2026-01-09 23:21:38

"This is a Web3 project that will change the world! Missing this is like missing the internet boom!" When I heard this, I got excited. I invested my entire 400,000 yuan down payment for a house. Six months later, the project ran away, leaving only a statement saying "poor market conditions." Looking back now, I finally understand one thing: the most valuable thing in the crypto market is the narrative, and the most deceptive is also the narrative.

In 2023, when the Web3 concept exploded, I was bombarded with various "decentralized social"

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
6
Repost
Share

Comment

0/400

consensus_failure

· 01-09 23:51

This is just pyramid scheme talk with a different shell, still riding the trend? That's hilarious.

View OriginalReply0

OvertimeSquid

· 01-09 23:50

400,000... Brother, how much courage does it take to go all in at once? Thinking back now, I really must have been out of my mind. --- Narrative can sell, but it can also kill. That's the weirdness of the crypto world. --- It's the same line every time: "Missed this opportunity." Someone always falls for it—truly incredible. --- The project team’s phrase "poor market environment" actually means our wallet environment has improved. --- Six months to run away—that's quite efficient... Pity your house dream. --- The biggest product of Web3 is creating anxiety, really. --- Are people still getting brainwashed by this kind of talk? I just can't understand why they keep rushing in. --- Honestly, these blood-and-tears stories are the most educational; they're worth more than any financial management course.

View OriginalReply0

StopLossMaster

· 01-09 23:49

400,000 directly lost... This is a classic case of being killed by the narrative, really.

View OriginalReply0

Layer2Arbitrageur

· 01-09 23:48

lmao, "market conditions" is just fancy copium for rug pull. dude just got liquidated by his own fomo. but ngl analyzing the gas consumption on those failed bridge txs? clear 500+ bps leak waiting to happen if you know how to read calldata. people panic sell while smart money extracts value from the chaos. that's the actual edge.

Reply0

MetaLord420

· 01-09 23:44

Ha, a 400,000 down payment... this guy is really brave, just go for it. Narratives are indeed the key to the crypto world; the more enjoyable the story, the worse the losses. --- It's "missed it and it's gone," this line is everywhere, and someone always falls for it. --- Poor market conditions? Ha, that's the standard scapegoat line in the crypto circle, I can recite it by heart. --- Basically, it's being killed by stories. The deepest lesson from this wave of Web3 is definitely for these "believers." --- 40,000... I didn't expect someone to go all-in to this extent, isn't that just gambler's logic? --- Narratives are the poison of the crypto world; good stories are worth much more than the code itself, how ironic. --- Reading this article, I was sweating for the guy, but I guess it's a lesson bought with money. --- Every time I hear words like "change the world," I think of projects like this—same old套路.

View OriginalReply0

LiquidityNinja