Brothers, the stories of getting rich in the crypto world sound really great! But as the old saying goes, you only see the thief eating meat, not the thief getting beaten! Today, let's talk about a true story, and I guarantee you'll feel both passionate and clear-headed after hearing it!
At the beginning of last year, a brother with the username 'DMT.eth' made a huge profit! He spent 263 yuan to buy an astronomical figure—5.9 trillion PEPE coins! At that time, this frog meme coin was seen as pure 'air' and trash by many people, who were just waiting for the joke!
The more others scolded, the more he bought! This brother was convinced of one principle: this addictive frog meme would definitely go viral! As long as it heats up, everyone will rush in due to FOMO, and the price will skyrocket!
What's the result? Guess what? In just 5 months! His 263 yuan skyrocketed like a rocket to 25 million RMB! A full 260,000 times return! This number nearly made my eyes pop out! Truly a rich myth!
But! Here comes the key point! Where did this money come from? If you understand, it will send chills down your spine!
Exchanges 'fanning the flames': When major platforms like Binance and OKX listed PEPE, they even introduced 100x contracts! Good heavens, in just one day, the contracts blew up, wiping out 380 million USD! How much hard-earned money from brothers turned to ashes in an instant? Where did that money go? Think about it!
Big players are the 'decision-makers': Several big whales hold over 35% of the coins! They can pump the price whenever they want, and they can dump it whenever they want! When the price is high, they sell off and cash out, leaving the retail investors standing confused in the wind...
Young people treat it as a 'turnaround chip': The most worrying thing is that many post-2000 brothers see this thing as a 'turnaround lottery'! Some even borrow money and go all in! This kind of play is truly nerve-wracking!
The bloody reality:
78% of coins like PEPE, which rely on memes and hype, basically don’t last more than 3 months before fading away! PEPE itself has also experienced this; it can be halved in value in just one day!
Regulation is no joke! The SEC (U.S. Securities and Exchange Commission) investigates, and Korea directly bans it; once the news breaks, market value can drop by 70% in a heartbeat! You can't escape!
Old investors understand: This thing can't really be considered an investment! What is it more like? It’s like getting drunk in a casino and playing recklessly! Betting luck, nine out of ten losses!
To be honest, here are a few life-saving rules for those who really want to play:
It's best just to listen to rich stories! 78% of people playing this kind of coin run away within 9 days! Why do you think you are the chosen one?
FOMO is poison; it will lead to disaster! When even the aunt buying vegetables downstairs starts talking to you about this coin, run quickly! This is likely a signal that the dealers are about to escape!
Spare money! Spare money! Still spare money! Don’t let your position exceed 5% of what you can afford to lose! Play with some pocket money; if you lose, you won’t feel heartbroken, and you can sleep well at night!
There are more traps than opportunities in a bull market! The hotter the market, the more pitfalls there are! Don’t just think about getting rich; first, think about how to protect your principal!
Want to avoid pitfalls and catch treasures in a bull market?
Follow me to avoid getting lost! I am a tycoon, sharing with you every day: the driest practical tips! No fluff, just teaching you how to avoid pitfalls! First-hand information interpretation! Helping you quickly understand market trends! Clear money-making strategies! Don't be a victim, be an enlightened person!
Let’s follow along! In this bull market, let’s stay clear-headed and make money together!
