Will starting an account on Xiaohongshu get banned? How does it compare to Weibo?

A friend of mine recently saw that meme is so popular and asked me how to play it. I said that the first step is to know what pitfalls there are.
Today I happened to be slacking off, so I would like to remind you of the pitfalls I have stepped on and others have stepped on:
1. Wallet security
The best written basic skills for playing on the chain is "Dark Forest Self-help Manual" by Mr. Slow Mist Yuxian, which includes a lot of basic knowledge about wallets.
In addition, here are a few common pitfalls:
Wallet has some tokens inexplicably, don't worry, it's a phishing;
When you log in to the website to connect to the wallet, you must check the content of the signature and whether the URL of the signature is correct; even if it is a common website, you should check whether it is a normal signature requirement every time you sign. I once had an NFT transferred on opensea in this way.
Mnemonics and private keys must be used offline, and don't copy them with a clipboard.
When transferring money to yourself, don't copy the address of the last transfer record, and give a name to the commonly used address.
Wallet private keys or mnemonics can be divided into three parts, ac, ab, and bc, and placed in three places for disaster recovery. However, now Binance and OK web3 wallets are all MPC wallets, which can also be retrieved, but it is recommended to back up by yourself.
Hardware wallets are the best.
Download wallets from Google Play or App Store, never Baidu or use those given by netizens.
Understand the concept of identity wallets.

2. Device security
It is recommended to use MAC computers. Once upon a time, all the computers in my home were attacked, and all the files were lost on computers except MAC.

3. Social engineering
Group friends, relatives and friends, phone calls, text messages, emails, and fake Twitter accounts.
Hang up the phone directly, don't click on the link, and read the x account name clearly.

4. The pitfalls of meme trading
Don't use bots to follow orders. If you want to use bots that input private keys, don't put too much money.

Many companies, institutions, and project parties in the currency circle are also grass-roots teams, don't be obsessed.
I think of this first, and you are welcome to add. I will write a little bit of my experience playing meme recently and send it to my friends.

In the past couple of days, many people should have liquidated their positions and left, with the offshore RMB exchange rate around 7.25. However, yesterday the over-the-counter trading price of USDT reached 7.16, and the borrowing rate also adjusted. Many people should have cashed out, indicating a demand for withdrawals.
After this wave of people left, today the performance continues, and the current C2C price has risen back up, even more so, with the borrowing rate also above 20% again.
In a bull market, it's better to take fewer actions. I personally just occasionally check those long-term indicators and basically sell off in batches. If I can't stay idle, I play with small positions in memes; it's quite interesting and really can be quite engaging.

Just bought a Meme $KITH. This morning I noticed a lot of smart money entering my watchlist, so I took a look at the narrative and entered a bottom position, and it hasn't even pulled back. Currently, I've taken profit.
Narrative: An illegal immigrant in the U.S. threw a friend's dog off a building, killing it, a political topic that coincidentally hits the immigration policy reform.
It's easy to associate this with $Pnut, especially since it has a market cap of over a billion. However, the immigration narrative is definitely not as strong as the narrative of saving America. A drop of a few million isn't a big problem. Now let's see if Trump and Musk will mention it.

Are you all looking forward to the altcoin season?

Seeing everyone in the square shouting for 100k, it might take some time to reach that level, it might not break through quickly as market expectations are too strong. It could fluctuate around 80-90k.
However, whether BTC reaches 100k or not no longer affects the rise of altcoins; there are too many coins breaking through lately. At this time, the strong altcoins are the first to take off; take a look at those small market cap strong altcoins, and who knows, we might see another GAS TRB like last year.
Meme coins still look promising, both first and second tier have opportunities. If you are young and quick to react and learn well, then go check out the first tier.
The general rise of altcoins still feels a bit lacking; many old coins are too heavy, or the strong hands simply don't have the strength.
One good thing about Binance is that there is a delisting mechanism, which can slightly control the number of tokens on Binance, otherwise it would be too scattered. However, in the next two months, there will be several star projects for TGE, and launchpool will continue, so everyone can stock up on some FDUSD at lower prices.
Today, the Ethereum ecosystem was the first to rise, proving that the market still has confidence in Ethereum. Holding Ethereum requires patience; the Pectra upgrade at the beginning of next year might just provide a good opportunity for a wave of buying.

$USUAL As expected, Binance will drop as soon as it opens, and Gate has already made a short arbitrage in advance. This wave has already risen by a small 30%. Gate must mint at a price of 1u, which has reduced the utilization rate of the principal.
BTW, Gate's price has always been higher than Binance, which can also be arbitraged.
It is estimated that there will be a drop when the official TGE occurs.
In terms of market capitalization comparison, isn’t everyone looking at MKR? Are they only looking at ENA? Shouldn't the RWA stablecoin be focusing on MakerDAO? Ethena doesn’t really count as RWA; it’s just a funding rate arbitrage model.

Everyone is shouting for $USUAL to reach 0.5, where should MKR be placed? The TVL stablecoin market share can't compare to MKR. If we still play the high FDV low MC game, won't we get scolded to death? Who said that the returns from each launchpool must be similar?