⚠️⚠️ The 5 Major Traps of Cryptocurrency Trading, Beware of Your Wallet.
1. High Yield Scams: Some platforms promote high returns, promising guaranteed profits, with annual returns exceeding 100%. Avoidance Suggestion: High returns often come with high risks, carefully verify the project's background, and don't easily believe in 'free lunches'.
2. Fake Wallets and Phishing Websites: Fake wallet apps and phishing websites disguise themselves as legitimate platforms to steal user assets. Avoidance Suggestion: Only download official apps or visit official websites to ensure safety.
3. Contract Trading Liquidation: High leverage in contract trading carries significant risks, and market fluctuations can easily lead to liquidation. Avoidance Suggestion: Control leverage ratios, act within your limits, and don't go all in.
4. Shitcoins Running Away: Many shitcoins quickly drop to zero after short-term speculation, and sometimes the project teams 'run away'. Avoidance Suggestion: Choose projects with larger market capitalizations and practical applications, and avoid investing in newly launched coins with unclear information.
5. Private Placement and ICO Scams: Some ICOs and private placement projects hide scams, with project teams absconding with funds. Avoidance Suggestion: Be cautious when participating in early-stage ICOs and private placements, and verify the legitimacy and transparency of the projects.
Recently, I plan to ambush a potential coin that has the chance to explode, doubling is quite simple, with an expected potential of 10 times or more.
Those who want to follow along, please like and comment.