The "Monkey Trap" Reappears in the Crypto Market! Blogger Reveals Losses After Experiencing It: Did You Fall for This Operation?

Recently, the crypto circle has staged a "modern version of the monkey fable," and the protagonists of the story are us retail investors who have been struggling in the market. Let me tell you a true story of an "Monkey Catching" incident.

A merchant came to a village, offering $10 to buy monkeys. The villagers rushed into the forest, catching more and more monkeys, but the price soared to $50. When no more monkeys could be found in the forest, the merchant suddenly said: "I have to go on a business trip; my assistant will continue to buy for $70!" The villagers immediately used all their savings to buy the cage with monkeys from the assistant, but the merchant disappeared, leaving behind worthless monkeys and bewildered villagers.

Isn’t this a version of the crypto market’s "pump and dump"?

Recently, the trend of a new project in the circle made many people slap their thighs in frustration. The project team first created a buzz in the community, releasing slogans like "disrupting the industry," and the coin price surged from $0.1 to $1.2 in three days. Just as retail investors were following in, large funds suddenly dumped their holdings, causing the price to halve within a week. Even more outrageous was that when the price was high, the project team announced a "pause for system optimization," and by the time it was restarted, the coin price had dropped to zero, with no notice even being issued about the exit.

Why do smart people also fall into the "monkey trap"?

As someone who has personally tripped over this, I reviewed my own actions: I knew full well that "buying monkeys at a high price" was a scam, yet I couldn’t resist chasing the price when $TREE skyrocketed by 50%. At that moment, I thought, "I'll pull out when it goes up another 10%," but the next day the project team initiated the "death spiral." This lesson made me realize: in the crypto market, discipline is more important than technical analysis. Those new coins waving the flags of "the next Bitcoin" or "hundred-fold opportunities" are 90% just a rebranded "monkey game."

In the crypto circle, earning money within your knowledge is more important than chasing high prices. Those who teach you "get rich quick" often are the ones selling shovels themselves. Remember this "monkey fable"; the next time you see a project surge, check your pockets first: are you buying a "promising coin" or just someone else's "monkey cage"?

Click on the avatar to follow Te Ge, exploring the opportunities and challenges of digital currency together. Amid market fluctuations, let's discuss trends in the comments and grasp key points. Te Ge is waiting quietly at #美联储降息预期 #比特币巨鲸换仓以太坊 .