The most profitable way to play in the currency circle is always in the primary market.
Those myths of making a fortune by hundreds of times are basically from the private placement stage before the token is launched.
Institutions and big investors have already reserved the market at a bargain price. When the tokens soar on the exchange, every penny that retail investors take over becomes their profit.
Think about the private placement price of Ethereum at $1.89 that year. Looking back now, it is no different from picking it up for free.
Now this game has long been played into a closed-loop ecosystem-the quota of top projects has been divided up by capital, and what flows into the hands of retail investors is either a proxy investment with layers of price increases or packaged junk coins. The secondary market looks lively, but it is actually a game of passing the parcel. The better the liquidity, the more ruthless the cut.
The real cruel truth is:
The primary market is to lay out in advance, and the secondary market is forced to take over.
Institutions make money from the growth of the project, and retail investors make money from each other's pockets.
Either find a way to get into the core circle to get early quotas, or practice sniper-like accuracy in the secondary market. In this market, low cost is the biggest moat.
In the currency circle, choice is more important than hard work! Follow the right people and making money will come naturally!
