2026-01-16 18:07:29

In just a few days, multiple GameFi projects collapsed one after another, and I realized that these competitive game tokens are basically Ponzi schemes.

There are only about $200 left in my account. Splinterlands' daily earnings have long since bottomed out, and there's basically no profit to be made anymore.

What's even more heartbreaking is that I previously promised my family a red envelope for helping me complete the exchange KYC verification. Now that I've lost all the money, I can't come up with this amount at all, and I really don't know how to explain it to my family.

Unwilling to accept the loss passively, I started to actively study. Reading materials, learning analysis, researching the tricks of project teams... Every mistake I made changed my understanding of this market. From blindly following the trend to learning how to identify risks, perhaps this tuition fee is the most valuable part of this experience.

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FlashLoanPhantom

· 5h ago

Really, the GameFi scene has long been exposed; the smell of a Ponzi scheme is too strong. Family is still waiting for red envelopes, huh? Haha, this is awkward. Less than 200 yuan left, and you still want to turn things around? First, consider the losses as tuition. Splinterlands earns almost nothing daily; this game should have been abandoned long ago. Promised red envelopes but ended up losing everything—how do you even settle this account? Time for a remedial lesson; regret is always late—why did you do it in the first place? Risk recognition ability is valuable, but these prices are indeed a bit harsh. It's just that being too greedy; those blindly following the trend deserve it. Whether this tuition was worth it or not, let's see if you can make a comeback later.

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0xSoulless

· 13h ago

Haha, this is the crypto world. When the dream ends, all that's left are red-eyed accounts and silence from family members. These Ponzi schemes should have been seen through long ago. We are just latecomer retail investors who wake up too late. Explaining to family? Bro, your perspective is a bit narrow. You should have brought them in to lose together long ago.

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LazyDevMiner

· 13h ago

That's why I said GameFi should have been over long ago; anyone who believes otherwise is a fool. Losing red envelope money... it's really hard to bear, but at least you figured it out later. Those still dreaming are the truly miserable ones.

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ReverseTrendSister

· 13h ago

Asking for a red envelope in front of family really breaks the defense; this is the most expensive lesson fee ever. Oh wait, before admitting fault, think about whether I can gamble another shot with the current $200... It's great that you've learned to recognize risks, but the problem is you'll still make the same mistakes next time haha. Splinterlands has also fallen? Those game tokens are really just harvesters.

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CryptoCross-TalkClub

· 13h ago

This time I have to say, spending 200 yuan for a complete set of leek-cutting textbooks is actually not a loss. As for that red envelope money at home, just tell them you enrolled in the most expensive training course in the crypto world, the tuition has been paid. The daily earnings from Splinterlands have long been just feeding mosquitoes. Now I finally understand what "initial gains are an illusion" means.

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