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⚡ Welcome to the EGY Coin community!⚡
Have you just joined the group and you’re still confused? Don’t worry! Today I’ll tell you about the traps and tricks in the crypto world—and how to play so you don’t get cut!
🔥 What kind of place is the crypto world?
It’s like Chen Tang Pass—there are gods fighting every day, and demons stirring up trouble too. If you’re lucky, you can turn things around and become a big boss; if you’re unlucky, you’ll get chopped into chives and harvested directly. What are we EGY community doing? We want to promote world Egyptian culture, as well as digital animation and digital film culture. We’re bringing the spiritual energy of mythological Egyptian characters. At the same time, we’re also going to make some silver.
But then again, the crypto world is a high-risk place. If you want to make money, you have to learn some rules first—otherwise, you’ll have your pants stolen before you even step onto the battlefield!
💰 The basic terms you need to know before entering the crypto world!
1️⃣ Meme Coin—What is a Meme Coin? Simply put, “everyone thinks it’s fun, and that it can go up,” and it really can go up! EGY Coin is a Meme Coin, but I’m not like those other demons and monsters—we’re here to defy heaven and change our fate, forging a myth on the road to the peak!
2️⃣ FOMO (Fear of Missing Out)—When you see others making money, you can’t help but rush in. Then once you’re in, you end up standing at the ceiling, and in the end you can only cry while cutting your losses. Remember: before charging in, first make sure you understand the situation—don’t run around blindly!
3️⃣ DYOR (Do Your Own Research)—Always asking, “Can I buy now? Will it go up?” is like asking, “Where in Egypt can I go?” **The key is timing!** Learn some knowledge yourself—don’t let people fool you!
⚔️ The traps in trading!
⚠️ Slippage—During a trade, the price can fluctuate a bit. For example, you want to buy an Egypt coin worth 1 BNB, but the executed price is 1.1 BNB—this is slippage. If you set it too low, the trade might fail; if you set it too high, be careful of getting scammed!
⚠️ Priority Fee—BNB trades depend on blocks being packed and processed. If you want to cut the line, you have to stuff miners with some red envelopes. If you don’t add a priority fee, your transaction might not get processed for half a day. And while the price is flying to the sky, you’re still waiting!
⚠️ LP (Liquidity Pool)—You can put your coins in there so others can trade with them and you earn trading fees, but there are risks. It’s like Nezha borrowing the Universe Ring—if the person who borrowed it runs away, the ring can’t be gotten back!
🐳 What identities do people in the crypto world have?
🐋 Whale—A big player; a ruthless character who can swallow the market in one gulp. When they buy coins, you think it’s an opportunity; when they sell coins, you’ll know it’s over.
🦈 Shark—A capital boss slightly smaller than a whale, but still capable of stirring up the market and turning it upside down. Don’t let them fool you into following along and running around chaotically.
🌿 Chives (Newbie)—New players who buy at the highest point and sell at the lowest point, shouting “belief” with their mouths, but their wallets are already empty. Don’t worry—since you just came in, our Egypt coin community won’t let you become chives!
💎 Diamond Hands—No matter how much it drops, they won’t sell. They firmly believe the coin price can soar into the sky. Sometimes they end up winning big, and sometimes they turn into a museum exhibit.
#我的Gate交易时刻
The birth of the legendary EGY
To be continued