2024-03-23 08:52:37
Cryptocurrency is essentially a casino, and to win in cryptocurrency you have to be one with the casino.This article is from DUO NINE YCCtweetsorganized, compiled and written by Shenchao TechFlow.
(Previous summary: Purism vs. Crypto Casino Faction: Generation Z just wants to escape poverty and get rich by gambling…)
(Background supplement: Thoughts “SLERF’s burning operation is a well-designed meme currency scam?)
This article is very important and you must understand it. Read and reread until you understand it completely. Make sure you understand after reading my real example project at the end.Fundamentally, cryptocurrency is a casino whose sole purpose is to ensure that players leave the casino with empty pockets.
And you are one of the players! To win in cryptocurrencies, you have to be one with the casino. That way you can leave with a lot of money. Let’s dig into it next.
When you enter a cryptocurrency casino, the first thing you see is Bitcoin. This is the most honest and legal part of the casino, but no one is interested in it. Players completely ignored it and quickly rushed to meme coins.
There are other altcoins, DeFi projects, and all the narratives and labels you find in cryptocurrencies. These are just different areas of the same casino! You are still in it.
They all have the same purpose: to drain players of their money
When you play slots on Solana’s “meme coins,” they also give you free drinks, such as points, rewards, zero fees, and more. They want you to keep playing (and losing more money).
The drinks are not free. Neither are points and rewards. Zero fees is an illusion created by cryptocurrency DeFi. Pay for your drinks = pay for using the native chain in BTC or ETH. In the long run, they are worth the investment.
Most cryptocurrencies are a zero-sum game. This means that if you make money, someone loses money. The casino is always making money from you.
Why do you think there are so many casinos?
Let me put it another way. Why do you think there are so many altcoins, meme coins, DeFi protocols, etc.? The purpose is the same. Either way, they’re going to get your money.
Extended reading: Milady meme coin $LADYF explodes!Officials suspected of pre-emptive trading, liquidity pool only 1 SOL was criticized
How to avoid this situation?You need to be one with the casino and embrace Bitcoin
As you watch new players rush into altcoins, you might as well invest more in Bitcoin. Sometimes, you will walk to other areas of the casino and buy altcoins, but you definitely can’t stay there forever.
You will always come back to Bitcoin and appreciate cryptocurrencies as a whole from there.
Sometimes, a beautiful lady will come up to you (in this case, temptation in the market) and ask you to buy altcoins. You politely declined the offer. You will never say yes. If you decide to visit later, you will go alone.
Further reading: Are meme coins equal to buying lottery tickets? Andrew Kang: Memecoin is an investment!The scale is at least a hundred times greater
How to integrate with the casino?
You walk up to the owner of the casino and start talking to him. He also embraced Bitcoin most of the time. It turns out that he is building a new area of the casino where you can invest and own some slot machines.
The rest is history. There are still risks, but they are lower and better for you.
As an example
You see the price of Solana is soaring. Meme coins are rising like crazy in this ecosystem. Solana Casino is doing a good job of keeping players excited. Players were so excited that they poured all their money into it.
So, they will lose a lot of money until their pockets are empty! Well done Solana. Casinos are printing money in large quantities.
What are you going to do?You can buy slot machines on Solana.
In this case, it’s the RAY or Raydium token, where all the Solana meme coins are trading. Don’t buy Solana’s meme coins! If you do this, you become a player.
Again, you get to be the casino owner, not the player, like in the picture below.
I bought RAY for $1.80. 24 hours later, it shot up 50%! It soon rose to over $3. Instead of gambling on meme coins, invest your money in a casino. If you do your research, you will make money.
When you finish your journey in the area of Solana Casino, take your profits and put them in Bitcoins. This is where they should be, and this is where you should be.
If you find yourself spending too much time in other areas of the casino, something is wrong. Your wallet will be drained, remember that. Worse, you might do the unthinkable!
You decide to sell your Bitcoins and permanently move to a different area of the cryptocurrency casino. If so, I have bad news for you: you become a player.
How to become a value investor in cryptocurrency?
You invest in the casino and its games, but you don’t play the games.Look for these opportunities, including in our community, and take your profits to Bitcoin and keep them there.
Only when you spot a good opportunity will you take money from your pocket and invest it in a new area of the casino.
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