Chapter One: The Night of the Blood Rose (2022)
"This DeFi project has a daily return of 3%!" My brother Xiao Yu sent me the invitation code late at night. At that time, I had just cashed out 20,000 with Huabei to enter the market. Three days later, my account showed 68,000, but I found out during redemption that I had to pay an 'ecological tax' and 'liquidity compensation' — ultimately, I withdrew 198 yuan. The wind by the Huangpu River that night was particularly cold, and my phone popped up with Xiao Yu's apology: "I also got stuck with 150,000..."
💡 Awakening Fragments:
✔️ Annualized over 100% ≈ Ponzi scheme
✔️ Real DeFi project code must be open source (check Github)
✔️ Beware of 'dynamic yield' Ponzi schemes
💥 Tuition Fee: -20,000 yuan
☀️ Chapter Two: The Absurd Contract Season (2022)
"Ethereum's merge will surely skyrocket!" The big shot in the follow community went all in on 50x leverage, but encountered a 'long and short explosion' on the eve of the upgrade. At 3 AM, I watched helplessly as 1.8 BTC of margin went to zero, while the KOL had already deleted the trading records. The most ironic thing was that the next day I found out that the community was actually operating both long and short signal groups simultaneously.
💡 Blood and Tears Rules:
✔️ Major good news must first plummet to wash out positions
💥 Tuition Fee: -380,000 yuan
🌪️ Chapter Three: Dark Forest Warfare (2023)
I jumped into a shitcoin with my last 50,000, and in the Telegram group, I witnessed a 'scientist' use a bot to scoop up all the chips in 0.1 seconds. When the project team suddenly changed the token tax rate to 30%, my assets instantly shrank to three digits. On-chain data showed that the whale wallet had already pre-embedded 30% of the tokens before the project launched.
💡 Survival Code:
✔️ Be cautious with new coins on the BSC chain (90% are Pihu market)
✔️ Check if the token contract is open source (any hidden functions)
✔️ Use Debank to check the distribution of coin holding addresses
💥 Tuition Fee: -50,000
🌈 Final Chapter: When Dawn Breaks (2024)
Follow the compliant exchange to learn about dollar-cost averaging BTC, monitor whale movements with Dune Analytics, and check the overall network leverage ratio on CoinGlass to avoid long and short squeezes.#加密总市值创历史新高 #BTC重返12万 #ETH突破4300 
