There is still clear flow in the currency circle
Think about it, this industry is indeed quite bad, almost everyone is the richest person, but fortunately, you can still see many different people, they just make the money they can and just want to benefit from the development of the industry. To obtain profits, you don’t want to cut off anyone.
For example, I wrote FriendTech very early in the Chinese area, but I have always operated it in a Buddhist way. If you buy it, I will provide you with a little price, but I don’t want to earn this tax, because this is actually a bureau:
The project organizer told a story: KOL came over to operate, and retail investors came in to pay tickets first. At the same time, knowing that everyone likes to speculate, the tickets can be speculated again - all speculations are tax-deducted.
In this way, the project party uses profit distribution to attract KOLs, and KOLs are attracted by the benefits to attract retail investors, and retail investors participate in the game out of speculation. Due to the existence of high taxes, although the social story does not make sense at all, the project party still makes money even if no coins are issued. Numb.
Don’t believe those narratives that make you think the product is a world-changing product as soon as it becomes popular. It’s possible that he says this out of profit.
Issuing coins is also a sure profit for the project side. After issuing the coins, just continue to tell a story and then keep selling coins, refer to APE.
Just like BAYC, it was very successful at the beginning, inviting celebrities, issuing airdrops, selling new monkeys, selling land, and earning handling fees - but this does not affect the essence of this kind of project, which is similar to a scam.
Bitcoin is not a tulip bubble, but BAYC and most projects in the currency circle have this characteristic.
How to view and participate in bubbles actually divides people into different types. Taking FT as an example, how you choose to participate in it will reflect your own identity to a certain extent. If you just buy other people's KEYs everywhere, hoping to make money by buying low and selling high, and at the same time, you do not think about the nature of this FT. I don’t even understand directly.
Well, sorry, you are the source of revenue in this game. In jargon, it’s a really big leek.
If you are a KOL, you really want to operate, provide some value to users, and make some profits at the same time. It makes sense, but it still lacks some thinking, because if you want to provide value, it seems that you don’t have to let everyone make a cut through tax first - unless it is his experience of chatting and all other tools. All are irreplaceable.
But obviously, this tool is not worth mentioning.
This is actually the first principle in thinking. When I want to use this tool to provide value to users, the core is value, not gameplay and tools. And when this tool is particularly bad, you need to understand that the core of this matter is not to provide value, but a dual game: the project party ropes in KOL to harvest retail investors’ IQ taxes and money.
Then continue to think about it from first principles: Will such a project be the future of the currency circle? Definitely not, but he is a very classic case of currency harvesting.
If you know all this and still play the game well, then I admire you, you did what Soros said: "The economic history of the world is a series based on illusions and lies. To gain wealth, The trick is to recognize the illusion, get involved, and then get out of the game before the illusion becomes public knowledge!”
Of course, I don't really like it. Therefore, I don’t take any of the handling fees I earn from my room, and repurchase all of them for the exit liquidity of my supporters. At the same time, I chat about potentially useful content in the group from time to time, and tell the shareholders my thoughts on this game in the room. Understand - so that they don't feel any pressure when they want to sell me.
Think about it, this industry is indeed quite bad, almost everyone is the richest person, but fortunately, you can still see many different people, they just make the money they can and just want to benefit from the development of the industry. To obtain profits, you don’t want to cut off anyone.
For example, I wrote FriendTech very early in the Chinese area, but I have always operated it in a Buddhist way. If you buy it, I will provide you with a little price, but I don’t want to earn this tax, because this is actually a bureau:
The project organizer told a story: KOL came over to operate, and retail investors came in to pay tickets first. At the same time, knowing that everyone likes to speculate, the tickets can be speculated again - all speculations are tax-deducted.
In this way, the project party uses profit distribution to attract KOLs, and KOLs are attracted by the benefits to attract retail investors, and retail investors participate in the game out of speculation. Due to the existence of high taxes, although the social story does not make sense at all, the project party still makes money even if no coins are issued. Numb.
Don’t believe those narratives that make you think the product is a world-changing product as soon as it becomes popular. It’s possible that he says this out of profit.
Issuing coins is also a sure profit for the project side. After issuing the coins, just continue to tell a story and then keep selling coins, refer to APE.
Just like BAYC, it was very successful at the beginning, inviting celebrities, issuing airdrops, selling new monkeys, selling land, and earning handling fees - but this does not affect the essence of this kind of project, which is similar to a scam.
Bitcoin is not a tulip bubble, but BAYC and most projects in the currency circle have this characteristic.
How to view and participate in bubbles actually divides people into different types. Taking FT as an example, how you choose to participate in it will reflect your own identity to a certain extent. If you just buy other people's KEYs everywhere, hoping to make money by buying low and selling high, and at the same time, you do not think about the nature of this FT. I don’t even understand directly.
Well, sorry, you are the source of revenue in this game. In jargon, it’s a really big leek.
If you are a KOL, you really want to operate, provide some value to users, and make some profits at the same time. It makes sense, but it still lacks some thinking, because if you want to provide value, it seems that you don’t have to let everyone make a cut through tax first - unless it is his experience of chatting and all other tools. All are irreplaceable.
But obviously, this tool is not worth mentioning.
This is actually the first principle in thinking. When I want to use this tool to provide value to users, the core is value, not gameplay and tools. And when this tool is particularly bad, you need to understand that the core of this matter is not to provide value, but a dual game: the project party ropes in KOL to harvest retail investors’ IQ taxes and money.
Then continue to think about it from first principles: Will such a project be the future of the currency circle? Definitely not, but he is a very classic case of currency harvesting.
If you know all this and still play the game well, then I admire you, you did what Soros said: "The economic history of the world is a series based on illusions and lies. To gain wealth, The trick is to recognize the illusion, get involved, and then get out of the game before the illusion becomes public knowledge!”
Of course, I don't really like it. Therefore, I don’t take any of the handling fees I earn from my room, and repurchase all of them for the exit liquidity of my supporters. At the same time, I chat about potentially useful content in the group from time to time, and tell the shareholders my thoughts on this game in the room. Understand - so that they don't feel any pressure when they want to sell me.