In recent times, there are very few who have made money in this market; in fact, many have suffered losses, especially with the recent fluctuations causing most people to be in a state of loss.
The core reason is that when it finally becomes your turn to buy, the coin rises, but after just a 10%-20% increase, you can't wait to 'cash out.'
Watching the constantly rising prices and complaining everywhere, 'I sold too early!' As an experienced investor, I deeply understand this pain; it’s more painful than losing money! You have the opportunity, but you are not capable enough.
In recent years, I have also summarized some insights:
1. Perspective.
Perspective is not just a motivational talk; it’s a necessary condition for holding onto high multiples.
If you don’t believe in yourself, how can you hold onto tenfold or even hundredfold? If you get anxious over minor price fluctuations, then selling out is inevitable.
According to incomplete statistics, from March 2020 to November 2021, among the top 600 cryptocurrencies by market value, 61 projects were born with over a hundredfold increase!
Among the top 600 projects by current market value, if you blindly open a blind box, there’s a 10% chance of getting a hundredfold coin! So tenfold or even hundredfold is really not as difficult as you think.
2. Market value and position.
But we also can't blindly pursue perspective; we still need to observe through market value and establish a reasonable position.
First look at market value; there’s a saying in the crypto world: 'In a bear market, look at FDV (total market value); in a bull market, look at circulating market value.'
During a bull market, large capital inflows, most people won’t consider much, as the difficulty of short-term rallies only relates to supply.
Here’s a vague framework for everyone:
Circulating market value below 50 million can have a hundredfold expectation (FDV is better, which alleviates concerns).
Circulating market value of 100 million to 300 million can have an expectation of 10 to 30 times.
Circulating market value of 500 million to 1 billion can have an expectation of 5 to 15 times.
When the coins in your hand have reached important nodes of 500 million or 1 billion, selling some in batches, having already risen 5 to 10 times, is a way to take profits (selling half or 25% depends on your risk preference);
This way, regardless of fluctuations, you won't feel too uncomfortable.
3. Bianca is not the end.
If you want to buy cheap coins, then go on-chain, after all, most coins take off by first going on-chain, then testing the waters on small exchanges, moving to larger ones, and finally going on Bianca.
If you can start holding a leading project from on-chain and take it all the way to Bianca, there’s a high probability that you've already gained dozens to even hundreds of times in returns.
Here’s some data: from 2020 to 2021, Binance launched a total of 130 cryptocurrencies, comparing the opening price and the highest price.
The average increase is 1057%, with only 3% of coins below the opening price, which means that 97% of coins that go on Binance are profitable!
It's just a matter of whether it rises a lot or a little, so the first in the universe is not named for nothing.
This is also why I want to say, getting on Binance is definitely not the end of our profit-taking, but a new starting point!
Overall, getting on Binance, even with bad luck, about 63% can still have an increase of 1 to 5 times the opening price, 17% have 5 to 10 times, 15% have a chance of 10 to 50 times increase, and 2% have a chance of exceeding 50 times.
So if you can hold enough chips before a leading coin goes on Binance, there’s a high probability that you can earn another profit on Binance;
Thinking of this, can you hold on now?