Source: Dao Shuo Blockchain
Recently, I came across a post on Twitter about a user’s experience with zkSync.
This user has dedicated a significant amount of time, energy, and resources over the years to various transactions on zkSync. Throughout this period, the user’s commitment and focus have been unwaveringly supported by their spouse, even during the toughest times when their spouse remained steadfast in their belief.
However, the results of this dedication have been minimal, which was a devastating blow to the user’s morale.
In the comments section of this post, the user shared their experience – they even went as far as quitting their job to fully immerse themselves in this endeavor for maximum returns.
The experiences of this user and some of the commenters left a mixed feeling in those who read about it.
Today, I want to highlight some serious mistakes that I believe the user made in this entire ordeal, hoping that our readers can avoid falling into similar traps and prevent such tragedies from happening again.
When it comes to anything, the overall strategy should be sound before focusing on the details. If the big strategy is correct, minor flaws in execution may result in slower progress or lower efficiency. However, if the overall strategy is flawed, no amount of attention to detail will make up for it.
In this particular case, I believe one of the user’s most significant mistakes was a flawed overall strategy.
The concept of “taking advantage of opportunities” has evolved, and it is no longer the easy way to profit as it once was. Nowadays, there are strict policies set by project developers to prevent tokens from being airdropped to speculative investors without loyalty to the project.
Under this premise, developers typically adopt two approaches:
1. Clearly stating the criteria for airdrops, such as projects like Blast and EigenLayer – where those who stake the most assets receive the highest airdrops.
2. Ambiguously stating the criteria for airdrops, keeping the community hopeful but uncertain about the results.
With the first approach, it is evident that it becomes a game of who has the most money. In such games, it is best for individuals to participate within their means. The airdrop will happen or not, regardless.
In this scenario, individual investors are less likely to suffer losses because they understand the rules and will not heavily invest in such games. Not heavily investing means less risk of “high hopes leading to great disappointment.”
The second approach becomes a gamble. Without clear rules, but the promise of a significant reward, it is easy to create illusions.
In this game, developers have complete control, and participants have no bargaining power. However, this game is more likely to lead to impulsive decisions and injuries. The tragedy in the case mentioned above was a result of this kind of game.
If we can suppress our greed and calmly think, we will realize that in games with unclear rules, questionable fairness, and transparency, any profit made by participants is purely luck.
Since it is luck, we should not risk all our assets and everything we have in a gamble.
Therefore, strategies that heavily invest and gamble in such games are fundamentally wrong.
A more rational approach, as I have mentioned in previous articles, is to participate within the limits of time, energy, and resources.
If we delve deeper, we will realize that these participants have a bigger issue: the relentless pursuit of overnight wealth.
Whether it is the user’s “all-in” approach or the commenters’ “full-time operations,” all actions are driven by this relentless pursuit of overnight riches.
This relentless pursuit infects 99.9999999% of people in the crypto ecosystem.
Due to missing out on Bitcoin, people hope to get rich overnight by going all-in on altcoins.
Due to missing out on Ethereum, people hope to get rich overnight by betting on Ethereum killers.
Due to missing out on Bitcoin and Ethereum, people hope to get rich overnight by speculating on MEME coins.
Due to missing out on ORDI, people hope to get rich overnight by speculating on other tokens.
Due to missing out on all coins, people hope to get rich overnight by taking advantage of opportunities.
…
In each hope for an overnight fortune, there are of course some winners. But we must carefully consider the actual success rate and ask ourselves, why should it be you or me?
Therefore, for these speculative games, I believe that participating with a calm and accepting mindset is the best approach for individual investors.
