I recently sold dydx and gmx that I had held for a long time and replaced them with uni, sol and bnb.
The reason is also very simple. I have tried it a few times anyway. I feel that it is very inconvenient to play contracts on the chain. The experience is not as good as that on the exchange. It is difficult for this kind of contract play on the chain to have a large audience in the short term. It is not like buying spot. Just buy the spot and carry it in your wallet. You have to check the contract from time to time, which is very inconvenient. Especially for large funds, if this or that problem occurs, it is easy to cause capital losses. For these reasons I sold them all.
If you just want to make some money, in the early stages of the bull market, I think buying national meme targets is better than some projects with complicated mechanisms. Such as doge, such as shib pepe. Basically making 3 times the profit, I don’t think it’s a big problem. If the market is good and the entry position is good, you can expect to earn 5-10 times. Finally, just replace the foam with the flatbread.
I have been playing arbitrage crazily recently. My main task this year is not to study which projects are good and which targets to buy, because I have bought the assets I want and my position is full. I don’t have any extra money to do other things. I want to do it What is important is to use these assets to find arbitrage opportunities in the currency circle as much as possible. Excluding activities and airdrops, we rely on arbitrage. The goal is to get 50,000-100,000 a month. This only requires some snacks and no special abilities, anyone can do it.
So if there are some small projects like hundreds of times the coins on the chain, which I feel are in the way, I will give up on them and focus on bigger ones. Especially for currency friends who don’t have much capital, I suggest that you concentrate your own funds and focus on your own abilities to do what you are good at. If you don’t want what others say is good, just buy 1000U, and buy another 1000U for that good one. After diversifying the funds , in the end, you only made a small amount of money, and you missed the bull market.
In fact, there are not many coins that are truly digital assets in the currency circle. In my mind, only a few coins are considered assets.
One is btc, one is eth, one is bnb, and half is uni, because uni does not have the possibility to earn interest and obtain dividends now, but it will definitely do so in the future. As the number of people playing spot on the chain increases, uni will definitely Reach the height of bnb. As long as this trend is correct, uni will be the current bnb. The reason why I say half is just because it has not been realized yet, but it has a high probability that it will be realized.
The interest generated by some other assets that you earn by pledging, raising or otherwise is actually a subsidy given to you by the project side, and is not a true passive interest-earning.
The attributes of assets are: first, they must be able to continue to grow, and second, they must be able to earn interest or have the ability to be a shovel.
Bitcoin can actually generate interest invisibly, and it is the universal currency in the digital asset world, so there is no need to argue with it.
Eth is an energy-based asset, and chain activities are inseparable from it.
As for bnb, it is the second-level Binance equity. Of course, it is not as good as the real Binance equity, but Binance can repurchase it if it makes money, and Binance, as the largest and best project launcher, basically has a monopoly IEO of high-quality projects. If you want to participate in IEO, you must have a bnb. You must hold all bnb. As long as Binance is the boss for a day, you can hold it.
Assets are not meant to make you rich, but to increase their value. Of course, holding them for a short period of time will not make you rich. But obviously these are the best assets in the currency circle.
If you buy something else, if you don’t understand it and rely on hearings, luck, and recommendations, you will basically lose money because you don’t make money based on your strength.
When you buy btc, eth, bnb and uni, you basically rely on strength and cognition. You will not dislike them for making less, you will only dislike yourself for making less. You will definitely think, if I can make more, I will You can buy more. If I earn 10,000, it will become 30,000 in a bull market. My ability can be magnified 3 times instantly.
Where can I find this ability to instantly and passively amplify my abilities by 3 times? The only place to find it is in the currency circle.
However, most people clearly know that they are not strong enough now, but they still hope to gain dozens of times or hundreds of times in the currency circle through a bull market. This is very unrealistic.
If you ignore risk, risk will eventually eat you up when the bull market ends.
If you can treat buying assets like buying a house, you will definitely make money. If you hold these assets, within 10 years, your friends will basically be far away from you. After all, how can personal efforts be possible? Outpace the trends of the times.
Please believe that everything I said is wrong
I've finished writing, come on. I am a masseur in Circle B, an old leek who sincerely wishes you to get rich in the currency circle.
