After losing 5 million, I summarized 7 lessons learned
Although I started buying Bitcoin in 2015, I have fallen into new pitfalls with each cycle. Recently, the market has been poor, providing the opportunity to review the pitfalls encountered in this cycle as a warning to myself, and hopefully, if it can inspire others, that would be great. Let's begin the main content. 1. Don't worry about fluctuations in your account balance. My account balance peaked in early 2024, and as of January this year, it was about 10% lower than that peak. Even knowing that January was already a high market, I still fantasized about hitting a new high, which led to significant losses later.
I minted sats in July and made a simple tutorial to send to the group. The cost of mint at that time was about 0.4u per piece. Converted to u, the cost of one sats in July was 0.000000004U. As of November 11, 2023, the price of one sats was 0.00000013U, so it has increased more than 30 times.
Why pay attention to sats? In fact, at the same time as sats, oxbt, orc20 and other variants were also popular, but I only played sats. There are three reasons. The first reason is luck. We know that the smallest unit of calculation of Bitcoin is satoshi, and its English name is satoshi. Around 2020, I used an app called Faucet. This app can be used to order takeout, shop on Taobao, etc. After each purchase, the app will return some satoshis to you. When a certain amount of satoshis is accumulated, you can withdraw the coins to your wallet. This app made me understand Cong for the first time. sats corresponds to satoshi, so my good impression of sats comes from here.
The Future Star of Stablecoins: Spark, Along with Participation Tutorial
Recently, the secondary market has not been doing well, and staking ETH and SOL for airdrops is not reassuring; the value of the airdrop may not even match the decline of ETH and SOL. Therefore, I, Chili Brother, have been searching for projects to earn airdrops using stablecoins because at least stablecoins won't drop in value. Recently, I discovered that Spark allows participation with stablecoins, and it has a solid background. Spark is a DeFi application that belongs to the Sky ecosystem (formerly MakerDAO), focusing on on-chain capital allocation and liquidity management. People familiar with the crypto space should know about MakerDAO, which was established in 2013 and has stood the test of time for 12 years. Spark is a project incubated by MakerDAO itself. Let's take a look at Spark's current products. Spark's current offerings include Spark Savings (earning returns on stablecoin deposits) and SparkLend (decentralized lending market), managing assets exceeding $6 billion, with an annual income of approximately $355 million. Therefore, Spark not only has the backing of a long-standing project but also manages a substantial scale, making it self-sustainable and less likely to exit scam. Additionally, Spark has received support from top institutions such as a16z and Paradigm, with a total asset management scale exceeding $8 billion, categorizing it as a large project. This is the kind of financially robust project that I, Chili Brother, prefer.
It is recommended to purchase 3 Basepaint NFTs with ETH on the Base mainnet, which will cost approximately $12. This allows you to complete 2 tasks simultaneously (buy an NFT from a verified collection on any chain and buy an art NFT from a verified collection), thereby reducing losses.
Home has been listed on Binance spot, and my airdrop has also appreciated to 4000 dollars. A few months ago, I posted a tutorial on Binance for Home's airdrop, and those who followed it at least gained thousands of dollars in airdrops. Although Binance alpha has become very competitive, there are still opportunities in on-chain airdrops. As long as you have execution power, you can achieve results. Let's all work hard together #币安HODLer空投HOME #空投大毛 #空投分享 $HOME
"Is Sol Stagnating?" 1. Recently, ETH has surged sharply, while Sol seems to lag behind. I believe Sol is currently on the brink of a significant rise.
2. With the upcoming token issuance from pumps and the emergence of imitation projects, this signifies the beginning of the decline in the meme industry’s benefits. Therefore, the upward momentum of Sol supported by memes may come to an end, and the next growth momentum for Sol will be through ETF#以太坊生态回暖 #solana $SOL
"Two Tips for Using OpenSea" 1. When buying NFTs, use the sweep function to automatically purchase at the lowest price. This saves you time on manual selection.
2. When selling NFTs, turn off creator fees. This allows you to sell for a bit more. Originally, this money is for the creator, but you can choose not to pay. #空投分享 #OpenSea
In March, I posted the tutorial for the home airdrop, and I don't know how many students followed along. I just received the home airdrop, with my main account getting 110,000 home, worth around $3000. The low-tier account received over 6,000 home, worth around $180. I participated in the defiapp early on, and the over 6,000 home corresponds to over 100,000 XP. At that time, the loss for 100,000 XP was $4. So roughly, the cost for the low-tier account was $4, with earnings of $180, resulting in a profit of $176.
The only drawback is that the official community claim time has been delayed, but overall, Home is quite good. In the increasingly competitive environment of Binance Alpha, there are still opportunities for on-chain airdrops. On-chain airdrops do not require KYC, do not need facial recognition, and you can create as many accounts as you want, but it requires a good eye for selecting projects.
《Opensea Task of ApeChain》 The newly released task to purchase ApeChain NFTs on Opensea requires Ape on the Ape mainnet to complete. However, the exchange only has Ape on the ETH mainnet and cannot withdraw Ape on the Ape mainnet. The solution is to obtain Ape through Opensea's swap feature. For example, swapping ETH on the Base mainnet for Ape on the Ape mainnet. You can activate the Swap feature with any coin. #Opensea #空投分享
Is Trump Wallet Going to Issue Coins? Here’s a Zero-Cost Participation Guide
1. Trump may soon launch trumpwallet, and Magic Eden has retweeted trumpwallet's tweet, so you can follow trumpwallet. Registering with an email for trumpwallet allows you to receive an airdrop at no additional cost.
2. The process to participate in trumpwallet is: open the official website trumpwallet.com?ref=xsqCl1KAYtGeFIjzjc6N, enter your email (recommended qq email), and click 'join waitlist'. Then click 'confirm email' in your email to confirm. #空投大毛 #空投分享 $TRUMP
1. Just received the on-chain airdrop from Lagrange, with 60 orders worth 24 dollars, but 4 dollars will be deducted upon receipt, so the actual value is 20 dollars. You all receive Binance alpha, and I receive the on-chain airdrop.
2. Lagrange previously required completion of various niche mainnet queries like fraxtal, and KYC was needed to receive the airdrop, which inadvertently increased the cost. So if it sells slowly, it might result in a loss. #币安Alpha上新 #LagrangeLA #空投分享 $BTC
WCT sold for several thousand dollars. At the beginning of the year, I felt that WCT had a chance to be listed on Binance, and sure enough, it was listed on Binance later. Unfortunately, after receiving the WCT airdrop, I sold it all at around $0.5. Now WCT is $1.3, so I missed out on several thousand dollars. #wct $WCT
I probably participated in Reddio at the end of last year. Today, I received the Reddio airdrop and sold the order for 1000 dollars. As a public chain, Reddio has a FDV of less than 100 million, indicating that projects creating new wheels are currently quite cold. This time, Reddio allowed Binance alpha users to run first, and community users could only claim the airdrop two hours after Reddio's launch, and it had to be claimed on the ETH mainnet. This model of letting the leaders run first will continue to exist. #币安Alpha上新 #空投大毛
1. Many people have been accumulating points these days just to claim Soon's Binance Alpha airdrop. Today, I received Soon's on-chain airdrop, with 40 orders, each worth $20, at zero cost. Although Binance Alpha has captured the airdrop market, there are still some zero-cost airdrops on-chain that are worth participating in. 2. I became aware of Soon in March, when I mentioned the meme coin of the Soon ecosystem in the group, and later it surged several times. While many public chains are competing on user metrics like low TPS and gas, Soon has created wealth through meme coins, which left a good impression. 3. Regarding the potential of Soon. Soon has been listed on Binance Alpha and Binance Futures (which is a prelude to Binance Spot), and it frequently interacts with BNB Chain and CZ. Additionally, it has been listed on the large South Korean exchange Upbit, which indicates solid credentials. However, it should be noted that Soon previously completed a public offering by selling NFTs, with three tiers of public offering costs: $0.12 (locked for 12 months), $0.21 (locked for 6 months), and $0.37 (unlocked, linear release). Therefore, it can be observed that if Soon's recent price approaches $0.37, it might be worth a short-term gamble.
《How to Claim the ENA Season 3 Airdrop》 The ENA Season 3 airdrop is available for claiming, with 158 ENA worth $47, enough for a meal at Haidilao. Note that the airdrop received is sENA; if you want to sell $ENA , you need to unstake sENA first.
1. Yesterday, Chili Brother received the airdrop from Sign, which is not from Binance alpha but rather an on-chain airdrop. There were over 600 transaction numbers, at zero cost, with each transaction being worth around 40 dollars. Sign primarily focuses on identity verification, allowing users to obtain a passport from an African country and participate in on-chain interactions using their real identity. Currently, there are projects like Gitcoin doing identity verification on-chain, but Gitcoin is relatively laid-back and does not emphasize real identity. So, what makes Sign special? 2. Sign gives me a mysterious feeling because, although Sign is a VC-led project with investment firms including Binance, HackVC, and other well-known institutions, Sign has not engaged in community manipulation like other VC projects. This is evident as Sign has completed NFT destruction and refunds prior to this. This indicates that Sign is a project that values community.
Zero is officially recommended by Sui as the cloud printing platform 3DOS
1. Sui has been so popular recently. I found a free project called 3DOS in Sui ecosystem. 3DOS is a decentralized manufacturing network based on Sui. Users can upload 3D printing designs, protect intellectual property rights and earn royalties through NFT. In addition, 3DOS was retweeted by Sui's official Twitter account, which also shows that Sui officials are optimistic about it. 3DOS currently has a points system. Points can be exchanged for airdrops. It is completely free to get points. As long as you have a computer, you can play. Here are the steps to participate 2. Register an account. Open the official website dashboard.3dos.io/register, enter your email, password, and code "1d8561" in order, check the box, and click "register". Then you will receive an email from 3DOS in your mailbox, click to confirm in the email.
1. Currently, it takes about 4 days to pass KYC, not just a few minutes. 2. Change the ladder node to Hong Kong or Taiwan to pass KYC. 3. After completing KYC, remember to claim the bonus of $110 transaction fee. 4. I traded $100,000 in spot, and with the bonus transaction fees, there was almost no loss. 5. Compared to the backpack, Arkm is not competitive at all. There are over 40,000 people farming the backpack, while there should be less than 10,000 for Arkm.
6. If you won't be farming Arkm, you can check out the tutorial I wrote earlier.