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In January 2018, the winter was particularly cold, but the young professional Linlin was filled with excitement. She saw a prominent figure on Zhihu discussing a project called 'BBB' that claimed to collaborate with digital currencies and had obtained a license, with an ICO price of 0.1 yuan, promising to multiply by 100 times upon listing. Linlin calculated that she had 80,000 yuan in her salary account, and if she invested it all, it would amount to 8 million coins. Thinking of this made her hands tremble. The prominent figure privately messaged her: 'Only 30 internal quotas left, and more than 50 funds have already joined the VIP group.' Without a second thought, she transferred the money, even without checking the contract address. Three months later, the project party announced a 'strategic suspension due to policy reasons,' the official website was inaccessible, the group was deleted by the group owner, and the prominent figure's account was directly canceled. Linlin's 80,000 yuan turned into a hash value that couldn't be traced. She later learned that during that time, over 200,000 retail investors across the country were scammed by the same script, with a total amount exceeding 1.5 billion. When the police cracked the case, they found that the so-called 'team' only consisted of 7 people, who operated from a rented room in the Philippines, using template websites and hired trolls, managing to launch a scam coin in just three days. Linlin changed her computer desktop to a phrase: 'In the cryptocurrency world, the most expensive thing is not the transaction fees, but the IQ tax you pay for believing the stories of strangers.' The wind has gone, the pigs have fallen, but the chain remains. What can truly keep you alive is only those three words: Do Your Own Research. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
In January 2018, the winter was particularly cold, but the young professional Linlin was filled with excitement. She saw a prominent figure on Zhihu discussing a project called 'BBB' that claimed to collaborate with digital currencies and had obtained a license, with an ICO price of 0.1 yuan, promising to multiply by 100 times upon listing. Linlin calculated that she had 80,000 yuan in her salary account, and if she invested it all, it would amount to 8 million coins. Thinking of this made her hands tremble. The prominent figure privately messaged her: 'Only 30 internal quotas left, and more than 50 funds have already joined the VIP group.' Without a second thought, she transferred the money, even without checking the contract address. Three months later, the project party announced a 'strategic suspension due to policy reasons,' the official website was inaccessible, the group was deleted by the group owner, and the prominent figure's account was directly canceled. Linlin's 80,000 yuan turned into a hash value that couldn't be traced. She later learned that during that time, over 200,000 retail investors across the country were scammed by the same script, with a total amount exceeding 1.5 billion. When the police cracked the case, they found that the so-called 'team' only consisted of 7 people, who operated from a rented room in the Philippines, using template websites and hired trolls, managing to launch a scam coin in just three days. Linlin changed her computer desktop to a phrase: 'In the cryptocurrency world, the most expensive thing is not the transaction fees, but the IQ tax you pay for believing the stories of strangers.' The wind has gone, the pigs have fallen, but the chain remains. What can truly keep you alive is only those three words: Do Your Own Research. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
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In September 2025, 28-year-old worker Xiao Chen from Hangzhou came across "Memecoin 3.0 Ultimate Form": a meme coin called GOAT, claiming to be "the sheep raised by Musk himself", with an image of him holding a sheep edited in. Musk had liked a tweet about it once, and the community exploded, rising 600 times in 24 hours. Xiao Chen exchanged his 150,000 year-end bonus, 80,000 from credit card loans, and 30,000 from his girlfriend's dowry into GOAT, and even opened a 20x contract. In the group, people shouted, "This time is different, Musk is personally involved," while he pulled colleagues into the group and sent a voice message: "If you don't join now, it will really be too late!" On November 13, Musk tweeted: "GOAT? I only raise dogs." In ten minutes, liquidity was drained, and GOAT plummeted from $0.38 to zero. Xiao Chen's account was instantly liquidated, leaving him owing the platform 42,000. His girlfriend blocked all contact that night and moved to her best friend's house. He sat at the entrance of his rental apartment smoking a five-yuan Red Tower Mountain cigarette, sending a WeChat message to his mother: "Mom, the year-end bonus won't be paid, and I won't be coming home for the New Year." Later, he left only one sentence on his social media: "The most expensive fantasy in the crypto world is treating others' boredom as your own opportunity." Remember: Every like from Musk is a harvest. The true GOAT (Greatest of All Time) will always be Bitcoin. All other "Musk concepts" ultimately mean "Musk will cut you." $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
On November 14, 2018, the BCH hard fork battle dragged the entire cryptocurrency world into an ice age. That day, BTC plummeted from $6,400 to $3,100, a drop of over 50%, with the entire market evaporating over $800 billion in a year. The protagonist is Lao Zhang, a Bitcoin believer who entered the market in 2017. He watched as BCH fork coins BSV and BCH ABC engaged in a furious verbal battle on the exchanges, betting all 8 million borrowed from selling his house on BSV, claiming 'Craig Wright is Satoshi Nakamoto.' On the day of the fork, the three parties tore each other apart, and the coin price plummeted like a cliff dive. BSV skyrocketed from $300 to a high of $35, leaving Lao Zhang with only 300,000 from his 8 million, unable to even pay the interest, and ultimately ending with a tragic leap from a building. At the same time, countless people carried ETH from $1,400 all the way down to $80, shouting 'Flipping Bitcoin is just a matter of time,' but time proved that only the scythe flipped them. The warning consists of three sentences: 1. The largest consensus in the cryptocurrency world is often the biggest scam; 2. Faith cannot be used as food, and even less as a stop-loss; 3. When everyone is fighting over 'who is the true god,' the only winner is always the dealer. History does not repeat itself, but it always rhymes. Don't become the next Lao Zhang; surviving is the true skill. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
In July 2025, 35-year-old Shanghai white-collar worker Lao Xu came across 'RWA (Real World Assets) ultimate windfall': a so-called on-chain US Treasury fund in cooperation with Ondo BlackRock, claiming a fixed annualized return of 8.7% with redemption anytime, even endorsed by links on the BlackRock official website. KOL live stream flooded the chat: the national team is entering, more stable than bank wealth management. He pooled 3.8 million yuan of his parents' retirement money, children's education funds, and house down payment all into it, and added 3 times leverage, thinking he had finally found the 'ceiling of wealth management in the crypto world'. The group checked in daily: 'Safety first, income after sleep'. On November 27, 2025, the project party announced: due to 'liquidity pressure from the custodian bank', redemption would be suspended for 90 calendar days. Then BlackRock issued a statement saying 'never cooperated'. The price plummeted from 1 dollar to 0.12, and the leverage was liquidated. Lao Xu turned gray overnight, standing on the rooftop of a building in Lujiazui, smoked half a pack of cigarettes, and finally sent a WeChat message to his wife: 'I'm sorry, I lost the family fortune.' Later, he wrote in his diary: The real RWA is Real World Anxiety. Anyone who puts the words 'guaranteed profit' together with the crypto world will only guarantee profit for those who run away. Money can be earned again, but if the family is gone, it is truly gone. The cruelest scam in the crypto world always wears the guise of 'the common sense you trust the most'. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
In November 2022, a post-95 girl named Xiaomei, living in Beijing, rented a second bedroom in Shenzhen and worked overtime until the early morning. She came across an FTX advertisement: bank-level risk control, 8% annualized loan interest, SBF testifying in the US Congress, backed by Sequoia and SoftBank. She transferred all her hard-earned 800,000 yuan into FTX, bought FTT, and borrowed 500,000 USDT to stake for interest, thinking, โThis time itโs stable; even Buffett was wrong.โ On November 2, a CoinDesk report leaked Alameda's balance sheet: out of 7 billion in assets, 5 billion was FTT. On November 6, CZ tweeted โliquidate FTTโ; on November 8, the withdrawal channel was directly closed. Xiaomei watched as her FTT dropped from 28 dollars to 1 dollar, her 800,000 principal with leverage liquidated, leaving her with only 17 yuan. She bought a standing ticket back home overnight and cried all the way sitting in the train aisle. Never bet your life savings on a risk you can't understand. Only those who survive a bear market deserve to talk about a bull market. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
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