memberships and share dividends with others; there are communities that only allow buying but not selling; some are not even on the blockchain, but claim that you can make money by walking, running, and liking posts.
