[BTC Inscription Ecosystem, as the Blue Ocean Track of Web3, How Can Ordinary People Enter the Market]

I am Qingshui Ge, currently a full-time web3 and the manager of Spark. In March 2023, I focused on studying the BTC inscription ecosystem, mainly focusing on new listings in the primary market, and led 210+ members to enter the new field of BTC inscription ecosystem. The main achievements are as follows: eths up to 700 times, OSH up to 115 times, and tab 100 times.
This sharing mainly focuses on the following 8 points
1. How did I get in touch with BRC20?
2. What are my channels for obtaining project information?
3. Some operational strategies
4. Some pitfalls
5. Summary of Some Experiences
6. Current Situation and Future Opportunities
7. Why is it worthwhile for newcomers to play with the new BTC ecosystem?
8. How to enter the BTC ecosystem and the Ethereum Inscription ecosystem
1. How did I get in touch with BRC20?
I entered the circle in May 2022, and was fortunate to meet Brother Kele at Shengcaiyoushu. At the end of March this year, Brother Kele said that Ordinals was a new thing, which might be a great opportunity once in seven years. In mid-April, we subscribed to the BRC20 tokens meme and Pepe at a price of 2U. Later, meme rose to 1000U and pepe rose to 3000U. At that time, I bought Ordi at a price of 75U per piece in the over-the-counter market, and later Ordi rose to 28,000U per piece. So far, I have discovered the opportunity and started to focus on the BTC ecosystem and the Ethereum inscription ecosystem that I came into contact with later.
2. What are my channels for obtaining project information?
A new track means more opportunities, so how can we improve the success rate of the project? In simple terms, how do we know that this project has a high probability of making money, which is the issue of information sources. Currently, my information acquisition channels mainly include the following four.
A: Twitter bloggers related to the ecosystem, such as some BTC ecosystem bloggers in my follow list.
B: For some paid groups in related ecosystems, the projects they post are generally screened by the group owners, and their winning rate is relatively high.
C: Consensus groups of various BTC ecosystems. Projects in this consensus group need to be further screened by yourself.
D: OG groups in the BTC ecosystem, generally, you need to hold a certain domain name to enter or be invited by the group owner, such as Shuihu.x 108 group
3. Some operational strategies
For the BTC ecosystem, there are different projects every day. For these projects, I operate according to the following strategies.
A: The BTC ecosystem is divided into tokens, domain names and NFTs. Generally, tokens are given priority because they have the highest liquidity. Domain names and NFTs have relatively poor liquidity and a relatively long payback period.
B: Maybe after a while, some new protocols will appear, such as the first token OSH of the ORC-CASH protocol released in July, with a maximum profit of 115 times, the first token tap of the TAP protocol released in early August, with a profit of 100 times, and the first token of the BRC20 protocol, Ordi, which was launched in early March, was also called the first mine. The first mine must be launched, and it must be a heavy position. What we call a heavy position is 200~500U. This is my personal opinion. Dyor
C: For hot coins, such as the BRC20 token odos on September 15, it is to take advantage of the popularity of Ordinals analysis platform ODOS, the cost is 0.85U, the highest is 6.8U, and the profit is nearly 8 times. Generally, in these cases, the transfer inscription is engraved immediately after the first-level new issuance. If there is profit, it can be sold in batches until the position is cleared. For this kind of hot coin, the investment of about 50~80U is enough.
D. For domain names, try to get new domain names with numbers, because the liquidity is relatively good, and the fewer digits the better. For example, a 2-digit domain name is more valuable than a 3-digit domain name, and a 3-digit domain name is better than a 4-digit domain name.
4. Some pitfalls
It’s a new track, and there are many pitfalls on the road. Here are some of the pitfalls I stepped on, sharing with you
A: Being buried means that the Gas is too low, that is, the handling fee is not enough, and the money is spent. Because the market is too Fomo (anxious), the token progress has reached 100%, but the new issue has not been successful, and the Gas handling fee is wasted in vain. For this situation, there are two ways to do it. 1. If it is the first mine just mentioned, try to give a higher Gas. It is better to have a higher cost than to fail. 2. For some non-first mines, such as hot coins, you can do a little self-defense in the early stage of the project. If the progress is getting faster and faster, you can mint again and increase Gas to grab chips.
B: The code is wrong. For example, the shib code of BRC20 a long time ago was: {"p":"brc-20","op":"mint","tick":"shib","amt":"1000000000"}
Amt should be followed by 1000000000. Normally, there are 9 zeros at the end. Sometimes, a few zeros are missing when copying the code.
This is a fatal mistake. I have found that several friends around me have made this mistake and lost a lot of money. The correct way is to copy the code in the project white paper directly without any changes.
5. Summary of some experiences:
A: In the face of certain opportunities, I dare to place a heavy position. The reason why I made so little profit this time is mainly because my position is too small. I dare not place a heavy position for fear of loss. Several big guys around me who made A7 made a profit by placing a heavy position in the first token (first mine) of the protocol, because the first token of the protocol often has a higher winning rate.
B: Dare to stop profit. There is a saying that goes, "A good master is one who knows how to sell." If you have an ideal price and sell it in time, the money in your pocket is yours. This time it was FOMO, I was reluctant to sell, and the profit retracement was too much.
C: Don’t have any prejudice. Especially in the cryptocurrency circle, prejudice can kill people. For some things, if the cost is not high, just do it and see, there may be unexpected returns. For example, the leading frog in the BTC chain, the cost was 100U on March 16, and the highest price was 4300U later, a profit of more than 40 times.
D: After the infrastructure is built, prepare several Unisat wallets, add small amounts of funds, and start projects at any time to strengthen execution. When there is a project, start it as soon as possible, don't procrastinate. In new fields, many projects come in a hurry, and sometimes there is really no time for in-depth investment research. As long as the amount of funds is not large, you can rush a little first.
E: The more difficult the operation is, the greater the potential for profit. For example, if you want to buy Tap tokens of the new Tap protocol, because it is a new protocol, no one has ever operated it, and you still use the Looks proxy platform (because currently only Looks can buy cursed tokens). Few people use this proxy platform, and the operation is a big difficulty. Many people are stuck here.
F: Only participate in the first-tier new shares, and try not to touch the second-tier. Only buy new shares at low cost in the first-tier, and sell at high prices in the second-tier. Secondary trading is a difficult process and will affect your mentality.
6. Current Situation and Future Opportunities
The overall blockchain industry is currently in a bear market, and most of the targets have experienced severe pullbacks, including BRC20. However, this does not mean that there are no opportunities. For example, Tap in August was able to generate a 100-fold profit.
Many people who have not been exposed to the BTC ecosystem think that the BRC20 retracement is too severe and there is no fun in it. In fact, it is not true. BRC20 also has many opportunities, such as the Odos that ran out on September 15, with an 8-fold profit.
In addition to the BRC20 protocol, there are many other protocols in the BTC ecosystem, and new protocols will continue to emerge. What we do is to seize the first leading coin of the new protocol and start mining. This is a great opportunity.
7. Why is it worthwhile for newcomers to play a new narrative
There are many opportunities in the circle, but for some traditional tracks, it is likely to be a competition of funds and team operations. For ordinary people like us, who have no funds and no team, it is really difficult to earn the first pot of gold in the traditional track.
However, new track ecosystems such as BTC ecosystem and Ethereum Inscription are relatively less competitive. Traditional industry leaders may not look down on BTC ecosystem, so it is more friendly to newcomers. The important thing is that this is very suitable for small capital operation and has high profits. For example, the -tap we played in August cost about 1U, and now it has reached 115U, with much higher odds, small principal, high odds, low risk, and blue ocean track.
Of course, the overall market situation is very bad now. Whether it is BRC20 or other tracks, they are basically in a flat state. You can learn more at this time.
8. How to enter the BTC ecosystem and the Ethereum Inscription ecosystem
What we need to do now is to familiarize ourselves with the operation of various proxy platforms, so that when the project comes, we will not be too busy and make mistakes. Below are the graphic and video tutorials of our Spark Community, which we share with you.
Graphic tutorial: https://www.yuque.com/dianshangqingshuige/aagovv
Video tutorial: https://www.youtube.com/@ordi8899
BTC ecology and Ethereum inscription are a new track, which is worth taking the time to study. It requires small capital operation and has high odds. No investment advice is given based on the above targets.