I do not recommend or encourage playing funding platforms. I share my views without standing on a moral high ground to criticize anyone. I hope that while playing funding platforms, you can gain a different perspective from my own experiences and shift a small part of your attention to the mainstream coin market.
When trees move, people live. Perhaps by changing our environment, we can achieve great things. Be a good person, buy good coins, do good deeds, and you will be rewarded!
Newbies, take a closer look!
1. Only play the latest funding platform projects, only participate as one of the first batch of people, and do not get involved with projects that have just launched.
2. In the history of funding platform projects, if they collapse after about a year of operation, they can be called 'divine projects.' If a project has been operating for over a year, do not enter it no matter what.
3. Some people may say that certain online projects went bankrupt within a month and the first batch of participants got cut. Don't be anxious, then you need to look at the third point: only participate in projects whose main entity is in the domestic area. Visit their physical company for inspection. Don't just listen to the operators bragging while eating, drinking, singing, and getting massages. After you wake up the next day, go to the property where the company is located, give a pack of cigarettes to the property staff and ask how long the company has paid for the property fees and rent on that floor. If they say they paid three years in advance, it’s relatively stable; otherwise, you understand.
4. Check the rental term of the company's app and website server. If it's only rented for a few months, it is destined not to last long; this is something that most people understand.
What signs indicate that the project is about to fail?
① Sudden increase in promised high returns or difficulty in fulfilling them
② Frequent changes in withdrawal rules and increased thresholds
③ Abnormally increased promotional efforts creating false prosperity
④ Unusual internal personnel changes or information blockade
⑤ Increase in negative news and start of comment control
⑥ Sudden adjustment of the model, deviating from core business
⑦ Senior personnel going missing or transferring assets
Simplicity is the ultimate sophistication. If you want to avoid losing money in funding platforms, then the best solution is simply not to play. The way that can be spoken is not the eternal way; the name that can be named is not the eternal name. If you don’t play the game, the game won’t play you. Without the game in your heart, naturally, there will be no game in the world. The righteous path in the human world is fraught with hardships; not betting is the way to win.
What is blockchain? (In a way that the average person can understand)
Blockchain is essentially an 'open ledger' that cannot be arbitrarily modified, and this ledger has no owner or center; everyone maintains it together.
Its essence is: every transaction can be verified by everyone, and no one can secretly change it.
In simpler terms, it is like:
Everyone plays mahjong together, and whoever wins or loses writes it down in a notebook. Everyone has a copy, and once it's written down, no one can change it—this is the 'decentralization' and 'immutability' of blockchain.
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