The tragic incident of the XPL competition in the past few days has left me feeling uneasy. Some older participants, in an effort to climb the rankings, artificially inflated their trading volume by over 9000 transactions, only to end up stuck in the 21st to 50th place, receiving tokens worth less than 3000 dollars, resulting in a net loss of more than 6000 dollars. Even worse are the participants outside the top 50, who racked up trading volumes of millions, burned thousands in fees, and received tokens worth just over a hundred dollars.
What kind of profit is this? This is a game of capital loss masquerading as a competition. The project party uses vague 'generous rewards' as bait to lure in those blindly believing that 'trading volume equals justice.' In the end, they didn't gain any profit but ended up losing a layer of skin.
This kind of thing is not the first time in the circle, and it will definitely not be the last time. It is like a warning light, illuminating a fatal problem that we often ignore: When we chase uncertain, high-risk 'external returns' (such as competition rewards, airdrops), have we set an absolute 'safety bottom line' for our principal that cannot be crossed?
This makes it necessary for me to seriously talk about @usddio (USDD). In high-intensity, high-loss activities like harvesting and racing, the idea of #USDD as a stable trust can be concretized into the simplest principle of action: Always use 'risk capital' that you can completely afford to lose for betting, while your core principal and profits must be securely locked in stable assets like USDD.
Why should we re-recognize USDD after the tragedy of 'harvesting and being cut'?
It is your strict ruler for the 'speculative budget': Before competing in the XPL race, you should define your 'bet' limit using USDD. For example, if you decide to invest a maximum of 5000U in this competition, you should only convert this 5000U into the other assets needed for operation, while keeping all other assets in your account as USDD. This way, even if the worst-case scenario happens (like that guy losing 6000+), your loss is predetermined, controllable, and will not harm your fundamentals. USDD plays the role of a 'funding firewall' here.
It is your wake-up call for 'timely loss-cutting': During the intense phase of the competition, people can easily get carried away, watching the continuously burning transaction fees and shifting rankings, thinking 'just a little more and I can break even.' If all your assets are volatile coins, it can be easy to fall deeper into this mindset. But if you set a rule for yourself to only use USDD as your 'ammunition depot,' and this depot is limited, it will be easier to force yourself to stop when your ammunition is running low and evaluate whether the input-output ratio has become unbalanced. The stability of USDD allows you to retain a part of your 'cold rationality' in the frenzy of the competition.
It is your security deposit for 'post-war reconstruction': Regardless of winning or losing the competition, what is your asset situation afterwards? Winners need to secure their profits, while losers need to preserve their remaining principal. Immediately converting profits or remaining principal back to @usddio (USDD) is the safest choice. This allows you to quickly escape from the 'gambling environment' that caused your losses, safeguarding your achievements or sparks for the next opportunity. It ensures that your crypto career is not a 'one game decides life or death' gamble, but a long-term game that you can continually participate in.
The tragedy of the XPL competition is essentially the backlash of greed under no risk control. The project party painted a big pie, but what often swallows your principal is your own lack of defense.
So, before discussing the next hot topic or the next competition, please check your asset allocation: Have you placed those 'old funds' that absolutely cannot be lost in a safe, stable 'safe' like USDD?
Harvesting is fine, competing is also okay, but please remember: use USDD to delineate your battlefield boundaries. Within the boundaries, you can showcase your skills; but the boundaries must never be crossed. This is the foundational wisdom that allows one to live longer and laugh last in the brutal circle of cryptocurrencies.
