After the launch of the Mikami coin issued by Yua Mikami, it plummeted 70%, becoming a typical case of speculative bubbles in the cryptocurrency market, providing investors with the following three important insights:
1. Don’t earn money from 'speculative bubbles', only earn certain returns.
The crash of Mikami coin is essentially due to the project party utilizing fan economics to create short-term hype, through high concentration token distribution (50% locked by Mikami herself), low liquidity design (only 15% for liquidity pool), and late-night launch maneuvers to cash out, leading retail investors to become the bag holders. This warns investors to stay away from projects that lack practical use, have low transparency, and rely on short-term speculation, and instead focus on assets with clear value capture mechanisms (such as buybacks, deflationary models) or those supported by real demand (such as BTC, ETH).
2. Be friends with time, beware of 'get-rich-quick traps'.
Meme coins have an average lifespan of only 27 days, most of which lack long-term value support, and the crash of Mikami coin once again confirms this rule. In contrast, Bitcoin's halving mechanism and Ethereum's staking rewards create long-term value through time accumulation. Investors should avoid being driven by short-term FOMO emotions, prioritize mainstream assets, and filter sustainable projects by tracking indicators such as TVL (Total Value Locked) and project revenues.
3. Don’t touch unfamiliar fields, avoid 'information asymmetry harvesting'.
Investors in Mikami coin are mostly fans of Mikami or following retail investors, lacking understanding of the token economic model and liquidity risks, ultimately being 'harvested' by the 'time difference tactics' due to information asymmetry. The complex technologies and mechanisms in the cryptocurrency market (such as DeFi protocols, token unlocking rules) require investors to deeply understand the underlying logic; if unable to independently assess risks, they should choose professional institutions for custody or reduce risks through indexed allocation.
High returns in the cryptocurrency market come with high risks. Only by sticking to one's ability circle, focusing on long-term value, and staying away from speculative bubbles can one survive steadily amidst market fluctuations.
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