Crypto wealth stories are updating every day, but behind every myth of sudden riches, there are countless tragedies of zeroing out. Some people make 1.5 million from just 62 bucks, while others turn 27 bucks into 67 million—sounds crazy, right? The problem is, this money can never be touched again.
The reason is simple: contract developers can blacklist your address with the click of a button, turning your assets into digital paper money instantly. This is not an exception for a particular project but a common issue across the entire ecosystem.
**The real problem isn't the ups and downs; it's whether you truly own your assets**
You may have heard this saying: If you don't control the private key, you don't control the assets. That's only half the truth. Even if you hold the private key, the logic rules in the contract can freeze your coins, meaning your assets are essentially under someone else's control. This is the cruelest truth in the crypto world.
In recent years, ETH-based MEME coin projects have offered many opportunities, with some benefiting from each cycle. But the problem is most people can't hold onto their coins. What's the current situation? There are countless zeroing projects every day, and the market is undergoing a major reshuffle. Those who get wiped out are usually investors who only look at K-line charts, follow trends blindly, and don't review the contract code.
**Are you gambling or investing?**
Ask yourself: before buying coins, did you read the smart contract? Or did you just buy based on feelings, hype, or signals from a group? Many say they don't read because they can't understand it. But not reading often comes at the cost of losing everything.
You need to understand that people who don't understand the rules are paying the price under the rules. What’s written in the contract determines whether your coins can circulate freely, be withdrawn at any time, or avoid being exploited.
**Choose projects carefully**
Currently, many projects are deceiving with various concepts. "Elon Musk concept," "celebrity endorsement," "big V promotion"—these are all hollow labels. How many can actually deliver? On the other hand, truly worth paying attention to projects have these characteristics:
First, they have a real development team, not anonymous projects that appeared out of nowhere. Second, the code is open source and subject to community audits. Third, liquidity is locked, and developers can't arbitrarily drain funds. Fourth, the slippage in trading pairs is set reasonably, with no hidden taxes.
Besides these hard indicators, more importantly, ask yourself: Can I really sell these coins anytime? Will I receive the funds smoothly? Could they suddenly freeze my assets?
**Final words**
Opportunities in the crypto world always exist, but if you want these opportunities to truly belong to you, you must take an extra step to verify. Check the contract, review the open source code, follow community reputation, and understand the team background. Don't be fooled by short-term price increases, and don't rush in out of FOMO.
Your money is only meaningful if you can actually withdraw it.
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FrontRunFighter
· 01-06 13:01
nah this is the real talk right here. most people getting rugged don't even know what honeypot means lmao
Reply0
CoffeeOnChain
· 01-04 12:36
Having seen too many stories of "27 yuan turning into 67 million," I immediately saw someone unable to withdraw and couldn't help but laugh.
The truth is, buying coins without checking the contract is pure gambling. Don't flatter yourself.
Shitcoin projects pop up every day, and most people can't hold on for long.
View OriginalReply0
AirdropHunterKing
· 01-03 16:51
Damn, that's why I keep double-checking the wallet address...
View OriginalReply0
FloorPriceNightmare
· 01-03 16:49
After all these years, there are still people gambling. Wake up, everyone.
View OriginalReply0
MetaverseHermit
· 01-03 16:45
Honestly, when I see stories about turning 27 into 67 million, I just want to laugh. If it were that easy to take out, I'd think it's a miracle.
View OriginalReply0
MysteryBoxAddict
· 01-03 16:36
Watching others make millions from just a few dozen dollars, I also want to do it, but now I’ve realized... being able to withdraw is the real key.
If a contract blacklists you, you become the victim, and all the zeros are meaningless.
I used to rely solely on hype, but now I’ve woken up. I won’t touch tokens whose contracts I don’t understand.
There are countless low-quality projects, and only those that survive three months are lucky.
This article hit me hard. I’ve seen too many people get trapped, but they never looked at the contract code.
FOMO really can kill people. I’m now waiting until the open-source verification is complete before I take action.
It’s not about how much you earn, but whether that money can actually be withdrawn.
View OriginalReply0
QuorumVoter
· 01-03 16:29
You're absolutely right, if the private key isn't kept secret, it's all pointless.
If you can't sell it, it's just paper money; no matter how many zeros, it's useless.
Following the herd to shout buy signals only makes you cannon fodder.
View OriginalReply0
VibesOverCharts
· 01-03 16:26
That's so true. The crypto world is like this—looks like you're making a lot of money, but in reality, you're just getting trapped and stuck.
Damn, with just one click on the contract, your address gets frozen. Isn't this just a centralized scam?
Most people rushing in on the bandwagon are cannon fodder—I’ve seen plenty of that.
Looking at code is easy to say but hard to do; most people simply can't understand it.
Honestly, buying coins without reviewing the contract is pure gambling, with no real investment involved.
Dog projects go to zero in a day, which just proves this article right—reality is that harsh.
Having the private key is useless; what really matters is what kind of crazy stuff the contract is written with.
Open source, locked liquidity, reasonable slippage—these hard indicators must be remembered, or it's all just a waste.
How many times do you need to get cut before you learn to be smart? Sometimes, just seeing the price rise makes you FOMO and jump in.
Being able to withdraw at any time is true ownership; otherwise, you're just betting on an uncertain future.
View OriginalReply0
MeltdownSurvivalist
· 01-03 16:25
Is it the same old story? Checking contracts sounds easy, but 99% of people can't understand it at all.
I just laughed at the blacklisting addresses; I've seen that too many times already.
Crypto wealth stories are updating every day, but behind every myth of sudden riches, there are countless tragedies of zeroing out. Some people make 1.5 million from just 62 bucks, while others turn 27 bucks into 67 million—sounds crazy, right? The problem is, this money can never be touched again.
The reason is simple: contract developers can blacklist your address with the click of a button, turning your assets into digital paper money instantly. This is not an exception for a particular project but a common issue across the entire ecosystem.
**The real problem isn't the ups and downs; it's whether you truly own your assets**
You may have heard this saying: If you don't control the private key, you don't control the assets. That's only half the truth. Even if you hold the private key, the logic rules in the contract can freeze your coins, meaning your assets are essentially under someone else's control. This is the cruelest truth in the crypto world.
In recent years, ETH-based MEME coin projects have offered many opportunities, with some benefiting from each cycle. But the problem is most people can't hold onto their coins. What's the current situation? There are countless zeroing projects every day, and the market is undergoing a major reshuffle. Those who get wiped out are usually investors who only look at K-line charts, follow trends blindly, and don't review the contract code.
**Are you gambling or investing?**
Ask yourself: before buying coins, did you read the smart contract? Or did you just buy based on feelings, hype, or signals from a group? Many say they don't read because they can't understand it. But not reading often comes at the cost of losing everything.
You need to understand that people who don't understand the rules are paying the price under the rules. What’s written in the contract determines whether your coins can circulate freely, be withdrawn at any time, or avoid being exploited.
**Choose projects carefully**
Currently, many projects are deceiving with various concepts. "Elon Musk concept," "celebrity endorsement," "big V promotion"—these are all hollow labels. How many can actually deliver? On the other hand, truly worth paying attention to projects have these characteristics:
First, they have a real development team, not anonymous projects that appeared out of nowhere. Second, the code is open source and subject to community audits. Third, liquidity is locked, and developers can't arbitrarily drain funds. Fourth, the slippage in trading pairs is set reasonably, with no hidden taxes.
Besides these hard indicators, more importantly, ask yourself: Can I really sell these coins anytime? Will I receive the funds smoothly? Could they suddenly freeze my assets?
**Final words**
Opportunities in the crypto world always exist, but if you want these opportunities to truly belong to you, you must take an extra step to verify. Check the contract, review the open source code, follow community reputation, and understand the team background. Don't be fooled by short-term price increases, and don't rush in out of FOMO.
Your money is only meaningful if you can actually withdraw it.