The Essence of the Cryptocurrency World: A Carefully Designed 'Wealth Illusion'
The essence of the cryptocurrency world is to raise money, with every stage from project initiation, market speculation to the final harvesting filled with tricks and traps.
In the cryptocurrency world, a project begins the 'drawing a pie' process from the moment it is initiated. A beautifully crafted white paper is filled with grand concepts and visions, but often lacks actual technical details and business logic. These white papers are usually written by professional marketing teams with the aim of attracting the attention of investors.
After the project is initiated, the next stage is market speculation. The manipulators control a large amount of chips to create market fluctuations. During a pump, the manipulators buy heavily, driving the price up rapidly and attracting more investors to follow suit. During a dump, the manipulators sell heavily, causing the price to plummet and triggering market panic. This 'game' of pumping and dumping makes ordinary investors lose their way in the market fluctuations, ultimately becoming the manipulators' 'prey'.
When the market heat reaches its peak, the manipulators begin to harvest and exit. They sell the chips in hand at high prices to ordinary investors through pre-arranged layouts and then quickly withdraw from the market, leaving ordinary investors stranded at high positions, helpless in the face of plummeting prices.
The tricks to raise money in the cryptocurrency world are varied, but ultimately they are all aimed at attracting investors' funds. To attract investors, false advertising and exaggerated promises are often made, followed by various means of harvesting.
In the face of cryptocurrency investments, investors need to fully understand and analyze the projects, and not blindly follow the crowd. For projects lacking actual value support, one should remain vigilant and not be swayed by flashy promotions.
When choosing a trading platform, investors should select legitimate and reputable platforms to ensure fund safety. Legitimate trading platforms typically have complete risk control systems and compliance qualifications to protect investors' funds.
The essence of the cryptocurrency world is to raise money; it is a carefully designed 'wealth illusion'. From project initiation, market speculation to the final harvesting, every stage is filled with tricks and traps. Investors need to remain rational and vigilant to avoid falling into the money-raising traps. Only then can they avoid becoming the manipulators' 'prey'.