How should we rationally view the 'get-rich-quick myth' in cryptocurrencies
(Taking Dogecoin, SHIB, and #sol as examples)
1. Two completely different types of cryptocurrencies
Emotion-driven Meme coins
Representative coins: #DOGE , #SHIB
Core characteristics: Originating from internet culture/jokes
Rely on celebrity effects (such as Musk's Twitter)
Prices are completely driven by community sentiment
Lack of actual technical support
Real case: In 2021, SHIB achieved a million-fold increase, but most latecomers lost money
Value growth type
Representative coin: SOL
Core characteristics:
Complete technical architecture (such as Solana's high TPS)
Forming a developer ecosystem (currently over 2000 DApps)
Recognized by institutional funding
Solving actual industry pain points (such as Ethereum's scalability issue)
2. Participation strategies for ordinary investors
(Risk level pyramid model)
For Meme coins (high risk)
Position control: No more than 5% of total investment
Participation timing: When social media hype begins (not during the全民讨论阶段)
Exit mechanism: Set a profit-taking line of 50%-100%
Essential mindset: Treat it as entertainment consumption rather than investment
For growth-type tokens (medium to high risk)
Research dimensions:
GitHub code update frequency
Growth in the number of ecosystem projects
Changes in institutional holdings
Ability to solve real problems
Investment method:
Use a quarterly dollar-cost averaging strategy
Take profit on 50% gains
Retain 20% position for long-term holding
3. Key cognitive upgrades
Survivorship bias: Behind every get-rich story, there are 99 silent losers
Time leverage: A 50-fold increase in SOL actually spanned a 3-year period
Information asymmetry: Institutional investors usually position 18 months before a bull market
Liquidity trap: 90% of Meme coins delist after the hype
4. Practical tool recommendations
Sentiment indicator: Use Santiment's social heat chart
On-chain analysis: Track smart money movements through Nansen
Ecosystem monitoring: Check Electric Capital's developer report
Risk testing: Validate strategies for 6 months with a simulated account before going live
When a certain coin trends, is it usually a buying opportunity or a selling signal?
Why is it said that 'knowing what not to buy' is more important than 'knowing what to buy'?
How to build your own 'token evaluation checklist'
Remember: In the cryptocurrency market, surviving longer is more important than making quick profits. All cases of achieving financial freedom revolve around the execution discipline of 'positioning when no one is paying attention + exiting when the spotlight is on.'
