Super Pulp Newbie in the Coin Circle

Author: icebee321; Source: The SeeDAO

How do novices who don’t even have basic investment knowledge succeed? Is the currency circle coming back to life?

Bitcoin, I only heard the name in the news at first. I only knew it was a cool thing. At that time, I felt that it was a new payment method. . At that time, the most popular non-cash payment methods were credit cards and checks. Payme, FPS, Googleplay, and various QR code payments are still on their way to being born.

When I heard it again, it was already at the end of the last bull market. At that time, I was having dinner with a friend, and he mentioned to me that he was buying BTC, and then With his help, I successfully created my first exchange account and bought my first batch of BTC. Then I researched virtual currencies on my own and started losing money. At this time, I couldn't understand the charts, and I didn't understand what a bull market or a bear market was. Yes, I was this kind of super pulp novice who hadn't even formed a blank sheet of paper yet.

During the super pulp period, I was exposed to many different methods of making money, which made me understand more about virtual currencies and also made me understand that there are no traps. few.

1: Cloud Mining

This is my first If you know how to obtain virtual currency, create an account on the cloud mining website, and then use the virtual currency to purchase different plans, giving you more computing power. This method allows people who do not understand mining to easily obtain it. Virtual currency.

CryptoTab:

This is the first mining APP I came into contact with on my mobile phone. Just download it and start mining with just one click, but it’s troublesome to have to click it every fifteen minutes, and the basic computing power is very slow. I have thought about buying a speed-up function, because its acceleration function is time-limited. , after calculation, I had to press mining almost every minute to really get back my money, so I didn’t buy it in the end. And after using it for a few months, I no longer use it.

Different cloud mining websites:

Cloud mining websites I have come into contact with There are several, but many of them are scams, and these websites generally have a few things in common: you can get extra rewards if you recommend others to join. Once you create an account, you will receive free computing power and different plans are provided to you. It is normal to withdraw money in the early stage, but it will gradually become impossible to withdraw money.

The most profound moment for me was when I saw many people discussing the same cloud mining website A in several different groups. During the discussion, so I felt it was safe, I linked to the website. The design of the website is very technological, and they also posted photos of their managers and cooperative organizations, and they also posted the types of mining machines they are using. So I created an account and got a small amount of complimentary computing power to start mining.

Later I transferred some BTC to increase the mining speed. Of course, the speed also increased, and the withdrawal was very fast. After you apply for the withdrawal, it takes about two Within ten minutes, I received a notification from the exchange that it had been credited. After trying it a few times, I deposited money again to speed up the process. However, after a few days, some people discussed that the withdrawal was a bit unusual. Some people applied for withdrawal but did not receive it after waiting for several hours.

When more and more users have this problem, one day later, the website can no longer be found, and the link only shows that there is no such website and different groups. The group burst into tears at the same time, and many people said how many BTC they had released. Of course, my principal was also reduced to zero. This time I thought it was buying experience and lost money because of greed.

Not long after, someone suddenly said that they had discovered a new mining website, and even said that this website was the younger brother of cloud mining website A. After that, I saw different groups Once again, various discussions appeared, but a few days later, as expected, the website also disappeared. But this time I was just a spectator, watching them burst into tears again.

2: Private message

Researching on making more money When looking for ways to earn coins, I joined some groups and communicated with others to see if I could find some ways to earn coins.

I received a private message during this period. After greeting the other party, I exchanged ideas with the other party on how to earn coins. Later, the other party said that he had used my money to make money. currency project, but because the return of capital was very slow, it soon became useless. Instead, he used another staking mining method, and he could easily mine ETH by just putting USDT in the hot wallet.

At first I refused, but later I discovered that you should not tell others the mnemonic words and private keys in the hot wallet. Basically, the risk is not very high, so I decided to do it. I gave it a try. At first, under the guidance of the other party, I just put in a little bit of about 200 USDT. At first, I could receive ETH every day. After a few days, I quickly earned back my principal of 200 USDT, so I transferred more USDT to the hot wallet, so I received more ETH every day. In the end, I deposited a total of more than 2,000 USDT, but soon I discovered that the USDT in my hot wallet was suddenly transferred away, and was also suddenly included in a special event.

I immediately asked the other party why this happened. The other party said that this was a special event on the website. He had also tried it himself and received rewards. You only need to specify By inputting the specified USDT, you can get back the USDT and the ETH of the task reward. I calculated that the money I needed was basically half of my savings. Because I felt that this gambling was very dangerous, I did not carry out the task. Of course, those USDT In the end, it cannot be taken back.

Then I checked some information on the Internet. It turns out that there is another way that allows the other party to transfer the funds in your hot wallet without mnemonic words and private keys. The funds are transferred, this is the contract. It turns out that when I signed the contract with the website, the other party had already laid a trap for me. This is the most money I have ever lost.

3: GAME FI

Play games to make money, this In fact, it is what I have wanted to do since I was a child, because I want my family to understand that gaming is not necessarily just a time-wasting activity, so I started to research and join the GAME FI category, and gradually got to know different games, and also came into contact with them during the research. Centralized exchanges such as PancakeSwap.

There should be about ten GAME FI projects I have contacted, some are as large as MOBOX, and some have ended operations.

I will look for different GAME FI videos to watch and understand how to play the game. I even made a profit with this game, but it turns out that GAME FI is very different from ordinary games, which made me lose my principal in the end.

The biggest difference between GAME FI and ordinary games is that the game currency of GAME FI will be affected by the market. Whether it is atmosphere or copy selling, it will affect the market value.

Take MOBOX as an example. MOBOX was the first GAME FI I came into contact with. When I first joined MOBOX, every NFT with high rarity was More than 300 BUSD, the game currency MBOX at that time was about 8 to 10 USDT each. The game was still very popular at that time, so both the NFT price and the token price were also very high. I made profits again and again and bought new NFTs to increase my computing power, almost using more than 1500 BUSD. But with the advent of the bear market, all prices are now only 5 to 15% of the original price. I don’t know how long it will take to get back the money.

Now that the bear market has passed, the circulation of MBOX has dropped significantly, making it difficult to successfully trade. So in the end I chose to give up on this game.

4: Decentralized exchange

First The first time I came into contact with this kind of exchange was because I was learning about GAME FI and dual-currency financial management, so I got to know this kind of exchange. The first decentralized exchange I came into contact with was PancakeSwap, because I needed to use it to exchange for something. Some GAME FI game currency.

PancakeSwap let me know that there are still many unknown tokens in the world, many of which are GAME FI game coins, and some new projects Token. But unfortunately, there are many tokens that cannot even be traded normally due to different reasons.

The most profound time when I used PancakeSwap was that I earned about 500 BUSD. This was because I joined a dual-currency financial mining pool, which is composed of BNB and A mining pool composed of one GAME FI token and ETERNAL. The GAME FI project was very famous at the time, so the token value was very high at that time. After I added liquidity to the mining pool, one day I found that the value of my holdings had increased, which made me feel that it was better to close the network first. Finally, I withdrew the liquidity and walked away with the profits.

But after a while, I was itching to see that its liquidity and value continued, so I exchanged ETERNAL and BNB again to add liquidity. But soon after, the GAME FI project collapsed, the value of ETERNAL plummeted to the ground, and my funds were reduced to zero again.

This time I understand that I must be careful with investment projects and pay more attention to changes, because the market will continue to change, and every change can affect you. of money.

5: Others

It was a bear market period. The entire world economy has been hit, and both the stock and currency circles have suffered heavy casualties. So at this time I decided to quit temporarily and wait for the time.

During this period, I got to know the website NOISE. It is a website like FACEBOOK. You only need to share your life and interact with other users. Earn BCH, this is a great website. Later, when it was moved to a new website, I still used it, but the method of earning BCH on the new website did not make sense to me.

On the old website, when someone likes your post, the system will give you a small amount of BCH, but it will automatically be converted to BCH when the amount reaches 0.01 USD. to the account you set up. However, some people use BOT to like each other on their accounts to earn BCH.

In the early days of the new website, the way I received BCH became unclear. In addition to other users giving BCH support, sometimes I didn’t post anything, but I communicated with others. I also suddenly received BCH in exchanges, and sometimes there was no BCH in my posts. However, these situations became less and less obvious in the later period. In addition, I started to know LIKECOIN and MATTERS at that time, so I slowly shared my life and moved to MATTERS.

After all the above incidents, I gradually understood what others said [one day in the world, ten years in the currency industry], [virtual currency is a high-risk Investment Products] These have spoken.

After I came into contact with virtual currencies, even the friend who taught me how to open an exchange account was surprised, because when he was still using the exchange to buy and sell BTC, I had already Of course, we also have preliminary contacts in various fields. . . . . . My injuries were also severe.

Today, several years later, although I am not an investment guru or an expert in the currency circle, if I want to share my experience with other new investors, the following is My current views on virtual currencies.

[Virtuality and reality are actually separated by a thin network]

Things we come into contact with in the online world are actually the intersection of various actions of people living in the real world. Therefore, every virtual currency and project is Created by different people, there are good people and bad people in the real world, and they will also exist in the virtual world. Therefore, whether the project is good or bad, you must first understand it clearly before taking action, unless you want to be like me and watch your money. Keep flying away.

[Mention first, technology second]

At present, I don’t know much about analyzing charts. I still don’t know how to judge the bottom of M and the top of W. However, a calm attitude is actually more important. Whether in the stock or currency circle, when you enter the market, if you are not calm enough, , it is easy for you to take wrong actions because of price changes.

In addition, if you have skills but lack of mentality, you may continue to hesitate about your decisions and miss the best opportunity to act again and again.

So as an investor, mentality is actually more important than technology.

[Collect it yourself>Trust others]

In the investment world, please don’t trust anyone. Please collect different information yourself to understand the information you want to know. Don’t blindly believe what others say when communicating with others, especially projects or methods in the name of making money efficiently. These are often traps, and discussions with multiple people are not necessarily safe, and may be a layout carefully designed by scammers.