Today, a classmate asked, do we still have a chance to encounter a similar 100x coin? What kind of small currencies are worthy of our layout? And how to lay it out?
Here I would like to remind you of the risks. The risk of 100x coins is very high. The criteria for choosing 100x coins are different from those for mainstream coins. Mainstream coins can be invested at fixed prices. The risk of returning to zero is relatively low, but the risk of 100 times the currency is very high. You must be mentally prepared for a 99% plunge, that is, if you buy 100,000, you will be left with 1,000.
It used to be easy to buy, difficult to hold, easy to miss, and even harder to get 100 times.
Here are the specific standards:
First: The market value must be low! The market value is calculated by multiplying the liquidity by the unit price. The specific standard is: the coin ranked 20th by market value today has a market value of 11 billion US dollars. Therefore, if you want the coin you buy to increase 100 times in the future, the market value today should be within 100 million US dollars.
If its market value is already 10 billion today, and you still expect it to increase 100 times in a short period of time, it will be difficult. Counterexample: Dogecoin.
Second: This project is not well-received today, and even not favored by most people. Many people are unwilling to buy it. At least it is not over-marketed today. There is a classmate in the group whose name is, buy when no one cares, sell when the crowds are busy. That's what Musk said, I like it very much, over-marketing is deception, buying coins is the same as buying products, good things do not need over-marketing.
Third: There is an expectation of being hyped in the future, or a unique selling point, such as Web3.0, IoT, AI, and other specific application areas.
Fourth: There must be the possibility of practical application in the next 3-4 years, or the ability to make sustained profits, or his dream must be big, and there is a high probability that he can survive.
How to: Increase the probability of buyers:
First: cast a wide net. The probability of you buying one is very low. You can buy 10 or 20 at a time. It is not recommended to buy more than 30. If you buy too many, you will not be careful in selecting coins, and the probability will decrease.
Second: Hold on to your coins after you buy them. Don’t sell them easily. If you sell them after they have risen by 20%, no matter how much they rise in the future, it will have nothing to do with you. A 100-fold increase is definitely not achieved in a day or two. It usually takes more than half a year. Patience is key. Sell when there are a lot of people, and sell when the market is bullish.
Third: Try to enter the market in a bear market, especially pay attention to projects whose project owners or teams are still actively working in a bear market. Based on the experience of the previous 100x coin, good project owners will work steadily in a bear market, unaffected by market conditions and external interference, and they will also understand marketing and publicity in a bull market.
Fourth: Efficient use of cryptocurrency tools and data websites: These coins may not have been born yet, or they may have already been born and are in a decentralized exchange or centralized exchange. If you want to find them, you need to be able to use various cryptocurrency tools and have the ability to collect information efficiently.
This requires you to keep in touch with high-end resources and veterans in the cryptocurrency circle in the past year. If you have time, you can participate in more large-scale offline meetings and connect with more cryptocurrency circle resources.
Fifth: You don’t have to participate in early shorts, early crowdfunding, private placements, etc. You can go to the secondary market to find it, which is the most efficient. Because most projects don’t survive in the secondary market.
The secondary market has already helped you screen many projects.
With a 100-fold possibility, timing is critical. If you buy it right, it will be profitable in the long run, and there will be no holding cost.
Finally, a risk warning: when you buy any small currency, do not buy more than 10% of your funds. When investing in small currencies, you should have already invested 50% in Bitcoin and Ethereum. The next four years will still be a booming period for the blockchain industry. There will be no less than 20 100-fold coins. If you count the next high point from the low point of the bear market, there will be no less than 50 such coins that have increased 100 times.
Because, in the next wave, the market value of our entire cryptocurrency circle will increase by an order of magnitude, reaching 10 trillion US dollars, and a large amount of funds will rush in. The next four years will be miserable for traditional industries, but they will be the best four years for us in the cryptocurrency circle. Facts have proved that the epidemic and the global economic recession cannot prevent the rise in cryptocurrency prices. On the contrary, they are still boosting the rise in cryptocurrency prices.