The tweet was posted on April 24. At that time, the market value was 100 million US dollars. Now Pepe is worth 1.7 billion US dollars. 1000U becomes 17000U. Don’t expect a 100-fold return at this stage, but it may be possible in the future. Many people want to catch the 100-fold coin. The probability of relying on someone to issue a wealth code is extremely low, because there are three extremely critical prerequisites/abilities to trigger a 100-fold return:
1. Able to discover the next trend in advance, such as DeFi, NFT, layer2, and LSD in the past.
2. Dare to build a position when the market is most panicked. 3. People who are well versed in Crypto culture, really think memes are cool, and have strong action ability,
3. The first is harmony among people. That is, your own ability: you should have an overall understanding of the industry, and be able to understand the business model and the market from the sociological and philosophical perspectives. Only in this way can you find the core track in the industry and the core project from the core track. In addition, you can also roughly judge the market and project operation data behind it to make a rough estimate of the valuation, and use this to budget the approximate growth space in the future.
The second is the right time. It depends on whether the market gives you the opportunity: The last round of large-scale 100x coins started on March 12, 2020. The lowest point in the market was BTC 3.3k; the current lowest point in this round is 15K. You can convert it yourself, it is now 30K, doubled. In the future, if others have 100x, you will have 50x, and if others have 50x, you will have 25x. So you have to learn to wait, there are opportunities every year, and it is more about not being greedy, but being ruthless and accurate.
The third is location. That is, the environment in which you survive in the crypto circle. This is very important. If the circle is full of local dogs and transactions, you can lose money; if you are in the crypto technology circle, you can make money by arbitrage; if you are in the crypto culture circle, you can make money by NFT and meme; if you are in the crypto investment circle, you can make money by hoarding Bitcoin and venture capital. A good environment will infect people with positivity.
The garbage circle will also infect you, making you panic, confused, and wrong. You can learn this market without knowing it, but the most troublesome thing is not knowing that you don’t know it. Strictly speaking, this is a paradox, because people cannot learn things beyond cognition. Although the Internet has opened up this limitation, if you don’t change your thinking, there is still no way.
Many people participate in this market with zero foundation. If you are lucky, you need to go through a few bull and bear cycles and find the right path before you can make some progress. Only by expanding your circle upwards can you get in touch with the core of this market.
Just like if you don’t know layer2, you can’t pay attention to arb and op in advance. If you don’t know NFT, you can’t pay attention to RARI in advance. If you don’t know DeFi, you can’t pay attention to LDO. The real meaning of learning is to learn the thinking system and the way to understand things, so that you can see the most basic things and change some things.
Especially for newcomers, the most taboo is impulsiveness. Either learn slowly, reflect more, and reflect on the most correct path through the pits you stepped on, or follow the results, have a system, and learn from people who can teach you. But this is also luck, because without cognition, there is no way to distinguish the real good from the bad.
Share a little bit of the 100x coin idea map for your reference:
