We often say that if the direction is wrong, efforts will be in vain, and even pigs standing at the wind outlet can take off. Contracts are the favorite of people in the currency circle, and there are many people playing them, but can you really make money by playing contracts? From this year's point of view, on March 12 (I believe everyone is familiar with this time), the price of Bitcoin fell sharply in a short period of time, and the total amount of liquidation reached 2 billion US dollars, of which the largest single liquidation amount reached 10 million US dollars. Even the average liquidation amount was 51,000 US dollars. At that time, many coin friends received SMS notifications from the exchange that the liquidation was about to occur, and quickly tried to close the positions manually, but still failed to avoid the liquidation. Tens of thousands, hundreds of thousands, hundreds of thousands, and even millions of evaporated in an instant. In addition to the sudden decline that will cause contract players to suffer losses, the sudden surge is also a nightmare for contract players. Why don't you play contracts anymore? High-leverage transactions magnify the impact of market fluctuations, exposing investors to higher risks. Rapid market rises or falls cause many investors to be unable to react in time, thus suffering heavy losses. The behavior of a certain individual with a large position also has a huge short-term impact on the market, resulting in the impact on contract users.
Value investment is a waste of money. Meme lives in the palace.
33-year-old investor Glauber Contessoto invested more than $250,000 in Dogecoin, and by April of the same year, his Dogecoin soared to $1 million, making him a veritable "Dogecoin millionaire" overnight. A Czech trader made more than 1,000 times the return in 24 hours by investing $1,000 in Pepe coins. In October 2020, a trader invested only $17 in Shiba Inu coins. A year later, the price of SHIB reached an all-time high of $0.00008854, an increase of 885,000 times, with a total profit of $6.5 million. The mysterious address sundayfunday.sol invested 421 SOL in the BOME pre-sale and obtained 1.43 billion BOME, which was worth up to $40 million at its peak. An early PEPE buyer exchanged 0.125 ETH worth $260 for 596 million PEPEs, which are now worth nearly $8 million. It used to be all stories of getting rich overnight, but it is not difficult to see from these stories that this kind of luck is no different from winning the lottery. Is this really a way for the majority of coin friends to make money? Obviously not.
A way to make money that is more suitable for retail investors
As a public chain born in 2018, Nervos has gone through a complete bull-bear cycle and has successfully completed a four-year halving. As a POW public chain, inflation has dropped a level. The technology adopts a layered architecture and recently launched the CKB version of the lightning network Fiber Network, referred to as CFN. In addition to a series of advantages of the BTC lightning network, CFN also supports multi-asset, programmability, and Turing-complete smart contracts based on CKB, supporting more complex conditional execution and business logic. It has cross-chain interoperability and supports lightning network interaction with other UTXO chains (such as BTC). Thanks to CKB's Cell model, CFN can manage channel status more efficiently. The Demo video of CFN has been launched. I believe that you will soon be able to experience the new experience brought by CFN.