I had dinner with a friend yesterday and he said he made 3 million at the beginning of the year, but after six months of hard work, he now has 800,000 left.
I have invested all my money in one coin, I won’t mention its specific name.
I have three "no's" for pure altcoins. First, don't buy too much. In principle, buy 100,000 to 300,000. Second, don't buy popular coins after a big rise. Third, don't buy coins that have been falling at a 30-45 degree angle after hype. If you stick to these rules, you won't suffer a huge loss when playing altcoins.
Because I always have a basic understanding of many currencies, that is, they are a scam of human desire.
Since it is a scam, lies are nested one upon another until it collapses.
Anything that relies on deception will not last long, whether it is personality, cognition, or achievement. They need to be nested layer by layer. If there are too many nestings, the scam system itself cannot bear it and will collapse.
Therefore, whether it is a copycat coin or a scam project, it basically cannot last long, a few months at the shortest, or 2-3 years at the longest. Moreover, the longer it lasts, the greater the loss. This shows that the more factors that are exposed to nested lies, the greater the loss.
All deceptions, men cheating on women, women cheating on men, friends cheating on friends, are like this. The lies will eventually be exposed one day. The longer it takes, the higher the cost and the greater the damage.
A basic characteristic of a scam is that it cannot last long. Its internal system is very fragile, and the rate of entropy increase is much faster than that of real events. It needs to continuously input negative entropy to maintain the stability that the system should not have. Therefore, the cost of maintaining a scam is extremely huge. Therefore, the characteristic of a scam project is that it is fast, so it needs to be constantly changed, and the purpose of the change is to reduce the maintenance cost.
A man pretends to be tall, rich and handsome to deceive girls. Once he achieves his goal, he will keep changing people in order to reduce costs.
In the short term, some people may become rich overnight from participating in scam projects, but it is actually a temporary survival bias. The millions or tens of millions earned in the short term are likely to be injected into the next system and become the negative entropy of the next scam system to make another person successful.
So you can see that there are all kinds of scams in the blockchain world, some true and some false. If you don’t distinguish them carefully, you can easily fall into the scam on impulse.
In fact, the money you invested is not essentially an investment loss. If you listened to the market information, you were essentially deceived.
If you clearly know that the things in it are deceptive, and you clearly know that it will not last long, then you can play with a small amount of money to experience the ups and downs of your mind. If you have seen big money in this, the ups and downs of money will be greatly reduced. If you buy the right target, such an experienced person will not go out, and he does not care about such a small fluctuation at all. This is his advantage. The difficulty is that it is difficult for people who have played this to return to the normal target, not to mention eating both ends, which is basically impossible.
Some people would say that BTC is also a currency, Inscription is also a currency, other currencies are also currencies, they are all currencies, so why is BTC not a scam.
The stable operation of BTC does not require any human intervention to give it strength. Two characteristics illustrate this.
One is that it is not cost-effective for so much money, so many people around the world to spend so much time and energy to maintain a scam.
One is that time does not allow it to maintain such a high speed and for a long time. The POW mechanism plays a vital role in this. The second is that BTC is simple and useless. It is purely a concept of value storage. Simple things are extremely stable and are destined to last for a long time.
The carefully packaged personality, the exquisite and beautiful face, the deliberately trained character, everything will return to its original state in the face of time.
Only BTC is extremely real and simple. The law of how many kilowatt-hours of electricity can be exchanged for one BTC will increasingly show its value in the face of time.
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