If you are new to the primary market,
Or want to participate in the primary market
Come in and have a look!!!
I would like to state in advance that this is my personal experience and I do not provide any investment advice. Welcome to communicate with me.
1. Introduction——The primary market is also known as the local dog circle, web3, and MEME. Recently, the market has started to fomo and completely ignited the primary market. In the past, there might only be one golden dog with a market value of more than 50 million U (high market value, good community, and sustainable operation) in a week. In the past week, there have been more than one golden dog every day. Now it is really flourishing.
2. Tools——Newcomers must first understand how to use tools. We recommend using the wed3 wallet provided by Binance and OUYI. Learn how to get started first and then experience the bot tools on the market (EDXX ran away yesterday. When using bot tools, be sure to use small amounts and quickly transfer profits to your own wallet). Currently, the more popular chains are still ETH and SOL chains.
3. Purchase method - first buy eth or sol from the exchange and withdraw it to the web3 wallet, search for the currency you want to buy in the web3 wallet, here is a reminder, try to search for the contract (ca) when searching, do not directly search for the name, the same There will be many listings with names, and it is easy to buy Pixiu plates (you can’t sell them if you buy them). Generally, check the token test and if it shows something suspicious of Pixiu or a high transaction tax, don’t buy it.
4. Fund allocation - If you have never bought it before, it is recommended to practice with less than 500U (less than 1% of the total funds) first. You don’t need to worry about whether this money makes money, loses money, or goes to zero. When you are familiar with the pits, you can increase your funds, but the primary market funds should not exceed 5% of your total funds. The primary market is very risky. You may be optimistic about the coin today, but it may fall by 99% tomorrow! ! !
5. How to screen——The primary market becomes hot very quickly. Today it is animal coins, tomorrow it is AI, and the day after tomorrow it may become art coins, biomedicine, and so on. In short, it changes very quickly. Now pay more attention to some kols who often play in the primary market on Twitter (not recommended here), don’t rush to buy, observe the coins they recommend. Some are the kind of leeks (they start pvp in the internal market, and the market value of tens of thousands or hundreds of thousands starts to drop to zero). It is easy to lose money with this kind of kol. Don’t listen to how he brags. If you try with a certain small position (such as 0.1sol), a large position can easily empty your wallet. But there are still many relatively excellent kols. Screen and observe more, don’t rush to follow orders.
6. Mentality - Mentality is very important in the primary market. It may increase by hundreds or thousands of times in a day, or it may return to zero in an instant. Control your position well, don't go all in. Double your investment, and think about how much position you will use at most when you buy at the bottom, even if it continues to fall and you can't buy anymore (I only added 200U to a coin at the beginning, and finally lost more than 10,000U because I kept buying at the bottom).
The above is just a small part of my experience over the past year. There are still many details that have not been expanded. I will update it when I have the chance!
Finally, I would like to remind you again that it is very important to control your positions. Don’t be afraid of missing out. Opportunities are available every day. First of all, you must ensure that you are still alive in the primary market!!!
I wish you all a hundred times, a thousand times, ten thousand times! 🚀
