Since the FTX thunderstorm, many people hope that SBF can be arrested, and more people hope that he can spend the rest of his life in prison. Finally, in the near future, SBF also announced that he had participated in the activities of the United States before the arrest of the Bahamas. FTX hearings. The arrest was carried out according to the needs of the United States government. The testimony planned to testify on Tuesday was also exposed. All these collapses of SBF were attributed to the concentration of control power in the hands of a few inexperienced people. The following content will answer for you.

1、 SBF arrested in the Bahamas

At the same time, as the competitor of FTX today, Coin An was also exposed by the US government. This event once caused the exclusion of the panic. CZ publicly said that the delay in the withdrawal of the currency was due to the exchange rate problem, but this still could not eliminate some people's doubts. Some communities are gradually discussing currency security. Of course, many people believe that currency security is safe. After all, not long ago, monetary security was sorted out for asset audit. (After the FTX incident, many exchanges have hired a third party to audit their assets to prove their innocence.

2、 The transformation from admiration to fighting

In fact, there have been many reports about FTX and SBF on the Internet, so we won't repeat them here. Today, we mainly focus on what FTX blockchain entrepreneurs should pay attention to behind the crash, which is the most important for everyone. A bull market can indeed cover up all problems, but a bear market will eventually expose all things. It can only last long if it can withstand the test of the bear market.

SBF and FTX are the result of this bull market. Solana, almeda research and hundreds of related enterprises. Many people pay attention for the first time. SBF may be the high donation of SBF to Biden during the US general election. This event once rushed to the mainstream media in the US, and then became the beginning of the attention of SBF in the mainstream media in the US.

Then, depending on the resources of the political circles, SBF's FTX is also unblocked. On the premise that it is very difficult to enter the United States, the FTX has obtained many licenses in the United States. When DeFiSummer, SBF's staffing made him angry again. In addition, the money-making effect of Solana, even if it was unknown before, will be firmly remembered later. Every bull market will have some bullish people, and these people are officially known for the money-making effect, like three arrows. Luna, AC and Tiger Talisman are like these nouns. They once represented money behind them, and SBF is also one of them.

In the final analysis, SBF and Three Arrows, Luna failed because of endless leverage and doing some dangerous things. From a large perspective, there must be some institutions or projects in the bull market. They ignored risk prevention and control and eventually exploded. After all, the bull market is not permanent, and the bear market will eventually come. Luck is wrong, and it is also the cause of ultimate failure.

3、 Rule override becomes a key factor

From a psychological point of view, after rapid success, people can't see everything and try to change the market with their own power. We saw that there was a time. As long as SBF hot wallets become the focus of many small teams and institutions, which project SBF has caught up with in the first time is also the reason why SBF has attracted attention. After success, it is also easy to expand their mentality, thus paving the way for future failures.

Going against the trend is the easiest way to fail. There are many such cases in the financial system. Timely stop loss is the key. Maintaining a good attitude is the most important factor for success. How to maintain is to cross long and short positions. When money slowly enters your pocket and slowly loses, your mentality will change from excitement to nervousness, to regret, and finally to calm. Only in this way can we maintain a rational attitude in the next bull market.

We can see that in this bull market, China has lost many owners of the currency circle. In fact, many of them still pay attention to the money market, but they have learned to keep a low profile, and at the same time they can keep calm. Although there are some factors caused by the domestic environment, this form of expression allows many of them to survive without major impact.

The person who succeeds quickly is also the most likely to fail quickly, because it is difficult for him to infer why he succeeds. Most of the reasons for success are caused by the environment. Personal factors account for a part of the success, but they are not dominant. SBF makes itself known to the currency market with technical marketing money, and Sun Yuchen also relies on marketing. Money is what the currency market knows. Marketing money is easy to create a person, but it is difficult to maintain because of different mentality.

Because of the domestic policy influence, people like Brother Sun are basically warned by the red line. They should consider what they can touch, what they can't touch, and what their level is. Although they are bound, they can still be active in the circle for a long time, at least nothing will happen.

However, foreign policies are relatively open, and entrepreneurs are easily exposed to the red line, and then lose the final bottom line, leading them to constantly approach the edge of danger. Misappropriating leverage is a common operation, which will ultimately result in its own consequences. After the bankruptcy protection of FTX, SBF was still active on the Internet, making various statements, and was not afraid of being arrested at all, which led to this situation.

summary

To sum up, the blockchain and encryption industries are not stupid and have a lot of money. This field is full of risks and opportunities. People with resources can gain their own career through more efforts, but also need to keep in awe of the market and industry. This is not a free ATM. At the beginning, all the results are doomed. It is also very important for blockchain entrepreneurs.