Recently, a friend urgently sought my help, stating that the virtual currency he had purchased suddenly became unsellable. At first, I thought he was facing the common 'Pi Xiu Coin' issue, but upon investigation, it turned out not to be the case. Due to blind investment, he was now unable to offload the currency, anxiously asking if reporting to the police could help recover the funds, but the reality was not optimistic.
Such incidents are not uncommon in the primary market. The virtual currency field resembles a dark jungle, filled with individuals with ulterior motives. Investors may inadvertently purchase worthless counterfeit coins, encounter project parties absconding with funds, or even fall victim to manipulated trading and carefully designed 'pig butchering' scams.
Therefore, if you intend to venture into the primary market to purchase virtual currencies, you must act with caution. Before investing, carefully study the project white paper, diligently verify information on official websites, refer to authoritative media viewpoints, delve into communities to seek the truth, and humbly consult professionals. Fully understand the background and strength of the issuer, and do not engage in unprepared battles.
It is important to know that once you encounter fraud, regardless of the amount lost, the difficulty of recovering funds is significant. We must rely on our own wisdom and prudence, discard the fantasy of getting rich overnight, curb greedy desires, and remain vigilant, thinking and weighing our decisions multiple times.
Opportunities and risks coexist in the primary market, and the investment path must be taken step by step. Remember, caution is the first principle of investing. Only by doing so can we protect our wealth in the complex and ever-changing market.
ρꪊρρⅈꫀડMusk-themed puppy, Ethereum chain, 16K+ holding addresses! Must lay low in a bull market!
