I entered the crypto market around November 2022, at that time I heard the most about two industry consensus:
1. Trade new, don’t disturb the old
2. Spot trading, hold on, big results in a bull market.
Today I did a small homework, counting the new coins listed on Binance since I entered the market:
In the past two years, Binance has listed a total of 47 coins due to Lanchpool, Holder, and Megadrop.
Assuming you have 470,000 USDT, are very patient, very disciplined, and have a lot of experience in position management. If you only invest when a new coin closes on its first day, investing 10,000 USDT in each, then as of today (2025/2/9), you would still have 224,292 USDT left. If you were unfortunate and bought at the highest point on the first day, you would have 147,008 USDT left.
What does everyone think? Does it feel pretty good?
With your patience, discipline, and experience in position management, I only lost -52.3%, at most I lost -68.8%. Does it feel not so bad? After all, there are many that have dropped more than 80%.
Another small data point, on 2022/12/31, the BTC price was 16544, today the price is 96453.
The price of ETH has also risen from 1196 to today's 2655, so for those holding ETH, do you feel a bit better?