The seven layers of reincarnation in the crypto world

1. Bitcoin loyalists are either the early adopters who bought Bitcoin or die-hard believers. They share a common trait – they have Bitcoin bought at low prices sitting in cold wallets. During bull markets, they modestly pretend to be poor, while in bear markets, they quietly accumulate more. Most of their account funds are invested in Bitcoin, with altcoins only making up a small portion of their investments. These individuals do not engage in contracts, do not touch options, avoid small exchanges, do not follow trades, and do not participate in asset management.
2. Miners are known as the "money printers" in the crypto world. In the early days, you could mine coins using a home computer, but now you have to spend money on mining machines and look for cheap electricity. When the market is good, they earn a fortune, but during a bear market, they can't even afford the electricity bill and can only shut down their machines in tears.
Currently, mining is prohibited by Chinese law, and the worst part is the policy risk—
3. Ponzi scheme (capital pool model)
The crypto world often waves the banner of "the next Bitcoin," falsely claiming to have national backing, promoting deceptive hype such as "disrupting the financial market," and using methods like dual-track systems and referral schemes to promote their self-created tokens. Early participants may profit, but later joiners are destined to lose everything.
According to statistics, this type of victim accounts for 55% of crypto world participants. Most people are tempted by greed, not only losing everything themselves but also dragging their friends and family into the abyss—some even bear huge online loans. Even more tragically, they have overdrawn their trust in relationships: their own savings are gone, and the funds of their followers have also vanished. Those who participate in Ponzi schemes for a long time will ultimately end up losing both their money and their lives. Most are in Shenzhen and Chengdu in China, with many abroad in Malaysia and Southeast Asia!
4. Traders (betting on probabilities) These people watch the K-line charts every day, busier than stock investors. Some achieve financial freedom through short-term trading (less than 5%), while more pay transaction fees to the exchange as "fuel."
Short-term trading relies on probabilistic buying and selling, but most retail investors ultimately become "chives" - frequently trading incurs transaction fees, emotional trading leads to capital loss, and leveraging leads to direct liquidation.
Tip: Traders who have not completed the trading system and those who do not practice what they preach should stay away from ultra-short-term trading and contract trading. Most traders have short-term, medium-term, and long-term accounts.
5. Shitcoins and rug-pull gamblers (high-risk enthusiasts) think Bitcoin is rising too slowly? They specifically look for hundredfold coins. DeFi is booming, so they rush into DeFi; NFTs are hot, so they speculate on NFTs; the metaverse is booming, so they buy virtual land; national presidents issue coins to chase after rug-pulls.
These people have two characteristics: first, they dare to go all in when FOMO (fear of missing out) hits, and second, when they lose money, they say "hold long term." The most magical thing is that they always manage to buy at the highs and sell at the lows, perfectly avoiding all opportunities to make money.
6. Scammer (Contract Exchange - Customer Loss)
There are those packaged as Wall Street elites, some pretending to be tech gurus, live streaming daily to discuss trends, ultimately leading you to deposit into small contract exchanges and completing a large amount of harvesting within weeks. In recent years, their tactic has been to trade short line coins with contracts, flaunting luxury cars and mansions in front of the camera, while constantly urging you to deposit into small contract exchanges behind the scenes.
Remember: Anyone who uses "guaranteed profit" to deceive you is basically a scammer. There are no guaranteed profit trades in the crypto world, only scythes and leeks.
7. The empty walkers (maximum cardinality) are the most painful group: "If I had known, I would have bought Bitcoin back then!" "I almost entered the market during last year's bull run..."
They always spend their time in regret: afraid to buy in a bear market, afraid to chase in a bull market, and in the end, they can only grit their teeth and enter at the tail end of the market, only to get stuck. In short—wanting to get rich quickly while fearing losses, but in the end, they end up with nothing.
Summary
The seven layers of reincarnation in the crypto world are reshuffling every day, and the only constant is that human nature always swings between greed and fear.