The big shots have all fallen into traps, why should we retail investors think we can win?
Just saw an explosive message! BitMEX co-founder Arthur Hayes actually lost over 10.37 million dollars in on-chain trading 😱
- In February, cleared out LDO/ENA and 3 other coins, invested 9.35 million and lost 3.48 million
- In January, bought BIO and lost 58% (640,000 dollars directly vanished)
- Previously played LOOKS/ENS/FXS, lost over 6.25 million, with single coins losing more than half
❓ Even the 'old guns' who created exchanges can lose painfully, do you still think you can make a profit relying on 'inside information'?
❓ He has fallen into so many counterfeit traps, why should we retail investors be able to avoid these pitfalls?
❓ Is the crypto world really based on understanding or is it just pure luck?
Don't blindly trust any big names! Even players of this level can incur losses like this, indicating that there are no 'gods' in the crypto world, only survivor bias.
Retail investors, don't recklessly rush into altcoins, don't listen to news and go all in; you might think you're buying the dip, but it could just be a trap left by the big players💸
⚠️ A sincere word for retail investors: Don't gamble your hard-earned money on games that even others don't understand! Protecting your principal is more important than anything else.
