'Smartness backfires', an old investor recounts the tragic loss!"

The blades in the crypto world are always sharper than you think!

Recently, a project sold for an astronomical price on-chain. When I checked, the spot price was significantly lower, and I discovered a 15% price difference between on-chain and spot. I immediately thought I had found the secret to wealth—"buy spot, sell on-chain, guaranteed profit!"

What happened? After buying, I realized I couldn't sell on-chain at all! After hesitating for a minute, the price plummeted directly by over 10%. I thought I'd wait for a rebound, but it kept going down, not giving me any chance...

The project team's operation was simply amazing! They deliberately used high on-chain prices to attract people to buy spot, and once the investors entered, they shut the door and beat the dog!

Bloody lesson:

Don’t think you can pick up a bargain; the pitfalls in the crypto world are always more than you imagine!

Seeing a price difference shouldn’t excite you; understand the rules before taking action!

The tricks of the project team are always more ruthless than your 'smartness'!

This time I was clearly cut, a real-life account of a veteran in the crypto world flipping over, a lesson to learn from!