The Most Expensive Lesson in the Crypto World: 90% of Losses Start with 'I Can Make an Exception'
Last year, an experiment sent chills down people's spines:
100 newcomers were simultaneously recommended the five major exchanges, and after three months, a follow-up revealed —
87 people switched to 'the top 28 exchanges on non-small number' for various reasons:
"A friend said there's insider information here" (resulting in a series of losses)
"Leverage can go up to 200 times" (now in a rights protection group)
"The initial issuance new project yield is 300%" (went to zero in just 18 hours)
"Transaction fee rebate of 80%" (various price manipulation)
This confirms the most paradoxical cognitive loop in the crypto world:
The more of a rookie you are, the more you believe you can crack the code of the market makers; the more of a 'leek' you are, the more you indulge in the thrill of gambling against the odds.
Reposted from Orange Seat
Transaction fees are unavoidable in trading; what you can do is reduce your trading frequency and get a transaction fee rebate. A rebate is not necessarily better the higher it is; everything has a limit, and going beyond that is fraud. Would you dare to go to an exchange with an 80% rebate? Are you out of your mind?
I only do Binance transaction fee rebate #CPI数据来袭 #币安投票上币 #币安投票下币 $BTC