The market is sluggish, so I would like to share with you my thoughts. I have not planned anything, so I will write whatever comes to my mind. If you are interested, please read it.
In this society, unless you are born standing on the pyramid, no one can cover you. Like me, I grew up in the countryside. For various reasons, I understood these things a long time ago. People will not feel the same in their lives. What they need to do is to protect themselves.
Like the trading market, many risk controls and safety awareness are to avoid some extreme things. Once some problems occur, such as investment failure, business failure, borrowing money and running away, trading explosion, etc., you must prepare for the worst and ask yourself whether you can bear the loss and whether you can accept the life after the loss.
The cryptocurrency world is actually a complete dark forest law, especially on the chain. There are no laws and no rules to protect your assets. If there is a problem, don't think about getting it back. In a word, you have to accept the loss. For example, Mentougou, FTX, etc., there are also some exchanges that have collapsed, run away, and restrict withdrawals. The most recent one is a small exchange in Hong Kong that allows 1000u withdrawals at a time, and the handling fee is 999u. This is why I have always told everyone not to go to small exchanges or unknown exchanges.
In fact, not only the cryptocurrency world, but any investment will face the same problems, such as a certain building, a certain fund, a certain securities, etc., countless. For ordinary people like us, investment must be well controlled, and then all funds should not be placed on a certain exchange or address, especially for players on the chain, and they must prevent means such as phishing links.
The secondary market faces the risk of transactions, or the risk of those exchanges running away, which is less than the risk faced by the primary market. For ordinary traders like us, making money requires extraordinary effort. Don’t turn trading into gambling, especially contract players. Every time you operate, you must ask yourself whether you can accept life after a margin call. Let us work together to make money in the market safely, to change ourselves and make further progress. Don’t let your life fall into an abyss because of these!Let’s encourage each other.
