1. Understand the cryptocurrency market
1. Origin of the Crypto Market
Blockchain 1.0-----After the financial crisis in 2008, a guy named Satoshi Nakamoto, in order to fight against the existing monetary system, fought against the ruthless harvest of the Federal Reserve, and resisted the dollar system, combined encryption, blockchain and other technologies, and invented a thing called Bitcoin. Since then, Bitcoin was born... What is the value of Bitcoin? What will happen in the future? Is it a currency or a commodity? .....We will talk about it later
Blockchain 2.0-----In 2013, a Russian guy named Vitalik Buterin, born in 1994, founded Ethereum, a decentralized operating system, to fight against Blizzard's violent recycling of his game skins (his father was an early member of the Bitcoin community). What is Ethereum? What is its value? .... We will talk about it later
Blockchain 3.0-----In 2017, a guy named BM, relying on Satoshi Nakamoto's reply to his email, started the creation of the EOS project, a commercial distributed blockchain operating system... It was basically declared a failure, which is in line with Satoshi Nakamoto's words "If you don't understand it, I'm too lazy to explain it to you"
Blockchain 4.0-----All kinds of copycats, swindlers, and pyramid schemes are going wild... all kinds of concepts and hype are flying around
2. Current status of the cryptocurrency market
The unregulated cryptocurrency world follows the law of the dark forest. The less bottom line one has, the more money one can make. No matter whether they are big or small, they all make a living by deceiving and defrauding others. They have only one goal - to make money by any means necessary.
If you believe that a project will change the future and subvert traditional business, it only means that you are too naive. When the banker is cutting your leeks, the only thing he cares about is to put your money in his hands, nothing more. For the concept of air-to-air speculation, the only thing you need to pay attention to is the opponent, everything else is just smoke bombs.
What are We3, NFT, defi, metaverse and other concepts? In fact, they are all innovative ways of harvesting by the project parties. As investors, our goal is to make money. Don’t eat the cake, let alone believe in the so-called feelings, etc. That stuff can’t be eaten as food, let alone support a family...
Summary: Ignore brainwashing concepts and see the essence of the cryptocurrency world
3. Two types of people in the cryptocurrency circle
In my opinion, there are only two types of people in the cryptocurrency world
Scammers, from the first day you enter the cryptocurrency circle, don’t ask anyone, don’t listen to anyone, don’t trust anyone, improve yourself, make independent judgments, others will not only not pay for your investment, but will also cheat you out of all your coins. There are many types of scammers, such as self-media groups shouting orders, taking you to small exchanges to trade and cheating your principal, issuing coins to cut your leeks, etc.....
Fool, it is normal to be cheated in the cryptocurrency circle, but if you believe in the so-called lofty ideals of the project party, then it is your fault. Strangers on the Internet, you believe that it can make you rich, is this naive or stupid, judge for yourself?
4. Four major cutting techniques
Project Party: All the cakes made up by the project party are just to trick you out of your money. They have only one purpose: to make money from you.
Exchange: It is normal for exchanges to run away, such as Fcoin in the past and FTX later...
Caller: To earn rebates, they bring people to short-term contracts. Some even directly pull you into their exchanges and cheat you.
Others: OTC merchants, technical pirates, etc. In short, there is nothing he can't do except what you can't think of.
2. Enter the cryptocurrency market
Choose an office: There are only two big and regular offices. For other small offices, it is a crime to look at them any more....
Getting started with U: On the platform, find merchants with high order conversion rate and high transaction rate
Buy some coins:
Withdraw coins: put in cold wallet
3. Find 100x Coins
Coins that can increase by 100 times are common, but holders are rare. In other words, any coin on the market may become a coin that can increase by 100 times, but how do you choose a coin with the potential to increase by 100 times?
1. Mentality
If you want to get a hundredfold profit, you can't hold it without a good mentality. Countless people regret not being able to hold Dogecoin, ADA, Bitcoin, and blame themselves blindly... I think it's unnecessary. Mentality determines destiny, pattern determines size, only with a hundredfold heart can you hold a hundredfold coin
2. Find 100x coins
(1) Project track
A good track can determine the hype space of a project. Why do so many people build public chains? The imagination space is large, the appreciation space is high, and it is easy to form an ecosystem and gradually form its own moat. Similarly, for unpopular tracks, it is difficult to raise the price because few people pay attention to it. If no one takes over, it is naturally nonsense. For popular tracks, leading coins are worth paying attention to, and others can be ignored directly.
(2) Project team
Everything depends on human effort. Many good projects have poor team operation capabilities, which eventually lead to the bankruptcy of the projects. There are too many such projects in the cryptocurrency circle, and I will not name them one by one here. Of course, there are also many air projects that eventually become good projects due to their first-class operation capabilities. Obviously, TRON is a typical example. The post-94 generation successfully counterattacked. What does the team think? Background introduction, of course, it is best to verify it, there are too many fakes now.
The trading team is also very important. A bad trading team, if it cuts hard enough, will cause all retail investors to withdraw. No matter how good the project is, it cannot be reflected in the price of the currency. Similarly, a good trading team can allow a team with less strength to have enough funds for project development. How to judge? The simplest way is to look at the K-line... If the K-line is not drawn well, it may be a script operation...
(3) Investment institutions
The endorsement of the investment institution itself can bring a lot of currency circle traffic. Secondly, the investment research ability of the investment institution and the project analysis and screening ability are definitely better than ordinary people. Finally, you can rest assured that he will definitely not let himself lose money. In other words, as long as your holding cost is lower than that of the institution, then you are safe enough. There are a16z, Paradigm, etc. on the market. Of course, pay attention to distinguish. There are many pheasant institutions in the currency circle. Pay attention to distinguish...
(4) Plate size
The above items of the project are all good, but the market is too large and the liquidity is also high. This kind of project has too heavy a market and is difficult to pull up. It is not in the sequence of 100x coins. Generally, it is not considered as a candidate for 100x coins and is directly passed.
(5) Degree of consensus
Coins with high consensus, good foundation, and strong community can form larger communities, attract more people, and have a greater chance of explosion.
(6) Development space
To put it bluntly, it is about the hype space and project expectations. Once the application is implemented, the market must be hot, and it is only a matter of minutes to pull up the price.
3. Stock up on 100x coins
The principles of hoarding coins are as follows:
(1) Fixed amount investment: holding coins is king, fixed amount investment, no unlimited additional investment
(2) Mindset first: Invest according to your funds and mindset, buy and hold, and recharge your brain
(3) Improve configuration: Don’t overweight, invest in all aspects, and choose according to your preferences.
(4) Improve liquidity: After making a profit, first withdraw the principal, which varies from person to person.
(5) Holding coins is king: You can hold them or freely mix and match them
(6) Heat & Short Position: It is not recommended to go all-in when it comes to heat. Take out 20% of the position and quit when you are ahead.
(7) Risk Control: Investment involves risks. Please be cautious when making investment decisions. Risks are borne by the investor. This does not constitute an investment decision.
The trading principles are as follows:
(1) Building a position: First build a three-tier position and add positions when the price drops.
(2) Clearing warehouse: Clear the warehouse on the third floor first, and then clear the warehouse near the warehouse.
(3) Do not chase the rise and fall, continue to build positions and hoard coins
It is better to teach a man to fish than to give him a fish. I hope the above is helpful to you!
