I came across a feast of the cryptocurrency circle at a friend's coffee shop in Shenzhen. A group of young people in their early twenties gathered, with notebooks in their hands, and were keen on NFT and "Dogcoin". During the conversation, one of them boasted that his NFT assets were worth more than two million, but now shrunk to hundreds of thousands. As the night deepened, the number of people increased to more than 30, and professional terms were flying everywhere. The atmosphere was warm but exaggerated.
The climax came when a Bentley drove in, and a young leader took the stage, advocating the issuance of new coins, calling on everyone to help raise the price, dreaming of listing on the exchange, and even revealing a trip to Dubai next week and the support of the big guys behind him. The audience was excited and full of business opportunities. This scene made me feel that the cryptocurrency circle is both flashy and risky.
Thinking deeply about the ecology of this circle, many top figures are involved in illegal activities, and there are many people who have been sentenced to life imprisonment, huge fines, exile abroad, and even lost their lives. Scammers are rampant and novices are easily deceived. Bitcoin is not guilty, but there are chaos in the circle, warning everyone to be discerning and move forward cautiously.
