This round of cryptocurrency speculation is several orders of magnitude more difficult than the previous rounds. The price dropped below the issue price after listing, VC chips were scattered, and you couldn’t even get any profit. Instead, you kept getting beaten.
I have been studying how to choose those coins that at least won’t fall too badly after buying them. Of course, everyone has a dream of a 100x coin, and I also hope that one day I can catch a 100x coin before it takes off.
I have saved a post in my Twitter bookmarks, https://twitter.com/ardizor/status/1758569256424472957. I think what he wrote is at least a very good idea. Based on my own understanding, I will copy it as follows:
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Premise logic: Each cycle is essentially the same, and emotions have always influenced market prices
For a long time, the market was very quiet, trading volume decreased, all negative news, the market was pessimistic, and many people were discouraged. But this is often the best time to build a position, buy when no one cares, and sell when the crowds are bustling. In many cases, the pricing of the crypto market is very ineffective, and the fundamentals such as protocol revenue, number of users, and funds raised are not reflected in the market value of this coin.
So how do you discover a potential stock before it takes off?
1. Find tokens with good fundamentals
2. Find tokens with significant price differences
3. Look at the token price curve and find those tokens that have bottomed out or remain stable and are accompanied by negative emotions
Just remember that prices are always lowest during recessions.
These desperate times can present unique opportunities for savvy individuals willing to take calculated risks. Buying at such times can actually be advantageous in some cases.
How to operate:
1. Look for tokens with a market value between 100 and 1000 on coinmarketcap.com or https://www.coingecko.com/zh. It is not necessary to miss every token because you don’t have the energy to do so. It is best to look for categories that you are interested in or have knowledge reserves, such as defi, gamefi, ai, etc., or pay more attention to popular sectors.
2. Find the project's financing information. Projects financed by large funds will have lower risks. You can check the project's financing information on this website: https://crypto-fundraising.info/
3. Check the token economics or unlocking plan, https://token.unlocks.app/claimed, and pay attention to: the number of tokens held by investors, the distribution of tokens to the community, the distribution of tokens for marketing purposes, etc.
4. Learn about the latest progress of the project https://coinmarketcal.com/en/, https://dropsearn.com/
5. Finally, and perhaps most importantly, check in with the team through their official Twitter account or LinkedIn to see if they are still building. 6. It may not be easy at first, but if you keep doing it, you will definitely gain something.
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I have been studying this method, but there is no particular effect so far. I know it is not an easy thing. If it is too easy, there will be no poor people in the world. But before buying, study the fundamentals of a coin first, and don’t buy it because of the so-called big V or the so-called hot spot fomo. I feel more at ease.
