Trading does not reward diligence. 👍👍👍

Brothers, hello everyone, I am trader Zhu Yidan. As a trader mainly focused on shanzhai coins, some ingrained misconceptions about shanzhai often lead to heavy losses. Today, I will summarize this broadly.
The first misconception is easily believing that a certain shanzhai coin will have a great development prospect, drawn in by the beautiful vision depicted in its white paper, thereby choosing to invest. Such good projects do exist, but in the early stages, they are not available for retail investors like us. Those who possess top resources and institutions will quickly seize the quotas, then inflate the market capitalization to the extreme, leaving us to buy at very unfriendly prices. We will continuously incur losses as the actual market performance often falls far short of the beautiful vision. Therefore, in the current shanzhai market environment, the probability of us buying a worthwhile shanzhai coin is nearly zero, making the success rate of this investment approach very low.