What lessons did the arrest of SBF leave to blockchain entrepreneurs?

Dec 27,2022
What lessons did the arrest of SBF leave to blockchain entrepreneurs?

Since the FTX thunderstorm, many people hope that more people in SBF hope that he can spend the rest of his life in prison. Before SBF was arrested in the Bahamas, he also declared to participate in the target FTX hearing in the United States. The following content will answer for you.

1、 What happened after SBF Bahamas was arrested?

Since the FTX thunderstorm, many people hope that more people in SBF hope that he can spend the rest of his life in prison. Before SBF was arrested in the Bahamas, he also declared to participate in the target FTX hearing in the United States. The arrest was carried out in accordance with the requirements of the American authorities, and the testimony originally planned to testify on Tuesday was also exposed. SBF blamed all these collapses "control was concentrated in the hands of a few inexperienced people".

At the same time, action FTX Today (December 13), the US authorities also investigated the competitors of the currency security. This event once caused panic to withdraw the currency. CZ publicly said that due to the exchange rate problem and the currency delay, some people's doubts could not be dispelled. Some communities also began to discuss the currency security. Of course, many people believed that the currency security was safe. After all, Not long ago, money security sorting and asset audit (after the FTX incident, many exchanges hired a third party to audit their own assets to prove their innocence.

2、 Change from admiration by thousands of people to shouting and fighting by everyone

In fact, there are many online reports about FTX and SBF, which will not be summarized here. Today, we focus on what blockchain entrepreneurs need to pay attention to behind the collapse of FTX, which is the most important for everyone. The bull market can indeed cover up all problems, but the bear market will eventually expose everything and stand the test of the bear market for a long time.

The bull market of SBF and FTX is growing, followed by the bull market. Solana, alameda research and hundreds of related companies. Many people pay attention to it for the first time. SBF may be the starting point for SBF to pay attention to Biden's huge donation to the mainstream media during the US election.

Then, depending on the political resources, SBF's FTX is also unobstructed. It is very difficult for money security to enter the United States. FTX has obtained many licenses in the United States. At the same time, when it obtained many licenses DeFiSummer in the United States, SBF's staffing made him popular. With the staffing, Solana's money making effect was firmly remembered, even though it was unknown before. Every bull market will have some bullies. These people are officially known for their earning effect. Just like the three arrows, Luna, AC and Tiger Fu are the same. They used to mean money, and SBF is one of them.

From behind, SBF and Sanjian, Luna failed because of endless leverage and doing some dangerous things. From a large perspective, there will inevitably be some institutions or projects in the bull market. They ignore risk control, and ultimately thunder and lightning. After all, the bull market is not long, and the bear market will eventually come. Lucky is wrong, and also the ultimate cause of failure.

3、 Rule overstepping becomes the key factor

From the psychological point of view, if people forget themselves and try to change the market by themselves after rapid success, we can see that for a period of time, as long as the hot wallet became the target of many small teams and institutions, as long as the hot wallet became the target of many small teams and institutions, SBF people were the first time to catch up with the trend of which project they participated in, which is also the trend of the first time to catch up. The reason that SBF people pay attention to is that it is easy to expand their mentality after success, thus laying the groundwork for future failure.

Going against the trend is the easiest way to fail. There are many such cases in the financial market. Stop loss in time is the key. Keeping a good attitude is the most important factor for success. How to keep it going through bull and bear markets. When money slowly enters your pocket and slowly loses, the mentality changes from excitement to tension, to regret, and finally returns to calm. Only in this way can we remain calm in the next bull market.

We can see that this bull market has lost many owners of the currency circle. In fact, many of them or pay attention to the currency circle, but they just learn to keep a low profile and can also do humiliation. Although some factors are caused by the domestic environment, this form has saved many people from major attacks in order to survive stably.

People who succeed quickly are also most likely to fail quickly, because it is difficult for them to judge why they succeed. Most of the reasons for success are caused by the environment, and personal factors account for a part, but not the dominant factor. SBF is known to the currency circle by virtue of technology+marketing+money, Sun Yuchen is also known to the currency circle by virtue of marketing+money, and marketing is known to the currency circle+ Money is very easy to achieve a person, but it is difficult to maintain, because the mentality is different.

Because there are domestic policy influences, such as Brother Sun, which are basically red line warnings. They should consider what they can touch, what they cannot touch, and to what extent. Although they are constrained in doing things, they can still be active in the circle for a long time, at least no major events will happen.

However, foreign policies are relatively open, and entrepreneurs can easily touch the red line, thus losing the final bottom line, leading them to constantly close to the edge of danger. The misappropriation of leverage is a common operation, which will eventually lead to its own consequences. After FTX bankruptcy protection, SBF is still active on the Internet, making various comments without fear of being caught, which ultimately leads to this situation.

summary

To sum up, the blockchain and encryption industry is not stupid money. This field is full of risks and opportunities. As long as resources work harder, they can harvest their own business, and they also need to remain in awe of the market and industry. This is not a free teller machine, and all the results are doomed to be at the beginning, which is also very critical for blockchain entrepreneurs.