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In just a few days, multiple GameFi projects collapsed one after another, and I realized that these competitive game tokens are basically Ponzi schemes.
There are only about $200 left in my account. Splinterlands' daily earnings have long since bottomed out, and there's basically no profit to be made anymore.
What's even more heartbreaking is that I previously promised my family a red envelope for helping me complete the exchange KYC verification. Now that I've lost all the money, I can't come up with this amount at all, and I really don't know how to explain it to my family.
Unwilling to accept the loss passively, I started to actively study. Reading materials, learning analysis, researching the tricks of project teams... Every mistake I made changed my understanding of this market. From blindly following the trend to learning how to identify risks, perhaps this tuition fee is the most valuable part of this experience.
Honestly, $200 can still turn around, but I'm just worried about how to explain the promises made.
The tuition fees still need to be paid; making money isn't that easy.
Splinterlands really pulled out; I should have left long ago.
But being proven wrong like this is also good; it's better than continuing to blindly follow the trend.
The key is whether I can truly learn something next, or else it would be a huge loss.
Family is still waiting for red envelopes, huh? Haha, this is awkward.
Less than 200 yuan left, and you still want to turn things around? First, consider the losses as tuition.
Splinterlands earns almost nothing daily; this game should have been abandoned long ago.
Promised red envelopes but ended up losing everything—how do you even settle this account?
Time for a remedial lesson; regret is always late—why did you do it in the first place?
Risk recognition ability is valuable, but these prices are indeed a bit harsh.
It's just that being too greedy; those blindly following the trend deserve it.
Whether this tuition was worth it or not, let's see if you can make a comeback later.
These Ponzi schemes should have been seen through long ago. We are just latecomer retail investors who wake up too late.
Explaining to family? Bro, your perspective is a bit narrow. You should have brought them in to lose together long ago.
Oh wait, before admitting fault, think about whether I can gamble another shot with the current $200...
It's great that you've learned to recognize risks, but the problem is you'll still make the same mistakes next time haha.
Splinterlands has also fallen? Those game tokens are really just harvesters.
As for that red envelope money at home, just tell them you enrolled in the most expensive training course in the crypto world, the tuition has been paid.
The daily earnings from Splinterlands have long been just feeding mosquitoes. Now I finally understand what "initial gains are an illusion" means.