A big lie that cryptocurrency investors were deceived and believed to be true——?
Everyone who has just entered the cryptocurrency market often does not know where to start when they see the thousands of coins on the exchange.
At this time, if you ask some old investors, most of them will often tell you that "it is better to speculate on new things than on old things". So, is this statement correct?
Indeed, in every bull market, there will always be some outstanding new coins that achieve a hundred-fold increase, but I naturally do not agree with the view of "speculating on new ones instead of old ones".
In the last round of the currency market cycle, I bought three hundred-fold coins, Dogecoin, $aave, and $bnb. When I bought Dogecoin, the price was RMB 2 to 5 cents. When the bull market came, it reached more than RMB 5 (I didn’t get it in the end that year;
I bought $aave at 7 USD, and it rose to over 700 USD at its highest. I bought $bnb at around 150 RMB, and it reached a high of 690 USD, or around 4900 RMB.
Although I did not make a hundred times profit on all the above currencies, in the last bull market, they were all genuine hundred times profit coins. However, back then, they were already typical old coins.
Looking at this cycle, old currencies such as $nos and $troll have now stood out from many altcoins and have seen a hundredfold increase from their price bottom.
To sum up, don’t you think that “speculate on new things, not old things” is indeed a lie that has deceived countless people, but there are still many people who believe it?
In short, I personally believe that the success of currency market investment has a certain element of luck, but it is also closely related to factors such as a person's investment vision, market experience, desire control, operational execution ability and financial strength, and it really cannot be forced to link it to the newness or oldness of the currency.
