Who should be blamed for the loss of money from speculating on MEME Yesterday I saw this tweet saying that an old man (address 0x2fcfd3aa4ba87c6aa14c9928c17f6aaa3652224fa) cleared all on chain MEMEs, resulting in a loss of 4M First, let's take a look at the concept of 4 million dollars. Converted to RMB, this is close to 30 million dollars. I don't know how you feel, but I can't imagine it. Secondly, where did the old man suffer losses? Binance Life, Customer Service Xiao He, Hakimi, PING (Oh my God). Basically, it belongs to the highly popular and widely discussed topics on the internet recently (especially the CT circle in China). So, can it be said that this old man lost 30 million yuan in blood because he believed in the "slanderous words" spread by various big V's? Coincidentally, in the past few days, someone has criticized the big V Jieguangzi for deceiving (lack of judgment) individual investors. I really didn't buy these Chinese MEMEs, but Ping did indeed lose money (that's right) ）， But I think it is worth discussing whether to blame others for "seducing" when losing money. In theory, speculation should follow the following principle: 1. Listen to the opinions of the majority of people 2. Discussing with a few people 3. Make your own decisions However, upon closer observation, you will find that many people's choices regarding buying MEME seem to seriously contradict the principles mentioned above. 1. You saw a big V discussing a certain coin on Twitter 2. (Optional) You see more people discussing it 3. (Optional) Someone or a few people tell you that this coin is really awesome 4. You take the money and rush in at lightning speed What are the differences here? Many people skip the stage of "analysis and judgment" and let others' "judgments" replace their own judgments. It seems not an exaggeration to say that they blindly believe. In other words, if you take care of your own brain, you won't believe what others say. Human beings are indeed highly susceptible to environmental influences, but often we are not easily aware of this. This nature was an excellent life-saving mechanism when we were primitive humans. For example, while hunting in the wilderness, you suddenly see your primitive human tribe running wildly without reason. You won't stop to study, analyze, and think about what exactly causes their 'irrational' behavior. In that case, the most likely outcome is that you, who love to think, become the lion's lunch today. Your most likely behavior is to immediately start running wildly, regardless of whether it's a lion or a gust of grass. Running first is definitely the right thing to do. But this nature, in modern society, especially in the financial field, can be said to have become a serious flaw/BUG that is extremely easy to exploit. Follow the trend FOMO makes it easy for you to get involved: Don't analyze and research, hurry up and buy with the big shots. But there is a hidden problem here: 1. Big V buy first 2. Big V started to vigorously engage in pyramid schemes 3. You follow the trend and buy 4. Big Vs are starting to sell (but they won't tell you, at least not publicly promote) 5. You and I have become withdrawn from liquidity This is a bit bad. It's not human to blame others for not notifying you in advance before getting off the car. Correspondingly, you should not blame others for not telling you before getting on the car, as it is also inhumane. To sum up, speculation is the most important decision-making process, and it can only be done by yourself. The discussions and cheers of others can only serve as the basis for your evaluation, such as assessing popularity, current stage, whether it is early or late stage, whether to buy or sell, and so on. But it cannot replace your valuable thought process. One should not casually donate their brain. Isn't it a pity to donate something with such a great brain?! This article can be considered as a review of my own losses on PING. The above.