I have summarized a phenomenon and would like to hear everyone's thoughts. In domestic offline event projects, I found that many times it is actually a scheme led by Chinese people behind the scenes. Investors participating in yield farming or new token launches are most likely to get caught in a反撸 (counter-attack).
Irys and Cysic are my personal experiences. I attended offline events for both projects, and as everyone has seen—it's basically a反撸 situation.
This lesson changed my perspective on such projects. In the future, when I encounter domestic event projects, I will analyze more cautiously and not follow the trend blindly. Risk awareness sometimes requires real money to exchange for.
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WalletManager
· 12-16 20:52
I've seen through the idea of anti-attack long ago; just check on-chain data and you'll see who is dumping the market.
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LiquidationSurvivor
· 12-16 20:45
Bro, you're so right. This is the old trick of domestic projects.
Only after being "反撸" (counter-rolled) do I realize that those who participate in offline events all become bagholders.
I was also there during that Irys event, and I'm still just sitting on it.
Next time I see an event organized by domestic groups, I'll just skip it.
I have summarized a phenomenon and would like to hear everyone's thoughts. In domestic offline event projects, I found that many times it is actually a scheme led by Chinese people behind the scenes. Investors participating in yield farming or new token launches are most likely to get caught in a反撸 (counter-attack).
Irys and Cysic are my personal experiences. I attended offline events for both projects, and as everyone has seen—it's basically a反撸 situation.
This lesson changed my perspective on such projects. In the future, when I encounter domestic event projects, I will analyze more cautiously and not follow the trend blindly. Risk awareness sometimes requires real money to exchange for.