On August 25, the founder of TON was arrested, causing the price of TON to plummet. The main reason was fraud and money laundering, and this incident happened in France. My first reaction was that this scene seemed familiar, because CZ, the founder of Binance, was also arrested before. This once again proves the saying: "History will not repeat itself exactly, but it often repeats itself in a strikingly similar way."
At such a critical moment, the selling tide of Bitcoin has not subsided, and new thunderstorms have occurred in the market. This makes people have to consider two questions: Is there really no bull market in the crypto in 2024? Cryptocurrency speculation is so difficult that many people no longer think about getting rich quickly, and it is so difficult to just get back the money they put in?
In fact, it is very difficult to make money in the crypto. It's just that many times, we are "brainwashed" by various speeches and media, thinking that we can make money easily. In order to attract more people to enter the market, the main force will use all means to hype it up. First, let the newcomers make a little money, experience the feeling of simple operation and making money with everything, and then start to harvest them after they are "fattened". In fact, the fate of institutions is the same. From CZ of Binance to the current founder of TON, they were all "harvested" by regulators in the end. But in the end, it is the retail investors who pay the bill, and the retail investors are the biggest victims.
This is the current situation of the crypto. Don’t just look at how much you have earned. The assets in your account may not be your legal wealth. The current crypto is no longer a grassroots era, but a mature financial market. Although the crypto has a short history of only 12 years, it has gone through three bull and bear cycles and has attracted 560 million people around the world to participate, which is destined to be different from the past. At present, the dominant position in the crypto is still mainly controlled by Europe and the United States.
Therefore, to make money in this market, you need to be extremely alert. Otherwise, if you are not careful, you may be swallowed up by capital without leaving any residue. In the crypto, it is always "big fish eat small fish, small fish eat shrimp". Finding your own position is more important than making ten times the profit in a wave of market. Because once you "win by lying" in the crypto and earn what others earn in a month or even a year, you can't go back to the past.
Don't imagine that you will be satisfied with how much you earn, that's just self-deception. People who can enter the crypto are usually greedy. Ask yourself: When did you lose money not because of greed? Is it really because you don't understand the market, or do you lack guidance from experts?
There are still 128 days left in 2024. How far are you from the goal you set at the beginning of the year? If you can understand the above points, you don’t have to worry too much about the future ups and downs of the market. As long as you invest your time and money in the right place, good results will inevitably be produced.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
If you want to know more about the secret of wealth or have any questions, please follow the official account: Crypto Conan
