In the past three years, there have been many incidents in the cryptocurrency circle, such as the collapse of LUNA and FTX. If given the chance to start over, would you be able to escape? This article will review the opportunities for wealth that were worth seizing in the past three years.
Table of Contents:
1. Clearing positions when major negative news appears
2. Taking a 5% short position during major events – not only stop loss but also take profit in a timely manner
3. The new narrative in the NFT frenzy
4. Betting on high-quality targets in the Brc20 craze
5. Being an early adopter and successful seller in the meme wave
6. Holding a heavy position of about 20 during the process of major changes in SOL
7. Buying the dip at BTC 16,000 and Ethereum
8. Pandora multiplied by 10 on-chain in a few weeks.
Three years ago, the following events occurred: China banned mining and cracked down severely, and Bitcoin plummeted from 64,000 within three months. I deactivated domestic media and joined Twitter, but did not update any content. Bitcoin rose to 68,000 three months after I joined Twitter, and the market frenzy expected it to reach 120,000 or higher.
As a result, the bear market began, and there were constantly shocking events such as the collapse of LUNA and the closure of FTX. It was during the start of the bear market that I began updating content on Twitter. Today, I suddenly wondered: if given another chance, what are the major wealth opportunities in this process?
To sum it up, most wealth comes from a few well-timed moves, and the rest of the time is spent preparing for those moves.
I wrote a total of 140,000 tweets, and many views were constantly overturned by myself or the market, especially this year when the market changes even faster. The “god coin” praised by everyone a week ago became the “worthless coin” that everyone condemned a week later. A few months ago, staking and receiving airdrops were popular narratives, but today, no one cares about them.
Looking back at these three years, how many opportunities were worth seizing?
There was a chance to escape before the implementation of the 519 policy. Clearing positions in a timely manner was profitable, but how to get on the train afterwards is another topic. When it reached 68,000, if one had a better understanding of macro factors such as interest rate hikes, the optimism would not have been there.
This kind of cycle operation actually contradicts Buffett’s philosophy of never selling good assets, but it is likely that most targets in the cryptocurrency circle cannot be held forever.
In the correct mindset, not shorting is a principle that I agree with, but I think that due to the high volatility in the cryptocurrency circle, especially at certain critical points, it is actually worth using funds that may go to zero to take a gamble.
Note that I am against contracts and basically consider them as going to zero. However, I believe that shorting before the FTX collapse and when LUNA approached the liquidation line at around 60 was a wrong move that resulted in significant profits. Of course, it is not advisable to do this when there are no such opportunities.
Azuki, Jielunxiong, and Goblin offer many wealth opportunities, but basically, you have to buy early and sell late. These targets are similar to tokens in terms of liquidity. They are prone to FOMO when prices rise and prone to sell-offs when prices fall. Those who have played with NFTs will be more adept at handling tokens in this wave.
Top tokens such as Ordi, Atom, and Sats have made many people wealthy. Yesterday, they were ordinary group members, but today they are millionaires and legends everywhere.
For example, Pepe and Bome. Of course, there are many other tokens that have created wealth, including those related to elections.
Here, there needs to be an information gap, such as the capabilities and actions of market makers, who the market makers are, and so on – this is the key to entering early. When the meme season unexpectedly broke out in SOL, SOL had already surpassed 100, which indicated a mid-term climax of the trend.
Aside from the aforementioned opportunities, there don’t seem to be many other things.
If you carefully look at the content above, you will find that:
– There is a connection between the NFT frenzy and the token craze.
– The demand for gambling behind the meme wave will always exist.
– If you enter early with strong tokens, you can reap good returns.
– The most stable option is still to buy the dip in BTC during the long-term cycle.
From the article I wrote at the end of April, stating that it is better to earn interest, to today, which is almost two months later, according to tradition, there should be new things coming in about three months. Looking forward to the emergence of new opportunities.
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