If you focus on the Inscription track, you will always realize that there is a crazy bull market for Inscription. ORDI is tens of thousands times, ETHS is thousands of times, ATOM is nearly a thousand times, SATS is 50 times... The huge wealth effect makes people excited and yearn for it.
The uncle briefly recorded some of the inscriptions on the inscription track, especially the two investment experiences of BRC-20, as a review and reflection. I have many regrets and hope to do better in the future.
$ORDI
ORDI was born in March this year. Due to the asymmetry of personal information, such a currency issuance method and gameplay were not known at that time. Therefore, there is no opportunity to obtain $ORDI at low cost. According to currency friends, the casting cost of one copy (1,000 pieces) is only about 1u. In April, ORDI’s over-the-counter community became lively, with fluctuations rising from tens of u copies to hundreds of u copies; UNISAT also began to open on-site trading of BRC-20 tokens. When the uncle actually had the opportunity to buy ORDI, it was almost 1000u, which is about 1u per piece. At that time, the explosive pull of PEPE and AIDOGE distracted the uncle's attention to some extent, and he did not have a deep understanding of the first wave of the bull market in Inscription Track.
By May and June of this year, the highest price of the gate spot trading pair on ORDI was calculated as 29,000u+ per share, which is a token that has increased nearly 30,000 times. Even if you participate with 1u, you still have the opportunity to get 20 times. +. Uncle did not get ideal returns on this token. I think there are two main reasons. One is the information lag. Although the earlier you know about a certain project information, it does not necessarily mean that you can intervene at the lowest cost. But in terms of probability, the earlier you know about most projects, the lower the cost of participating. In this way, if the project takes off, the profit will be There will be a lot of space. Regarding the information lag, it is actually not difficult to solve, just add more active communities; the second is lack of awareness. Everyone is good at different fields. New concepts and new narratives appear from time to time in the primary currency market. If you lack knowledge, you will not have strong belief and execution ability to participate. Even if you participate, you can often only drink soup instead of eating meat. . A tolerant and humble attitude is very much needed in the currency circle. Don’t reject any hype logic and narrative that you don’t understand.
The first wave of ORDI's climax came after it was listed on the GATE exchange. The unit price dropped from above 29u to around 2.8u, a drop of 90%. Of course, this kind of decline is not surprising for altcoins. However, many investors often enter the market to take orders when there is a lot of excitement, and basically leave the market in desperation. In the recent BRC-20 second wave climax, ORDI also performed well. In conjunction with the launch of SWAP by UNISAT and the ORDI spot on Binance and other news, ORDI suddenly increased by nearly 4 times.
For the uncle, although ORDI has an amazing wealth effect, he has not eaten a lot of meat. It can only be said that he is destined to have no share. However, I also have to thank it, because it allowed me to start understanding the inscription track and start carefully laying out SATS.
$SATS
There is no community that does not discuss SATS recently, just like the scenes of $DOGE and $SHIB that various communities are talking about in 2021.
SATS is also a token deployed based on BRC-20, but unlike ORDI, ORDI only needs to be minted 21,000 times before it can be fully circulated; while SATS requires investors to mint a total of 21 million times! So when ORDI was completely minted in 2 days, the minting of SATS was full of twists and turns. There were too many mints. At that time, everyone said that it could not be minted completely. Optimistic currency enthusiasts believed that there would be a chance to mint it by the end of the year. But to everyone's surprise, on September 24 this year, all SATS tokens were minted and distributed to more than 36,000 Bitcoin addresses to achieve full circulation.
Uncle learned about the casting information of SATS in May, and the progress was less than 9%. I won’t elaborate further on the logic of wanting to participate in this token, it feels like an afterthought. One of the decision-making ideas at that time was to hold at least 1/100 of the circulating tokens, that is, 210,000 shares, and see that the big pie is halved in 2025 and the bull market will reach 100u shares, so that the small goal can be achieved in one go.
There is often a gap between ideas and reality, which is why so many people have regrets. For a promising project, the time to enter the market has been selected, but it is still unsatisfactory. It can only be said that the two points of position holding and holding are not done well. Yes, a good opportunity is useless if you don’t have a big position and can’t hold it.
July is a relatively sluggish period for the BRC-20 track. Although the casting progress of SATS has been updated, the floor price has been falling all the way. It once fell below the unit price of 0.00001 satoshi (one unit is less than 0.3u), and then it was 0.3u per unit. The floor price of U has been trading sideways for a very long time, giving enough opportunity to build a position at the bottom. In order to buy the bottom more "accurately", the uncle did not fill the original decision-making position at the price of 0.3u per share. As a result, he always felt like a clown and couldn't let go for a long time.
But in fact, if you deliberately pursue an accurate bottom, in fact, if you guess it right, it is not necessarily awesome; on the contrary, even if it is not the price bottom, it may be better if those who are optimistic about it dare to take heavy positions and hold it. winner.
As of today, SATS has risen to 0.0004 satoshi, or 14u per share, which is more than 45 times higher than its bottom price. The 24-hour SATS trading volume on the okx wallet exceeded 200 BTC. Two medium-sized exchanges announced today the launch of SATS spot trading... The story of SATS is still continuing. It will not keep rising, but it is never the end.
I am your Uncle Nakamoto Pear, slightly sweet🍐. I hope this article has inspired you in your trading.
This article includes "Pear Thoughts". "Pear Thoughts" is a collection of written records of Uncle Nakamoto's thoughts on the currency exchange. The contents are all fabricated pictures. Any similarity is purely coincidental; the contents of "Pear Thoughts" are all It does not constitute investment advice; it is updated from time to time for mutual progress.
