Please take your time to read the author's article:
Everyone knows FVM is the FIL virtual machine token, with an issuance of 10,000 coins. The cost of holding it becomes harder to mine over time, and the cost increases. But why do so many people still pay attention to it, understand it, and mint and hold it? It’s because it possesses all the potential to become a million or ten million coin.
In the first-tier stage, FVM is referred to by some in the industry as the most promising hundredfold or thousandfold coin, given its limited supply and the fact that mining rewards will take five years to materialize. The role of the virtual machine clearly shows that it undertakes very important smart contract functions for the FIL public chain, and it holds long-term value applications. As a result, more and more people in the circle are learning about and holding FVM.
First-tier mainstream coins generally have certain similarities. Take the development of BTC or ETH as an example; at first, not many people knew about them, and they were even ignored. They faced skepticism all the way, and even now, some people still question BTC and ETH. This is the commonality: the fewer people know about it in the early days, the more likely you might think it's just another scam coin or a worthless coin. That's right; that feeling is correct. There is a saying in the industry: buy when no one cares, sell when everyone knows. You didn’t catch the Bitcoin mining period either; even if you did, many people still missed the opportunity. Similarly, during the early fundraising of the Ethereum ICO, Bitcoin holder Li Xiaolai also missed this chance.
The first-tier market is about bringing faith into the second tier. This is a saying often discussed by seasoned investors, but I want to add one more thing: it must be a mainstream first-tier coin. Holding it long-term will lead us to the second tier. Of course, there are still some people who will question FVM, with constant inquiries about whether it’s another scam coin. In fact, those who have been in the crypto space for a long time know that if a scam coin succeeds, it is still a form of success. Moreover, FVM carries the halo of mainstream status with the official backing of FIL. Just ask, even if BTC succeeds in reaching $100,000, there will still be people losing money in this race. We do not avoid risks, but we must understand and grasp them, summarizing our own subjective judgments.
Why do coins with a low issuance amount claim to have long-term value in the millions or tens of millions? We must understand a meme coin called YFI. Many people might know this coin; it has a total issuance of 36,600 coins and a highest price of $95,000, with no actual application value or official backing, just community governance of the DeFi type. Of course, the amount of FVM is less than a third of that; at this point, capital hasn't entered yet, and we are currently in the very early minting phase of the ecosystem.
Opportunities in the crypto space are rare; when doing things, don’t hesitate. When you understand it in the mainstream track, you will feel it’s worth having. Many holders of Fil coins entered at high positions, some through mining machines, etc. The author believes the value of Fil has always been present; it’s just that in the beginning, many capital operations inflated the price to an unrealistic level, leading many to enter. However, the reality is such that it’s hard to cut losses and leave, so stay and learn about the past and present of FVM. Of course, there are investment risks, which requires us to rationally analyze the value of the coins (LW-fvm virtual machine storage--231215).