What is black U? In Europe and America, it refers to U obtained through illegal means such as stolen wallets, hacking, and Ponzi schemes. Over there, the law protects U as a virtual asset.
Once black U is marked, it will be locked or frozen upon entering the exchange. Marked black U will definitely be frozen, and there are some that are suspicious but cannot be confirmed as black U. Their quantity is very small and is often used to defraud funds.
Another type is fake U, usually fake USDT. It shows a balance but cannot be transferred to other wallets. This is fake U, and many people use it to deceive newcomers.
So how can we avoid the risks of 'black U'? Here are some suggestions:
1️⃣ Check the on-chain blacklist to understand the marked addresses.
2️⃣ Avoid touching U obtained from the addresses of defaulting projects; although some are unmarked, they are definitely not clean.
3️⃣ Don't be greedy for small bargains; U obtained through illegal means, scams, or defaults are usually sold at low prices. Avoid touching U that is excessively undervalued.
4️⃣ Choose experienced old merchants for OTC trading; the risk is lower.
5️⃣ Try to choose exchanges to buy and sell U, as exchanges have risk departments and are relatively safe.
6️⃣ Be cautious with transfers between wallets; prioritize using old wallets, as criminals are more likely to use new wallets for transactions.
7️⃣ Be cautious with the cryptocurrencies on small exchanges, as some may use them for laundering operations.
Protecting the security of your assets is the top priority. Act cautiously and stay away from the risks of 'black U'!
Six key points to avoid financial losses
1. Lack of long-term perspective
In fact, we should avoid focusing too much on short-term profit fluctuations and instead establish a long-term investment framework, prioritizing long-term strategies supplemented by medium- and short-term strategies.
2. Blindly following trends in trading
When a certain cryptocurrency is hotly discussed globally, people often blindly follow the trend to buy. When the market reverses and losses reach 10% or 20%, they hesitate until the loss expands to 50%, 60%, or even more, at which point they are forced to cut losses.
3. Lack of independent judgment
Listening to recommendations from influencers today and buying a cryptocurrency based on rumors tomorrow is an investment approach without independent analysis and judgment, which is destined to incur losses.
4. Unstable mindset
Many people enter this market expecting to get rich quickly, but they are not prepared for the risk of capital going to zero. Once losses occur, they start complaining and blaming others, unable to respond calmly.
5. Lack of learning
Learning is an indispensable asset in investing. Only by continuously learning can we better grasp market dynamics and avoid being eliminated by the market.
6. Unclear investment strategy
Before investing, we need to develop a clear investment strategy, including which cryptocurrencies to choose, when to buy, how to allocate positions, how to stop losses or add positions when there are losses, and how to reduce positions in batches or continue holding after profits. Only with such a strategy can we remain calm in different situations and avoid making wrong choices due to emotions.
I need fans, you need references. It's better to follow than to guess blindly.
Focus for today: AAVE RLC KAITO