Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Having been in the crypto world for over half a year, I consider myself to have paid some tuition fees. The most profound lesson came from a pump signal experience— that incident painfully pulled me back to reality from being a "preparatory leek" (newbie). Instead of dwelling in regret, it's better to dig out these pitfalls and help newcomers see through the true face of the tricks.
It all started at the beginning of this year. At that time, I was a complete novice who couldn't read K-line charts. One day, I was bombarded by posts from a group of top influencers in the discussion forum. They all hyped up a small coin (let's call it Coin A), shouting slogans like "100x potential stock," "institutional heavy holdings," "missed out for ten years," with loud slogans. The comment section was filled with "already on board," "waiting for takeoff." In a moment of impulsiveness, I followed the trend and heavily bought in at a price of 1.45.
But that very night, I started feeling something was off. The promotional copy of these KOLs was almost identical. Anyone daring to question in the comments was immediately attacked or even had their comments deleted. What hurt even more was that the market performance was completely opposite to their slogans— I held my position for two days, and Coin A kept falling, while the KOLs shouted even more fiercely as it dropped. This stark contrast woke me up instantly.
On the third morning, without any hesitation, I cut my losses and sold out. Looking back, the tricks of these KOLs are quite obvious: unified rhetoric, suppression of dissent, and price divergence. They don't seek genuine discussion; they aim to create a one-way flood of information, drowning out all doubts. In the crypto circle, being wary of such tricks is more important than anything else. Staying alive is far more valuable than catching every market wave.