Alex向前冲
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Crypto Circle Advice:
1. All product designs are made to take your money, not to help you make money!
2. Trade only mainstream coins like BTC, ETH, SOL, etc. Even if you buy at a high price and suffer severe losses, such as a 90% drop, there will still be opportunities for recovery and even to break even in the future! These are the only mainstream public chains in the crypto circle, and they have ecosystems that continue to develop!
3. Don’t touch garbage coins, 99% of them are designed for scams in Southeast Asia, Dubai, etc., just packaged to get listed on exchanges after paying a fee. Some are even promoted as amazing new public chains that will soon surpass ETH and SOL, but they have no ecosystem projects on-chain; they are all scam coins that cash in on one wave and then package the next! There are too many scams in Singapore and Dubai financial towers doing web3 projects with packaged tokens!
4. Be cautious with contracts; even 2-3x leverage can blow you up. High leverage will definitely blow up, causing losses on both sides. Some say if you’re not optimistic, you can short, but I tell you, whether you long or short, you will ultimately lose. The traders behind the scenes are watching the data to wipe you out!
5. Don’t trust those influencers in the square, those who show off their daily profits of tens of thousands or hundreds of thousands of dollars in USDT, boasting about being contract gods; they are all paid actors, luring you to open high-leverage contracts. Some say he is not a paid actor, but he may have started as a contract gambler who did win at first, but eventually lost everything. Now, who knows if he is using his own account? Who, after losing so badly, still borrows money every day to trade contracts worth hundreds of thousands or even millions of dollars!
6. If you can avoid the crypto circle, do so. If you must participate, buy mainstream coins like BTC, ETH, SOL, BNB, and consider dollar-cost averaging or buying at low points; there is still a chance for a small profit. Don’t chase the dream of getting rich overnight, and don’t believe in those new coins that claim to offer dozens or even hundreds or thousands of times returns in the primary market. By the time you can buy in, it’s usually when the traders are selling to you to cash out!
1. All product designs are made to take your money, not to help you make money!
2. Trade only mainstream coins like BTC, ETH, SOL, etc. Even if you buy at a high price and suffer severe losses, such as a 90% drop, there will still be opportunities for recovery and even to break even in the future! These are the only mainstream public chains in the crypto circle, and they have ecosystems that continue to develop!
3. Don’t touch garbage coins, 99% of them are designed for scams in Southeast Asia, Dubai, etc., just packaged to get listed on exchanges after paying a fee. Some are even promoted as amazing new public chains that will soon surpass ETH and SOL, but they have no ecosystem projects on-chain; they are all scam coins that cash in on one wave and then package the next! There are too many scams in Singapore and Dubai financial towers doing web3 projects with packaged tokens!
4. Be cautious with contracts; even 2-3x leverage can blow you up. High leverage will definitely blow up, causing losses on both sides. Some say if you’re not optimistic, you can short, but I tell you, whether you long or short, you will ultimately lose. The traders behind the scenes are watching the data to wipe you out!
5. Don’t trust those influencers in the square, those who show off their daily profits of tens of thousands or hundreds of thousands of dollars in USDT, boasting about being contract gods; they are all paid actors, luring you to open high-leverage contracts. Some say he is not a paid actor, but he may have started as a contract gambler who did win at first, but eventually lost everything. Now, who knows if he is using his own account? Who, after losing so badly, still borrows money every day to trade contracts worth hundreds of thousands or even millions of dollars!
6. If you can avoid the crypto circle, do so. If you must participate, buy mainstream coins like BTC, ETH, SOL, BNB, and consider dollar-cost averaging or buying at low points; there is still a chance for a small profit. Don’t chase the dream of getting rich overnight, and don’t believe in those new coins that claim to offer dozens or even hundreds or thousands of times returns in the primary market. By the time you can buy in, it’s usually when the traders are selling to you to cash out!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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