Investment Section

  1. Following the Trend Without Understanding: Seeing the market booming, everyone is talking about it, and hearing it’s very profitable, I jumped in. Or after friends and influencers recommended it, I followed suit. Without understanding, not having studied, unclear on the logic, and without conducting research, I just plunged in blindly.

  1. Heavy Investment: With good luck, I made a profit and thought I was a genius trader, the chosen one. The crypto market seemed like my ATM, so I increased my investment and went heavy, ultimately resulting in large losses.

  1. Leveraging Recklessly: Just having a heavy position is not enough. In a moment of excitement, borrowing money from friends and family or taking loans to leverage investments leads to significant losses in the end.

  1. No Profit-Taking: No profit-taking, leading to losses when prices drop later.

  2. Non-Discretionary Investment: Investing not with spare money but with living expenses, becoming unstable with any fluctuations and wanting to cut losses.

  1. Adding Positions in a Downtrend: Continuing to add positions while the market is falling, fantasizing about a rebound, contrary to the trend, leading to increasing losses.

  2. Entering at a High Position: Some people are unlucky, entering the market at a high point.

  3. Ignorance and Luck: Some people know nothing about the risks of the crypto world and just jump in seeing high returns. Some have a lucky mentality, thinking they won’t be the unfortunate one who loses money, until they are forced to exit.

  1. Buying Equals Learning: Seeing something and thinking it's amazing and wanting to learn, but being lazy after spending money, or learning a bit shallowly without practice, or trying something and then giving up, without persevering to put it into practice, ultimately leading to no results. The result is that buying is not as effective as imagined; it may be useful, but not that useful.

  1. Impulsive Course Enrollment: Blindly and impulsively bought many courses and joined many groups, but ultimately found them unsuitable for themselves and not very useful.

  1. Exaggerated Promotion and Cutting Leeks: Scythe exaggerated promotions, deceiving people into buying, only to find poor delivery afterward and feeling fleeced.

  1. Desperate Measures: In a state of desperation, thinking that spending money will save them, reverse their situation, and become wealthy.

Fraudulent Lending Section

  1. Gullibility: Believing the words of acquaintances/ influencers/ circle friends, buying things/investing money, and ultimately losing money.

  2. Getting High on CX: Seeing 'good projects' without understanding them, fearing to miss out, and rushing in.

  3. Lending Money to Others Who Don't Pay Back: Lending money to others, and they don't pay it back (never lend money carelessly in the crypto world).

  4. Loaning Against Contracts: Unwilling to lose, competing with the market, borrowing more and more, leading to a vicious cycle.