Many people like to talk about technology, as if good technology can definitely make money.
I remember that in the last cycle of the bull market in 2017, EOS had an ICO for a year. Because the founder of this project was B and Block One was responsible for its operation, it was the hottest public chain in the circle at that time. After selling all the ETH that was finally financed by the next Ethereum, 240,000 bitcoins were bought. The price of the main network reached 22U in June 2018, and then it fell all the way. The lowest price in the bear market was about 1U. I bought nearly 20,000 EOS at 30 yuan in 2017, and held it until it reached a high of more than 90 yuan in 2021. Finally, it fell to 30 yuan and cleared all positions. There were too many people like me at that time. I didn’t make any money for four years, which was equivalent to losing money.
Why did a good hand of cards turn into a mess? You need to have the technology and strong operational capabilities. Later I finally figured it out.
My answer is that the project team is too rich and holds 240,000 bitcoins. Why would they want to pull up the price for EOS holders?
Because the project owner has enough money, there is no motivation.
Another Tron, TRX, everyone knows how Tron rose to prominence. Look at how awesome Sun’s marketing ability is.
Now TRX is still ranked 11th. Let’s take a look at the recently popular Bitcoin ecosystem L2 Merlin Chain. Some people in the technical field look down on Merlin and say that Merlin’s technology is too poor. Is this a problem? Many people only know that Merlin is popular.
I didn’t know that Merlin Chain was already doing construction on the front line 6 months ago. The 420 protocol is the best infrastructure.
The market value of 420 Blue Box is about 300 million U. Technology is never the core of project development and it can never be used as a meal. The price is determined by demand. Whoever can solve the needs of users will own the market.
There are too many high-end projects, which are far inferior to memes with strong communities. For example, Rats has no project party, but it has a global community of tens of thousands of people and the community size is still growing.
Every protocol that can develop in the Bitcoin ecosystem has its first Beta and first meme. These two are the best investment targets. No matter how awesome a project is, it cannot do without the support of the community. Without the consensus of the community, it is worthless. Currently, only the Bitcoin ecosystem protocol is undervalued.
Other ecosystems are either old projects, or a bunch of new concept projects without communities, or a bunch of star-level, high-profile, highly valued, professional leeks-cutting projects. Such projects will break the ceiling 10 times in the bull market.
I am afraid of heights and I will never chase high things.
So my principle is to never touch any old coins, nor any new coins from highly valued projects. I only look for undervalued alphas in the Bitcoin ecosystem.
I am Kuangtu Shuobi. If the article is helpful to you, please follow me and continue to share your experience.
