"The Consensus of Foolishness, Not Even Qualified to be Harvested"

This article is the 133rd original piece by Lu Canwei.

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A few days ago, I published an article urging everyone to calmly view investments in the cryptocurrency space, but it seems to have little persuasive power. Over the years of development, the focus remains on finance. A few days ago, a friend mentioned that most of the current blockchain still has financial attributes; it’s just a borderless, 24-hour casino.

Many people entered the market without even understanding what blockchain is, then threw their money directly into the sea, not even qualifying as "chives" (a term for inexperienced investors), and I can only say that this generation of "chives" is truly lacking.

All of this originated from the explosion of a copycat coin, which was hyped up just because the founding team knew someone from a mainstream coin. However, this is merely a social experiment; currently, the ecosystem has nothing, it’s pure air.

Of course, we can't forget the team trying to hitch a ride on Musk's fame, forcefully explaining things.

Such a thing relies on various groups to spread the myth of getting rich quickly, attracting a bunch of new "chives" to take over.

In other words, retail investors account for less than 17%, while large investors hold 33%. Once they fatten up the market, it’s only a matter of time before they dump it, so at that time, let’s see who runs the fastest.

Finally,

I don’t have much to say today. In fact, I see that many people who can make money from investments are going against human nature and common sense. Everyone is an ordinary person; only through gradual accumulation of wealth can one move towards financial freedom.

When you see a so-called "opportunity," ask yourself what you did to get such an opportunity, and why would someone tell you about it? What’s in it for them?

Take the example above; of course, the more people buy, the better for them, as they have already stockpiled early. When the opportunity arises, they raise the sickle and start harvesting. What have you done that makes you better than others? Others entered the market earlier, while you haven’t even learned how to transfer funds and are dreaming of getting rich overnight?

Even in centralized P2P, it’s difficult to protect your rights; let alone these decentralized things, where you don’t even know who to turn to. Although it’s said that others fear your greed while you fear their greed, when everyone is in a frenzy, can you still hold onto your fear? Or are you worried about missing out?

It’s not that everyone should avoid this market, but rather that everyone should view it rationally. With high returns come high risks; invest rationally. Even if you want to speculate, I see many people in my social circle riding the wave, making a small profit. At least they know when to enter and when to exit.

If you lack even this basic understanding, then you’re purely relying on luck. Why should your luck be better than others? Moreover, you don’t even know how long the information you have is valid; perhaps the earliest batch has already cashed out, and you’re just picking up the second batch.

Finally, let me show you two pictures to ease your shock…

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