For example, analyzing the risks behind it and ultimately emphasizing a rational approach. This not only responds to the theme of 'cryptocurrency myths' but also fulfills the responsibility of risk warning.
Cryptocurrency Myths: The Reality and Risks Behind Get-Rich Stories
Some say the crypto world is a 'wealth-making machine': a programmer who bought pizza for 10,000 bitcoins in 2010 would have assets exceeding 1 billion if he held onto his coins until now; a certain altcoin skyrocketed 1000 times in just 3 months, making early investors of 1000U millionaires... These stories are like stimulants, attracting countless people to rush in.
But the flip side of the myth is a harsh reality: in 2022, LUNA coin plummeted from 119 dollars to 0.0001 dollars, leaving countless gamblers with nothing; in contract trading, 99% of liquidated traders didn't even understand the K-line. Those legends of 'turning 1000U into a million' often omit the truth that '99% of people lose and exit the market.'
The truth is: cryptocurrency myths are essentially 'survivorship bias.' While there is indeed a minuscule probability of wealth explosion under high volatility, more people become stepping stones when the bubble bursts.
Our country explicitly prohibits the trading and speculation of virtual currencies. Blindly chasing after 'myths' may even mean being unable to preserve the principal. A rational view on virtual currencies and staying away from speculative trading is the most basic respect for wealth.