After looking around, I feel like everyone made a lot of money in May. So let me, the only one losing money besides James, summarize what I did for a month of busyness in May that amounted to nothing.
It seems like a summary of May's trading, but it also feels like a collection of my trading mistakes most of the time.
1️⃣ Not taking profits. In the first few days of May, with the surge in the crypto market, my funds reached a new high. Generally, taking profits at new highs is usually a good idea. However, I aimed too high, and I deserved this drawdown.
2️⃣ Recklessly bottom-fishing without considering the fundamentals. Here I'm talking about $SUI. First, the macro market conditions weren't that good; second, the hack challenged the underlying logic of $SUI. Even if I were to bottom-fish, I should have taken a short-term profit and left. Now, it's time to eat instant noodles in the dark, with losses in the spot market.
3️⃣ Trading disorderly beyond my usual ability and trading habits. The only time suitable for me to trade in May was actually at the beginning of the month, which I know myself. But I overestimated myself, refused to rest, and only stopped after losing the profits through turmoil.
June goal: Reduce trading, do things that suit me, and read more and learn more.
This is an expensive lesson, so I need to remember it, Fiona.
After researching MapleStory @MaplestoryU, I have a few thoughts on my understanding of this game.
1️⃣ It shouldn't be just a scheme to make quick money because it's not worth it. Considering the value of the MapleStory IP and the wealth of its parent company Nexon, releasing a crypto scheme to make some money while damaging their reputation is not worthwhile for them.
2️⃣ Currently, it's not an extremely profitable game; the earnings don't compare to food delivery. Based on what many people share, the earnings are around 2 dollars per hour; this game might be sustainable long-term, but I haven't seen any signs of a breakout yet.
3️⃣ The project team is cautious and frequently adjusting the values. The balance of values presented in the game is crucial: how much is produced and how much is consumed. Since many players have reported that the earnings don't meet expectations, some adjustments will be made soon. Although I suspect the adjustments won't be significant.
4️⃣ There are still many bots; in the 200-300 thousand daily active users, studios cannot be underestimated, and they have impacted many players' experiences (community feedback).
5️⃣ The game hasn't been live for long, and many aspects are still under observation, but I think moderate low income isn't a bad thing; it’s more beneficial for the long-term development of the game, helping to eliminate studios. However, for someone like me who is into crypto speculation, this asset isn't of the short-term explosive type. It may be more like AXIE than STEPN.
6️⃣ The team/investors are putting in a lot of effort @domidom88 @nexpacetime, which is one of the traits that attracts me.
7️⃣ The value of the traditional IP is yet to be proven. How many people are willing to transition from the traditional MapleStory to MapleStory N, especially now that there are so many game choices? The game's inherent appeal is also crucial.
Every callback is also a touchstone, today's coins that outperform the market and have considerable trading volume 1️⃣XRP 2️⃣SOL 3️⃣INIT Feel free to add more
About why to buy Bera at this time, I have been paying attention to the Bear Chain for a long time, from being discouraged by its complexity to extreme FOMO frenzy, and now it seems that the launch is not quite satisfactory.
This script is actually very familiar and has already been repeated many times.
1️⃣ Price rebounds from the bottom ➕ Market performance is good 2️⃣ Current valuation is decent, FDV 1.7 billion, 400 million circulating market cap. 3️⃣ Token emission paused in the short term 4️⃣ OI has clearly increased 5️⃣ Beautiful @diamondhandjs is on the same team Betting on an emotional reversal, believe that there has been sufficient turnover
About why to buy Bera at this time, I have been paying attention to Bear Chain for a long time, from being overly complex and deterring to extreme FOMO frenzy, and then to its launch seeming somewhat unsatisfactory.
This script is actually very familiar and has been repeated many times.
The reasons for buying are as follows: 1️⃣ Price has bottomed out and rebounded ➕ Market conditions are strong 2️⃣ Current valuation is okay, FDV 1.7 billion, circulating market value 400 million. 3️⃣ Token emissions are paused in the short term 4️⃣ Open interest has clearly increased 5️⃣ Beautiful @diamondhandjs is in the same boat Betting on an emotional reversal, believing that it has already fully changed hands.