Going long on FIL at 0.93, is it time for FIL to shine?
Why do I say this?
Before revealing the answer, let’s discuss the journey of FIL. When people mention FIL, the first reaction often involves miners dumping, infinite issuance, and cycles of being trapped.
The core reason can be summed up in one sentence: supply far exceeds demand. In the early days, FIL was played simply and brutally, focusing on hard drives, computing power, and expansion.
As a result, the network's computing power has skyrocketed, with newly mined FIL flooding the market like a burst dam, while the real storage demand simply hasn’t kept up.
It’s like real estate developers frantically acquiring land and building towers, but with an extremely low occupancy rate. Similarly, miners have to constantly sell coins to recoup electricity and hardware costs, creating continuous selling pressure, while buying support just can’t keep up.
So, can FIL rise in the future? In the short term, the structural trend looks quite decent, stabilizing around 0.9 with multiple slight upward bounces. For short-term longs, let's aim for a target around 1.06, with a stop-loss below 0.9.
Looking at the long term, it depends on whether more people jump in with real capital to bottom-fish FIL at these lows, ignoring slogans and emotions, and focusing solely on the flow of funds for validation. When buying pressure builds up, along with a contraction in supply and an increase in demand, that’s when we’ll see a true structural reversal in FIL.
#fil
Why do I say this?
Before revealing the answer, let’s discuss the journey of FIL. When people mention FIL, the first reaction often involves miners dumping, infinite issuance, and cycles of being trapped.
The core reason can be summed up in one sentence: supply far exceeds demand. In the early days, FIL was played simply and brutally, focusing on hard drives, computing power, and expansion.
As a result, the network's computing power has skyrocketed, with newly mined FIL flooding the market like a burst dam, while the real storage demand simply hasn’t kept up.
It’s like real estate developers frantically acquiring land and building towers, but with an extremely low occupancy rate. Similarly, miners have to constantly sell coins to recoup electricity and hardware costs, creating continuous selling pressure, while buying support just can’t keep up.
So, can FIL rise in the future? In the short term, the structural trend looks quite decent, stabilizing around 0.9 with multiple slight upward bounces. For short-term longs, let's aim for a target around 1.06, with a stop-loss below 0.9.
Looking at the long term, it depends on whether more people jump in with real capital to bottom-fish FIL at these lows, ignoring slogans and emotions, and focusing solely on the flow of funds for validation. When buying pressure builds up, along with a contraction in supply and an increase in demand, that’s when we’ll see a true structural reversal in FIL.
#fil