$FIL The five-year lock-up period is about to end. Does the withdrawal of miners mean that retail investors can pick up bargains? Last night, the backend was full of inquiries about whether FIL can still be purchased. I directly said the conclusion: it can be played, but don't expect it to skyrocket tomorrow; treating it as a deposit that can earn interest is more reliable.
Let's talk about the withdrawal of miners. The FIL mainnet went live in October 2020, and many people signed five-year mining contracts. Now we are in the fourth quarter of this year, and these contracts are starting to expire in batches. Machines are taken offline, and hash power naturally drops. This is not a problem with the project; it is purely that the contracts have expired, and they do not want to renew, similar to moving out when a rental lease ends. With fewer miners, there will actually be fewer people selling FIL in the market.
The unlocking mechanism of FIL has passed halfway, and the most intense dumping phase is over. As more chips are unlocked, they become increasingly dispersed, unlike before when there was concentrated selling, which reduces market pressure significantly.
So what can retail investors do now? Just putting the spot in a cold wallet and waiting is too wasteful. Many exchanges have introduced fixed-term financial products for FIL, with a three-month deposit yielding 6% to 10% annualized returns, and you can still earn interest while locking up your coins. Coins like UNI and SUSHI don’t have such benefits. Currently, the market is stagnant; playing contracts can easily lead to losses, so it's better to slowly accumulate some spot with part of your money and use another part to earn interest, without delaying either side.
The actions from the institution are more apparent. GrayScale secretly bought FIL 86 times this year, with an average cost of about $10. Their annual KPI pressure is high, so they can only use the clumsy method of dollar-cost averaging. We just need to follow along—buy more when prices drop, and hold on to collect interest when they rise. By the time the market warms up next year, we'll have both coins and interest in hand, making us feel much more secure.
In summary: Don't think about getting rich quick; treat FIL as a fixed deposit in a bear market, and consider the interest as an extra bonus in a bull market. Ordinary people make money steadily like this. Those who can survive in the market and still make money are the ones who dare to act first. Are you ready?
Although the market is slightly sluggish now, opportunities to earn will come! So Sister Xu plans to position for a potential coin that is very likely to surge, with an expected return of 7-10 times being no problem. Friends who want to seize this big opportunity can scan the code below to share directly in the chat room.
