If you want to stay in the cryptocurrency circle for a long time, you need to develop a skill, which is to use logic to judge fake news, often called Fud. If you don't have this ability, it's hard to survive a cycle.

When I first came into contact with this circle in 2017, the most profound feeling was that there was no authoritative media. Because it was not favored by the official, there was no recognized mainstream media. The main source of all news was self-media such as Moments, WeChat groups, Weibo, and early non-mainstream and relatively closed channels such as Coin World and Golden Finance. Therefore, people often use these channels to release Fud news to affect market profits, and there are also direct attacks on competitors. Many so-called KOL self-media are the source of Fud news. For them, the authenticity of the content is not important, but the traffic is important.

After slowly understanding the truth, I gradually withdrew from various WeChat groups and blocked Golden Finance and Coin World, so I had a chance to survive this bull market.