Only by buying mainstream coins can you sleep, and rubbish coins let those who can’t wake up buy them
1. The distributed storage industry polluted by pyramid schemes
In yesterday’s article, some readers said that the distributed storage industry has also been ruined by the circle.
This speaks to what has been and is happening now. The concepts in distributed storage have been popularized by various companies, but these companies have not come up with any meaningful products or services.
Last year, IPFS was used by quite a few shell companies and circles as a gimmick to sell so-called mining machines that cannot dig out Filecoin to users who don’t know the truth. A company in a central province once sold a large number of mining machines under the guise of dual mining with one machine, and finally the person in charge absconded with the money. There are many more like this.
Now quite a few companies are taking advantage of the upcoming launch of the Filecoin mainnet to promote mining machines that may not be able to mine at all.
I have a series of courses on IPFS/Filecoin in Himalayas, which reveals Panquan’s routine of using mining machines for fraud and pyramid schemes.
2. MLM and models are difficult to eradicate in many emerging fields
Not only IPFS/Filecoin, some so-called hot coins in the currency circle are fund disks. This phenomenon is distressing, but it is a problem that is difficult to eradicate in any emerging field.
When an emerging technology shows investment properties and has a wealth effect, scammers will definitely use the weakness of human nature and the concept of emerging technologies to market and defraud in the first place.
And a small number of people who really want to understand the technology and understand the truth will definitely take the time to study it carefully. After these few people have studied it clearly and learned the truth, the scammers have already taken money and fled.
Altcoins that claimed to surpass Bitcoin and Ethereum one after another, wallets that claimed to have financial management functions one after another, and model coins that resonated with various mainstream currencies all flashed in front of us like a revolving lantern. After singing, I will appear on stage.
The currency circle and the chain circle show us two completely different worlds: in a slightly niche group, what we see is the progress of technology and the popularization of knowledge; while in the broader non-mainstream community, we see What's more, it is the "sparkling debut" of various model coins and MLM coins.
Human greed will prevail over reason in most cases, so the victimized masses will always outnumber the beneficiary minority; in most cases, the voice of a liar will be louder and more deceptive than the voice of reason, so the voice of a liar will always be Spread wider and louder than the voice of reason.
This is what we see in the currency circle and chain circle.
3. How ordinary investors can avoid falling into the trap
So how can we ordinary investors avoid falling into these traps?
1）Don't believe the myth of getting rich overnight. There is no such thing as getting rich overnight in any industry or field. It's just luck, not strength. Luck cannot always exist. Too many people get rich because of luck, and lose everything because of "luck".
Many big names in the currency circle show outsiders the attitude of getting rich, but what they don't show is their suffering in the dark.
2）Don't be tempted and deceived by various high-return model projects.There is no such thing as pie in the sky. Whenever you encounter high-return and high-interest things, you should remind yourself: I earn his profits, and he wants my principal.
3）Pay more attention to the latest industry information from learning, so that you will naturally become immune to model coins and MLM coins over time.
Finally remind everyone,Only by buying mainstream currency can you sleep well, and only by buying mainstream currency can you get rich. Air coins and MLM coins are bought by those who will never wake up.
