Many people have a soft spot for $FIL , but this preference often stems from the losses they suffered on FIL, so they are unwilling to give up and always want to hold and try to get their money back.

When asked about the performance of FIL in the current bull market, we need to review why FIL performed well in the last bull market. From a fundamental point of view, the Filecoin team's vision is to build a decentralized storage network, which is a grand goal. However, the team seems to be more focused on marketing and publicity, so in 2020 and 2021, FIL's name is well known both in the currency circle and the disk circle.

Driven by the grand vision, mining machine publicity and the bull market, the price of FIL has been rising all the way, and many people have invested a lot of money in FIL's mining machines. But when the bull market peaked and began to fall, the mining machine owners realized that they relied too much on the vision, because the mining cost of FIL is higher than other cryptocurrencies. Not only do you need to buy mining machines, but you also need to buy tokens for staking, and there is a time limit. As the market environment changes, the return on investment becomes out of reach, and the confidence of miners also declines, causing the price of the currency to fall all the way.

During the decline, some believers tried to buy the bottom, from $120, $90 all the way to a few dollars.

Although FIL's ecosystem and technology may have breakthroughs in the future, the specific time is unknown, which may be 3 years, 5 years or more. When considering investment, we need to consider the return on investment, and time is also part of the investment cost.

Compared with FIL, other potential coins that are undervalued in the bull market may provide higher returns. In the same bull market, FIL may rise, but it may only be 1-2 times or 2-3 times, while some potential coins may bring 10 times or even 20 times the return. Therefore, I prefer to invest in dark horse coins that have greater growth potential in the future.