Author: Chimney, founder of the first-generation blockchain community.
Core summary: Heavy holdings + multiple returns.
Actual details: When $ACT had a market value of $20 million, I bought $100,000; I made 15 times, turning it into $1.5 million, thus achieving a single day profit of $10 million.
Heavy holdings always come from two things: cognition + redundancy.
1. Why choose to buy ACT? How to discover such tokens?
1. Why study aimeme?
1) GOAT emerged successfully, making the first splash for aimeme.
2) Retail investors have suffered from the monotony of animal memes for too long!
3) Meme culture + AI-driven content production/AI technology + social viral spread + cryptocurrency = money + the dual game of currency— a trend that is inevitable.
Innovative and viral attributes are all maximized; there definitely won't be just one token like GOAT!
So, under these circumstances, smart partners will start to study the potential tokens in aimeme.
2. What is the uniqueness of ACT?
ACT - a groundbreaking #AI research lab + the infrastructure, technical support, operating system for goat and other aimeme projects + several exchanges/community takeovers have already launched for free.
Story: The community funded the dev with nearly $1 million worth of ACT tokens, but the dev lacked vision and sold everything. After experiencing such an event, the community members showed strong resilience and held on! Stabilized ACT's basic market value, and now the dev has lost their chips, making the token's chip distribution healthier.
Spiritual philosophy: What doesn't kill me makes me stronger.
Market value at the time of attention: $20 million.
Worth buying $30,000 to $100,000.
Second, how can one achieve heavy holdings? How to balance risk and return?
1. The concept of heavy holdings.
The meaning and amount of heavy holdings differ at different stages of token market value. At a market value of $20 million, there are too many uncertainties. At this stage, buying $100,000 counts as a heavy holding; in fact, $30,000 to $100,000 is already quite good.
After the news of ACT's listing on Binance came out, within a market value of $200 million, putting in $1-3 million counts as heavy holdings, and one can earn a certain 2-5 times return.
2. The source of heavy holdings.
Heavy holdings always come from two things: cognition + redundancy.
First, you must have a cognition of this token, regarding its narrative, experience, story, expectations, and the competitive track it is in; only by understanding enough can you build faith, and truly have your expectations and certainty about it. Without this, everything is just empty talk.
Cognition can be divided into two types: one is detailed cognition, and the other is common sense judgment.
This time on ACT, there are two types of people who can make a lot of money on Binance.
The first category is those who learned about the ACT token before the news was announced, and continued to research it, such as looking at related tweets, telegram groups, observing the resilience of the token reflected in the K-line, etc., and established their own set of standards for selecting tokens, leading to ambush and purchase.
But to be honest, among aimeme, there are many tokens as good as ACT, or even better— why is it that only ACT was listed on Binance? There must also be a huge element of luck and probability involved.
Therefore, these types of people can eat 10-20 times, basically driven by active luck and aided by cognition.
This is to be acknowledged! Sometimes it's just sheer luck, it's fate.
Let's put it this way, generally speaking, the probability is at most 20%, picking 5 and getting one right is already at the level of yyds.
The second category is those who haven't been involved before but have heard of this token, even if they are not very familiar with it— at this time, it relies on common sense judgment to make money, which is a certainty for a large position with a 2x return opportunity.
Common sense 1: The creator of aimeme, Long Yi token, GOAT, once reached a market value of 1 billion.
Common sense 2: The first few meme tokens listed on Binance basically reached a market value of 500 million to 1 billion (Neiro, Turbo, Babydoge).
Common sense 3: This is the second low market value (20 million) meme token listed on Binance; the previous Neiro increased by dozens of times.
Common sense 4: The current market condition is at a high point with BTC at 80,000 USD.
Based on the above 4 pieces of common sense, within 300 million, putting in a large position has a probability higher than 90% of earning 2 times.
Of course, the top-notch and lucky people are the ones who eat in the first wave, supplement heavily in the second wave, and continue to profit.
The above is about heavy holdings within the realm of cognition and common sense.
There is another important reason behind heavy holdings— redundancy.
The friends in the group are very curious why I dared to buy $100,000 at a market value of $20 million— to be honest, that's not a small amount of money. Mainly because the PVP phenomenon on the Sol chain is too severe, many tokens with a market value of over a billion drop to zero just like that. Everyone thinks I have a good mentality! I have courage!
In fact, what I want to say is that everyone has the same mentality; courage is all nonsense.
Every person has loss aversion. You absolutely won't find someone who has lost a lot and is still very happy!
The real reason behind this, I answered my friend this way:
"You ask me why I was able to make $10 million in a single day on ACT, honestly, what I want to say is not luck, not cognition— but redundancy! What does this mean? The reason I was able to make $10 million, getting listed on Binance was luck— we won't talk about luck. Beyond luck, the core is that I bought $100,000. Although behind this $100,000, there are many reasons because I deeply understood and familiarized myself with it— but to be honest, a token has too many things you cannot know and understand. You think you understand it very well, but in reality, you may only see the tip of the iceberg. So, the dimension of cognition is actually also hindsight. The most important thing is that because I made over a million on Turbo; the most important thing is that I made three times the return on $400,000 on Moodeng...
Isn't it particularly interesting? I have previously shared about the phenomenon of erroneous chain reactions— an initial mistake can lead to many subsequent mistakes. In fact, success is the same; doing something right once can lead to a series of right actions!
The reason I was able to make $10 million on ACT is fundamentally because I made several million on Turbo; ultimately, it's because I made several million on Moodeng...
The two key events that I did right before resulted in significant floating profits and allowed me to have enough bandwidth, making it so that for me— buying $100,000 of ACT, if it went to zero, I would feel a little pain, but it would absolutely not cause a systemic collapse or blow to me.
Note that the subtlety here is that this $100,000 in my subconscious is profit I earned, not my initial capital. Therefore, it feels a bit like someone gave you $100,000 to play with; the profit belongs to you, and the loss is borne by them. Your mindset really feels very redundant.
Simply put, this means having a great margin for error both mentally and financially.
This is the core!
