Obviously, the price of copycat products will increase more than that of big products, but it is very difficult to make money from copycat products.
A very important reason is that the entry time is wrong.
When the market is bad, few people can overcome their fear and buy counterfeit products.
Most people either buy Bitcoin and Ethereum or hold onto their Bitcoin.
Wait until something surges, then try to chase it, and then you will be buried.
Most of the counterfeit goods are only widely promoted and seen by many people when their prices have reached the harvest stage.
This is all due to the wrong entry time.
Overcoming human nature is a difficult thing, but overcoming human nature in investing is the first step to start making money.
Many people always ask me to recommend some counterfeit products to buy, but it’s really hard for me to recommend one.
I made many mistakes and lost a lot of money. I just have to bear it alone.
Speaking out may cause others to suffer losses as well, which is not a good thing.
But what I can say is that now is a good time to buy knockoffs.
If you want to buy, buy it now. Don't wait until the market is hot and then rush in to become cannon fodder.
Some people also asked, how much counterfeit goods should be purchased, and whether there is a standard answer.
Since it is the standard answer, it is naturally suitable for most people. The first purpose of investment is to hedge risks, not to make money.
Because there are really few people who can get rich, most people will give away wealth.
Ordinary working people, for example, earning around 70,000 to 120,000 yuan a year.
The amount of money you need to buy a copycat is about one month's salary, about 500-1000U.
Working in a large company, the income is relatively good and you can calculate it yourself based on the proportion.
If you are determined to change your wealth structure within 10 years, then buy pie.
I think one year's salary is more appropriate for buying mainstream coins such as Ethereum, about 20,000 U to 70,000 U.
If you calculate this amount at 35%-50%, it can basically change your wealth structure and make you worry-free about food and clothing.
The 35% return rate of Bitcoin is definitely there. Another 15% can be earned through various arbitrage activities. It is not difficult to earn 15% a year.
If I do it myself, my arbitrage profit can basically be around 50%-100%.
Starting with 200,000, you can earn 11.53 million in 10 years. Excluding arbitrage, it will be 4.02 million.
I personally think that 300,000 is a more appropriate starting point. Without arbitrage, it is 6.03 million. With arbitrage, it is 17.3 million.
So the prerequisite for you to change your fate is that you have 300,000 first. I have tried to calculate it conservatively and objectively.
This is what I think is the minimum necessary wealth to buy Bitcoin. Of course, this period is 8-10 years, using the simplest method, and not doing any low-buy and high-sell during this period.
Next, I will talk about how to choose a copycat.
Many people are blind and say they look at the market value, unlocking, project owners, and founders.
I think there is only one way, which is to look at the traffic of this coin. Only with traffic can everything else come true.
Without traffic, there will be no conversion, which means there will be no buying, and the price of the currency will not rise.
Traffic is the reputation value of a currency.
What are the coins with higher reputation value in the market now? I can give some examples, such as pepe, ordi, ens rndr dog doge, etc.
They all have the hot spots that they are trying to rub shoulders with each other. A more vivid way to describe fame is luck. Just like people, if a person is very famous, his family and their lives will be smooth.
It is easy for people with reputation to obtain some resources. Even if they fall temporarily, they can get back up as soon as the time is right.
If a person has no reputation or is very bad, then his luck will be very bad, so he should accumulate more reputation when he is young, and then he can accumulate luck after he is 30 years old. This is why so many people are doing IP now. In this information video era, the value of fame is much greater than before.
Fame is destiny.
The same is true for coins. They must have traffic and reputation in the coin circle before people will buy them. Reputation can be artificial or fake, but it cannot be absent. And it cannot be the same as others. For example, it is difficult for Bome to imitate Pepe. Only Pepe's overflow traffic can give it a little. But it is much better than most potatoes.
There are concepts, stories, applications and backgrounds, all of which can be transformed into fame.
So when looking for coins, you should focus on these points: the newer the concept, the better; the newer the story, the better; the more rigid the application, the better; and the stronger the background, the better.
All the smart people have already voted.
If you don't know yet, just observe that when bits rise, they rise more than Bitcoin.
When Bitcoin fell, they fell less than other altcoins. The less falling means two things. First, people kept buying during the falling process. Second, its market value is real and there is no bubble. The liquidity is sufficient, unlike other coins, which fall by 50% as soon as the liquidity is withdrawn.
If you are always losing money and don’t know what to do with the current market, you can keep up with the organization.
