In the days when 0G was launched, there was a high-yield fixed-term investment activity. At that time, I reminded fans to be careful as this was a trick set up by the project team. By doing this, they borrowed your coins to complete their sales, and everyone, in order to take advantage of this investment opportunity, would buy in and push the coin price up. Once the investment period ended, they would return the coins they held to everyone! If you were really after this small investment yield back then, now you're 100% at a loss and want to jump off a building! 🥹
At that time, Lao Huang even deliberately shorted and called on fans to short together, shorting from the coin price of 5.8 down to around 3.5, and then I lost track of it.
Looking back today, is this going to zero? 😳
Most altcoins are worth 0, I hope retail investors will realize this during this bull-bear cycle 🤬
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