1. I was once the 'smart person' in your eyes until I lost 5 million

At three in the morning, I stared at the red account balance on the exchange's candlestick chart, my fingers trembling as I pressed the '10x leverage long' button — this was my last madness before the 2021 LUNA crash. At that time, I firmly believed I was the 'chosen one' with advanced cognition, until three days later, the 5.02 million RMB in my account turned into a cold '0.00' on the screen.

This is not a story; it is a lesson I bought with blood and tears. Ironically, I accurately predicted the arrival of DeFi Summer in 2020, but two years later I became the chives under the sickle of exchange market makers. Today, I want to tear apart the shroud of this industry: the essence of trading coins is a legitimate scam targeting those 'self-righteous smart people.'

2. Why is trading coins considered the most foolish behavior of our time?

1. You are up against the world's top mathematical geniuses
The 'liquidation line' of exchanges is not a random number, but a precise slaughter line calculated by the MIT quant team using Monte Carlo simulations. When you slide the leverage multiplier on your mobile app, servers from Chicago high-frequency trading firms are predicting your stop-loss position at a speed of 0.0001 seconds.

2. The 'wealth freedom myth' you see is all scripted
The Bitcoin hoarded by a certain second-hand seller on a treasure site? That is a benchmark that market makers need to shape. A certain college student made millions playing Dogecoin? That is a customer acquisition case fabricated by exchanges. The real data is: In 2023, the average survival period of contract traders is only 47 days, and over 83% ultimately lose and exit.

3. What you think of as 'technical analysis' is actually a collective illusion
MACD golden cross? Market makers can draw any shape you want on the candlestick chart for $200,000. Large on-chain transfer alerts? That might be a smoke bomb from the project party doing left-hand to right-hand transfers. Even reports from Binance Research may hype up new coin listings — there is fundamentally no 'objective information' in this market.

3. The four deadly traps that the market makers use to harvest 'smart people'

Trap 1: The manipulation of contract casinos' Skinner boxes
Exchanges use 'random reward mechanisms' to make you addicted:

  • Setting up a win rate distribution of '10 small gains and 1 huge loss'

  • Pushing pop-up ads of 'successful people making a comeback' during losses

  • Triggering bait prompts of 'additional margin can avoid forced liquidation' before liquidation

Trap 2: The scientific pig farming methods of shitcoin projects
How do project parties precisely harvest?

  • Phase One: Hire water armies to create 'community consensus', using bots to inflate trading volume

  • Phase Two: Release false news about 'certain institutional investments' to attract KOLs to promote

  • Phase Three: When the coin price rises by 300%, transfer liquidity pools through mixers

Trap 3: The psychological warfare of cognitive hunting

  • Creating 'FOMO anxiety': 'If I don’t buy now, I will miss the next Bitcoin'

  • Implanting 'loss aversion': 'Selling now means admitting you are a loser'

  • Building an 'information cocoon': Algorithms only push wealthy stories to you

Trap 4: The psychological control of identity recognition

  • Using slang like 'HODL' and 'diamond hands' to create a sense of group belonging

  • Demonizing skeptics as 'poor people without vision'

  • Slandering normal life as 'the slave life of workers'

4. What are truly smart people doing?

When you are staring at the market at three in the morning:

  • Vitalik discussing EIP improvement proposals at the ETH core developers meeting

  • A certain institutional researcher analyzing the TVL/Gas fee ratio of a new public chain

  • Compliance market makers testing mathematical modules for flash loan arbitrage strategies

Three high-level ways to change your fate:

  1. Become an ecosystem builder:
    Participate in Gitcoin funding open-source projects, with quality contributors averaging 36 airdrop opportunities

  2. Deeply cultivating vertical fields:
    A certain DeFi security auditor charges $800 per hour, top talents are reserved by project parties six months in advance

  3. Capturing structural opportunities:
    In 2023, a certain team achieved an annualized return exceeding 300% of BTC's increase by running Bitcoin Lightning Network nodes

5. It's still not too late to stop loss now

If you meet any of the following criteria:
✅ Check your account more than 20 times a day
✅ Believe that 'this time is different' for the shitcoin projects
✅ Recharge the exchange with Huabei/Credit Card
✅ Think that working is a 'low-end life'

Please do three things immediately:

  1. Withdraw all assets from exchanges and convert them into Bitcoin cold wallet storage

  2. Uninstall all market software and Telegram groups

  3. Add the 'Blockchain White Paper Writing Guide' to the shopping cart

Conclusion: The metamorphosis from gambler to hunter

This market never lacks 'smart people', but lacks the courage to see the truth. When I sold my last iPhone used for monitoring and enrolled in a Solidity development course with my lost tuition, I truly touched the core value of blockchain — it was supposed to be the holy sword to break financial hegemony but has been twisted by the greedy into a sickle that harvests the weak.

Remember: When you stop measuring life with candlesticks, your destiny will truly begin to reverse. Those who silently built ecosystems during the deep bear market will eventually harvest the market makers who once harvested you in the next wave.

#白宫首届加密货币峰会 #美国加密战略储备 #加密市场反弹

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