This market has no legal protection. The only thing that can protect you is your risk control awareness.
The safest way is to keep funds in your own hands. FTX collapsed, how much user funds were recovered? Luna crashed, did Do Kwon apologize and compensate? The answer is none.
I have surveyed the losses of my friends around me, and 80% of them are due to putting their coins in various "convenient" places:
Centralized exchanges are hacked, DeFi protocols are attacked, and wallet service providers run away. As for losing funds from cold wallets, it's mostly due to user errors.
Many people find cold wallets cumbersome and are reluctant to pay the small transaction fees, but it's like parking in a place where thieves gather just to save a few bucks on parking fees.
The transaction fees may only be a few dozen dollars, but the loss of principal could be tens of thousands or even hundreds of thousands.
Don't underestimate every instance of FUD. You also can't let the hassle or the pain of transaction fees lead to huge losses on your principal.
Losing small to gain big is not worth it. Countless people have suffered this loss. The cost of avoidance is very small, but the cost of realization is very high.
🔥 Current Market Guide (2025 Passive Income Version )
BTC: Continuing to rebound, with just one sentence from Trump, the price skyrocketed; this market is too unpredictable. If U.S. stocks drop tonight, it will be disastrous.
GT: It rebounded directly back to its original position, ridiculously strong. It's now at a high point, the more it rises, the more it's time to sell. This afternoon's new issue is a good opportunity to reduce positions.
ETH: The rebound is also quite fierce. Currently, there are 2.36 million Ethereum lined up for staking. Any price above 4000 is an opportunity to reduce positions, and clear out in November.
Some important news from yesterday:
1. Tokens such as FTN, CONX, and ARB will see large unlocks next week, with FTN unlocking a value of approximately 40.2 million USD.
2. Macro Outlook for This Week: The Key Window for Fed Guidance Approaches, Initial Jobless Claims Release Pending
3. Analyst: This market crash does not mean a long-term bearish outlook or deterioration in fundamentals.
Speaking of today's daily BTC technical analysis, from the K-line perspective, the upward momentum is insufficient at the 1-hour level, the 4-hour level shows an upward trend, the 12-hour level is declining, and the daily level is also declining. The intraday resistance is at 185,000, with a support level of 112,000 USD.
Disclaimer: Personal operation diary, not investment advice! This article comes with a 50% inverse Buff, don't blame me if the market slaps you in the face. #CoinDesk9月Gate战绩来袭 #Gate500万U交易计划来袭 $BTC $ETH $GT
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[Trump opens his mouth and suckers feel uneasy]
This market has no legal protection. The only thing that can protect you is your risk control awareness.
The safest way is to keep funds in your own hands. FTX collapsed, how much user funds were recovered? Luna crashed, did Do Kwon apologize and compensate? The answer is none.
I have surveyed the losses of my friends around me, and 80% of them are due to putting their coins in various "convenient" places:
Centralized exchanges are hacked, DeFi protocols are attacked, and wallet service providers run away. As for losing funds from cold wallets, it's mostly due to user errors.
Many people find cold wallets cumbersome and are reluctant to pay the small transaction fees, but it's like parking in a place where thieves gather just to save a few bucks on parking fees.
The transaction fees may only be a few dozen dollars, but the loss of principal could be tens of thousands or even hundreds of thousands.
Don't underestimate every instance of FUD. You also can't let the hassle or the pain of transaction fees lead to huge losses on your principal.
Losing small to gain big is not worth it. Countless people have suffered this loss. The cost of avoidance is very small, but the cost of realization is very high.
🔥 Current Market Guide (2025 Passive Income Version )
BTC: Continuing to rebound, with just one sentence from Trump, the price skyrocketed; this market is too unpredictable. If U.S. stocks drop tonight, it will be disastrous.
GT: It rebounded directly back to its original position, ridiculously strong. It's now at a high point, the more it rises, the more it's time to sell. This afternoon's new issue is a good opportunity to reduce positions.
ETH: The rebound is also quite fierce. Currently, there are 2.36 million Ethereum lined up for staking. Any price above 4000 is an opportunity to reduce positions, and clear out in November.
Some important news from yesterday:
1. Tokens such as FTN, CONX, and ARB will see large unlocks next week, with FTN unlocking a value of approximately 40.2 million USD.
2. Macro Outlook for This Week: The Key Window for Fed Guidance Approaches, Initial Jobless Claims Release Pending
3. Analyst: This market crash does not mean a long-term bearish outlook or deterioration in fundamentals.
Speaking of today's daily BTC technical analysis, from the K-line perspective, the upward momentum is insufficient at the 1-hour level, the 4-hour level shows an upward trend, the 12-hour level is declining, and the daily level is also declining. The intraday resistance is at 185,000, with a support level of 112,000 USD.
Disclaimer: Personal operation diary, not investment advice! This article comes with a 50% inverse Buff, don't blame me if the market slaps you in the face.
#CoinDesk9月Gate战绩来袭 #Gate500万U交易计划来袭 $BTC $ETH $GT